Galloper Closes Acquisition of Gold-Mineralized Exploration Claims

Executive Summary

• Galloper Gold Corp. completed the acquisition of four additional claims (one mineral licence) on Glover Island, Newfoundland, expanding its land package to 122 km².
• The newly acquired licences add surface mineralization up to 11.5 g/t Au and extend the Lucky Smoke strike length by ~400 m, with historic drill intercepts of up to 18.79 g/t Au.
• Consideration consisted of a lump‑sum cash payment plus a 1 % Net Smelter Return (NSR) and a $250,000 buyback provision for the vendor.

Key Details

• Acquisition Scope: Four claims consolidated into one mineral licence adjacent to existing Galloper holdings on Glover Island.
• Compensation: Vendor received a lump‑sum cash payment, a 1 % NSR on future production from the acquired area, and a $250,000 buyback right.
• Land Position: Post‑acquisition, Galloper’s mineral lands on Glover Island total 122 km² (12,200 ha) across 477 claims in 15 licences.
• Surface Sampling: Historic trenching at Keystone and Jacomar prospects returned up to 11.5 g/t Au in channel samples.
• Drill History: Lucky Smoke prospect was drilled in 2024 with intercepts as high as 18.79 g/t Au; the new licence adds ~400 m of strike length to this zone.
• Geological Context: The acquisition enhances continuity along the Tomahawk‑Lucky Smoke‑Keystone‑Jacomar mineralized corridor, linking to the 178,800 oz Au (43‑101 compliant) Lunch Pond South Extension resource awarded in July 2025.
• Strategic Rationale: CEO Hratch Jabrayan highlighted that the added claims increase the value of Galloper’s portfolio and support its strategy to deliver growing shareholder value through expanded gold and base‑metal resources.

Notable Quotes

“The acquisition of the historic mineral claims hosting the Keystone and Jacomar prospects adds significant value to the company… The known surficial mineralization of Galloper Gold's Lucky Smoke deposit on Glover Island has been extended by 400 m.” – Hratch Jabrayan, CEO & Director