Mr. Mario Stifano reports

GALANTAS GOLD SECURES THE LAST KEY PERMITTING APPROVAL FOR ANDACOLLO GOLD PROJECT

Chile's National Geology and Mining Service, the Servicio Nacional de Geologia y Mineria (Sernageomin), has approved the amendment related to the operational reactivation of the Ripios Dumps (leach waste dumps) at the Andacollo gold project in Chile's Coquimbo region. The other key permitting approvals have been received and were announced on Aug. 6, 2026 (see news release).

This approval extends the validity of the permit originally granted and authorizes continued operation of the Ripios Dumps VII, VIII and IX facilities under the same technical, operational, environmental and safety conditions previously approved by Sernageomin. The approval recognizes that, following the prolonged suspension of activities since 2016, the Ripios Dumps retain significant remaining capacity, with approximately 16.4 million tonnes of authorized capacity remaining, equivalent to 81 per cent of the total approved capacity.

Galantas now has all the key regulatory approvals required to resume operations at the project under the previously approved mine design, waste-disposal configuration, heap-leach facilities, operating parameters and safety conditions. The authorized operating period extends for four years from the commencement of mineral extraction, or until the applicable remaining authorized tonnage or capacity is reached, whichever occurs first.

The company continues to advance engineering, procurement, infrastructure rehabilitation, contractor planning and operational-readiness activities at the project. The company also continues to prioritize local employment, contractor participation, training and procurement opportunities in the town of Andacollo and is working with authorities and community stakeholders to support an orderly and responsible restart.

Cautionary note: The company has not made a production decision in respect of the project. Any decision to restart production will be subject to, among other things, completion of further technical, operational and financial review, availability of financing, completion of installation, rehabilitation and commissioning activities, receipt of any remaining approvals required at the relevant time, and formal approval by the company's board of directors.

Qualified person statement

The scientific and technical information in this news release has been reviewed and approved by Dorian L. (Dusty) Nicol, a qualified person for the purposes of National Instrument 43-101. Mr. Nicol is a shareholder of the company and acts as a special adviser on exploration to the company.

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.

We seek Safe Harbor.