Galloper Delivers New 2026 Mineral Resource Estimate for LPSE Deposit on Glover Island

• On April 7, 2026 Galloper Gold Corp. released a NI 43‑101 compliant 2026 Mineral Resource Estimate for its 100%‑owned Lunch Pond South Extension (LPSE) deposit on Glover Island.
• Indicated resources rose to 3.124 Mt at 1.20 g/t Au (121 koz Au), up +2.095 Mt / +62 koz from the prior estimate.
• Inferred resources rose to 6.692 Mt at 1.02 g/t Au (219 koz Au), up +4.616 Mt / +99 koz.
• The estimate uses a US$3,500/oz gold price (vs. historic US$1,210/oz) and updated cost assumptions (95% recovery, C$32/t processing, etc.).
• Modeling employed Leapfrog wireframes, variography, 2.5 m³ block model and NPV Scheduler™ pit optimization.
• The effective date is April 6, 2026; a full technical report will be filed within 45 days.

• The release fulfills the February 17, 2026 announcement that an updated MRE would be completed in Q2 2026.
• Compared with the historic 2017 resource (≈0.99 Mt indicated @1.72 g/t and 1.70 Mt inferred @1.59 g/t), the new estimate more than triples indicated tonnage and quadruples inferred tonnage, despite a lower cut‑off (0.25 g/t) reflecting the higher gold price assumption.
• The increase of +161 koz Au (combined indicated+inferred) represents a substantial uplift in net asset value for a micro‑cap explorer.
• No material downside or missed expectations are evident; the news exceeds prior guidance and is therefore material‑positive.
• While the upgrade is significant, there is no indication of strategic investor participation (e.g., Sprott, Lundin) that would elevate it to a “game changer” rating.

Galloper Gold Corp. is a junior explorer focused on the Central Newfoundland Gold Belt. Its flagship asset is the Glover Island Property (116.6 km², 13 mineral licences, 466 mining claims) hosting the Lunch Pond South Extension (LPSE) gold deposit and numerous additional prospects along the Glover Island Trend. The LPSE deposit has historically been defined by open‑pit and underground mineralization; the updated 2026 resource expands both tonnage and contained ounces using a markedly higher gold price assumption.