Galantas Report Financial Results For The Year Ended December 31, 2025

• Galantas Gold Corporation released audited financial results for the fiscal year ended December 31, 2025.
• The company reported a net loss of $8.49 million CAD, an increase from $1.49 million in 2024.
• Cash position improved significantly to $13.3 million CAD at year-end compared to $0.5 million in 2024.
• Working capital moved from a deficit of $16.2 million in 2024 to a surplus of $8.1 million in 2025.
• Operating cash flow outflow narrowed to $0.56 million CAD compared to $1.1 million in the prior year.
• The company maintained zero Lost Time Incident (LTI) rate since underground operations began.
• Financial drivers included a loss on disposal of interest in subsidiaries ($2.89 million) and debt settlement losses ($0.86 million).
• Eric Sprott exercised 39 million warrants in April 2026, increasing his stake to approximately 19.9%.
• The Andacollo Oro Gold Project acquisition remains pending TSXV and minority shareholder approvals with closing expected Q2 2026.

• The earnings release confirms the liquidity position established during the December 2025 financing ($15.5 million gross proceeds).
• The increase in net loss is largely attributable to one-time transaction costs related to acquisitions and debt settlements rather than operational inefficiency.
• The cash surplus of $8.1 million working capital indicates the company can fund the Andacollo closing payments without immediate distress.
• Sprott's warrant exercise validates insider confidence but does not constitute new capital raising, as these warrants were issued in December 2025.
• The news is consistent with previous expectations set by the January acquisition announcement and December financing; no unexpected surprises are present.
• Market reaction has been muted (price flat at $0.23 since Jan 6) suggesting the information was already priced into the stock following the acquisition news.

• Galantas Gold Corporation is a Canadian mining company focused on gold projects in Chile, Northern Ireland, and Scotland.
• Flagship Project 1: Andacollo Oro Gold Project (Chile) - Past-producing open-pit heap leach mine with historical resources of 7.08 million ounces Au.
• Flagship Project 2: Indiana Gold-Copper Project (Chile) - Inferred resource of 355,516 oz Au and 64,690 tonnes Cu; drilling program commenced March 2026.
• Flagship Project 3: Omagh Gold Project (Northern Ireland) - Underground development project with JV partner Ocean Partners holding 80% interest.
• Strategic Focus: Accelerating development of Chilean assets while managing UK projects through joint ventures to reduce capital burden.