Mr. Hratch Jabrayan reports

GALLOPER GOLD COMMENCES DIAMOND DRILLING AT GLOVER ISLAND

Diamond drilling has commenced at Galloper Gold Corp.'s flagship Glover Island property, marking the start of the company's 2026 exploration drilling program.

The planned program comprises approximately 7,000 metres of NQ diamond drilling across 30 holes, and follows a comprehensive integrated technical review of historical drilling, trenching, surface geochemistry, geological mapping and historical geophysical surveys.

The programs are designed to test the continuity and orientation of known mineralized structures with initial programs targeting smaller showings and continuing to the main resource.

The initial program is intended to expand the known mineralized showings and previously poorly understood drilled targets. The first target is the Kettle Pond South zone, located near the Galloper camp and with intercepts including 2.53 grams per tonne over 21.3 metres drilled by Newfoundland Goldbar Resources Inc. in the 1990s. This zone has been tested at shallow depths and shows continuity over approximately 300 m. This program is designed to test continuity of mineralization at depth.

This program is to be followed up with the drilling of the KPS-1 hole, which intersected significant mineralization, but the core was lost and never assayed. Follow-up holes may be drilled depending on the quality and quantity of intersected mineralization.

A further program is planned to be drilled on the Lunch Pond C anomaly, where 54.6 grams per tonne over 1.22 m was reported.

Following these small programs, the primary focus of expanding the Lunch Pond South extension will resume, expanding the resource along strike and at depth.

This program will allow the company to have several geological resources to follow up on with a pipeline of targets developed, which will lay the foundation for further development of targets across the company's landholdings on the island. Drilling is now under way on the first hole of the exploration program.

Hratch Jabrayan, president and chief executive officer of Galloper, commented: "This is an extremely important step for Galloper Gold. Over the past several months, along with the rehabilitation of the Kettle Pond camp, our team has brought together the historical drilling, recent surface work, geochemistry, geology and new high-resolution geophysics into a much clearer understanding of the structural framework. This marks the first major drill program in Galloper history, and we look forward to updating the market as the program progresses."

The technical information contained herein has been reviewed and approved by Peter Lauder, PGeo, acting vice-president of exploration for Galloper.

About Galloper Gold Corp.

Galloper is focused on mineral exploration in central Newfoundland on its Glover Island exploration project. The property comprises 466 mining claims on 13 mineral licences covering 117.21 square kilometres (11,721 hectares). Historic exploration efforts produced the LPSE 2026 gold resource, which is wholly controlled by Galloper.

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