Mr. Mario Stifano reports

GALANTAS GOLD GRANTS RSUS AND STOCK OPTIONS

On July 4, 2026, Galantas Gold Corp.'s board allotted and reserved 33.65 million restricted share units (RSUs) of the company to certain directors, officers, employees and consultants of the company, consisting of a right to receive a share, cash payment or a combination thereof upon settlement of such RSU in accordance with the company's omnibus equity incentive plan, which was approved by the company's shareholders on June 15, 2026. The method of settlement of the RSUs is fully at the discretion of the board as administrators of the plan.

The RSUs will vest in accordance with the following schedule:

• One-third of the RSUs will vest on July 4, 2027;
• One-third of the RSUs will vest on Jan. 1, 2028;
• One-third of the RSUs will vest on Jan. 1, 2029.

If an RSU expires during a closed period imposed by the company or at a time when undisclosed material information exists, the expiry date of the RSU will automatically extend to the date that is 10 business days after the closed period is lifted.

The company also reports that on July 4, 2026, it granted 775,000 incentive stock options to consultants, pursuant to the company's plan, which was approved by the company's shareholders on June 15, 2026.

Five hundred thousand options have been granted to a consultant and will vest immediately. The remaining 275,000 options have been granted to another consultant, vesting in four equal tranches over the next 12 months. The exercise price for the options is 55 cents and the options shall expire on the date that is five years from the date of grant.

The company's plan allows for the aggregate number of shares that may be reserved for issuance under this plan as up to 10 per cent of the corporation's issued and outstanding shares. The total number of shares under the plan outstanding prior to this award was 4.63 million, which results in the total number of shares now outstanding for the company being 39,055,000, representing 4.71 per cent of the company's issued and outstanding shares, which total 829,625,590.

About Galantas Gold Corp.

Galantas Gold is a publicly traded gold and copper company focused on the acquisition, development and advancement of gold and copper assets in stable mining jurisdictions. The company is currently advancing the development of the Indiana project and the Andacollo gold project in Chile. Galantas's strategy is to build long-term shareholder value through disciplined capital allocation, technically rigorous project evaluation and responsible development of high-quality mineral assets.