Galleon Gold Provides Corporate and Operational Update

The most recent news (March 25, 2026) confirms that Galleon Gold is strictly adhering to its "Execution Roadmap." Key milestones achieved include the receipt of Category 2 and 3 Permits to Take Water (PTTW), completion of the temporary water treatment system, and the commencement of box cut overburden removal. This follows the March 2, 2026, announcement of the primary box cut excavation. Furthermore, the company has initiated its 18,000-meter 2026 exploration drill program and strengthened its technical leadership with the appointment of Leah Page as VP Exploration.

The news is Routine - Positive. While the commencement of the box cut is a physical milestone, it is the expected progression of the "Game Changer" financing and permitting news from late 2025. - Operational De-risking: Securing the PTTW and MECP compliance for air/noise removes the final regulatory hurdles for the 86,500-tonne bulk sample. - Validation of Timeline: Management is delivering on the 2026 roadmap outlined in January, maintaining credibility with the market. - Exploration Continuity: The start of the 18,000m drill program ensures news flow regarding resource expansion while the bulk sample provides structural and grade data. - Strategic Context: The project is now transitioning from "paper-permitting" to "shovels-in-the-ground," which typically leads to a valuation re-rating as the project moves closer to a production decision.

Galleon Gold is focused on the West Cache Gold Project in the Timmins Mining Camp, Ontario. - Flagship: West Cache (11,600 ha) located 7km from Pan American’s Timmins West Mine. - Resource: 472k oz Indicated (3.63 g/t) and 1.08M oz Inferred (2.87 g/t). - Strategy: Conduct an 86,500-tonne bulk sample to confirm grade continuity and metallurgy (98% recovery expected) before moving to a Feasibility Study.