Mr. Kenneth Berry reports

GALACTIC GOLD ANNOUNCES HELICOPTER - BORN VTEM(TM) AND HORIZONTAL MAGNETIC GRADIOMETER GEOPHYSICAL SURVEY; NON-BROKERED $1 MILLION PRIVATE PLACEMENT

Galactic Gold Corp. has commenced a helicopter-borne VTEM (versatile time domain electromagnetic) and horizontal magnetic gradiometer geophysical survey designed to investigate the mineral potential across the company's Hardrock West properties in the Geraldton, Ont., area. The company is also pleased to announce a non-brokered private placement offering of common shares of the company at a price of 25 cents per common share for aggregate gross proceeds of up to $1-million.

The approximately 2,000-line-kilometre (km) (150-metre (m) spacing) airborne geophysics program will evaluate key orogenic faults encompassing more than 85 km of strike length on the Hardrock West properties. In addition, the high-resolution data are expected to identify secondary structures, conductive and magnetic anomalies, and refine drill targets.

The airborne program will also provide important data to support the previously announced (March 3, 2026, news release) integrated interpretation of historical exploration data and district-scale structural and geophysical analysis. This extensive data compilation work conducted by Exploration Machine Inc. identified property-wide controls on gold mineralization linking multiple target areas across the property and provide important framework for target generation and exploration prioritization.

Priority targets

The property area was divided into 19 subareas and systematically evaluated. The following high-priority targets have been identified for near-term advancement:

• Anchor targets (near-term drilling):
  • Kowalski Lake: strong historical drill intercepts from a severely underdrilled system where recommended follow-up was never completed; favourable structural setting near a Paint Lake fault flexure and major fault intersections;
  • Solomon's Pillars: strong soil anomaly coincident with a historical prospect on the Watson Lake fault, where recommended follow-up was never completed; favourable structural geometry, including flexure and splay development, with very limited drilling within the anomaly to date;
• Tier 2 -- high-priority targets (advancing toward drilling):
  • Trench Lake: repeated high-grade surface results over decades along Paint Lake fault corridor; historical drilling incomplete with portions unassayed;
  • Turkey Lake and Wildgoose South: on trend with the nearby Hardrock Gold camp, with high-grade historical drilling near claim boundaries; structurally favourable but masked by overburden; standout lake sediment anomaly;
  • Angle-Watson Lake: along the same structure as past-producing mines west of the property; multiple high-grade surface occurrences and demonstrated gold system with arsenopyrite association;
  • Kenneth-Daphne Lake: large, underexplored area with multiple deposit styles and nearby high-grade occurrences, including shear-hosted and intrusive-related gold systems;
  • Coral Lake: anomalous drilling results within a structurally complex zone east of Kowalski Lake; no modern follow-up.

Galactic Gold's chief executive officer, Ken Berry, commented: "Located within the prolific Hardrock West properties, encompassing more than approximately 85 kilometres of orogenic faults and positioned adjacent to major gold deposits and a producing mine, the Hardrock West property remains significantly underexplored by modern standards relative to surrounding ground."

Non-brokered $1-million private placement

The company intends to complete, on a best efforts basis, a private placement of common shares of the company at a price of 25 cents per common share for aggregate gross proceeds of up to $1-million.

The net proceeds from the private placement will be used for exploration activities related to the Hardrock West properties, working capital and general corporate purposes.

The securities to be issued under the private placement will be offered by way of private placement in each of the provinces of Canada, other than Quebec, and such other jurisdictions as may be determined by the company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.

The private placement is anticipated to close on or before April 30, 2026, or as decided by the company, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals. The shares to be issued under the private placement will have a hold period of four months and one day from closing.

In connection with the private placement, arm's-length finders may receive a cash fee in respect to their subscribers equal to 6.0 per cent of the gross proceeds.

Qualified person

Jason Arnold, PGeo, president of DCX Geological Consulting and an independent qualified person as such term is defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the geological information reported in this news release. The qualified person has not completed sufficient work to verify the historical mine production, and it is not considered NI 43-101 compliant and may not be representative of expected results on the subject property. Mineralization hosted on adjacent and/or nearby properties, particularly with respect to neighbouring mineral reserves/resources, is not necessarily indicative of mineralization that may be hosted on the company's property.

About Galactic Gold Corp.

Galactic Gold is a resource development company focused on unlocking the full potential of its 100-per-cent-owned Hardrock West properties, located in the top-tier mining jurisdiction of Ontario. Over 57 km of combined strike length along two major gold-bearing structures and 10 km away from Equinox Gold's Greenstone mine. Galactic Gold is positioned between Equinox Gold Greenstone mine and Equinox's Brookbank deposit along what Laurentian University in its Metal Earth Research has identified superstructures across the Galactic gold property, underscoring the project's strong value-creation potential.

We seek Safe Harbor.