Galloper begins geophysics program for Glover Island

Executive Summary

• Galloper Gold Corp. has initiated a geophysical exploration evaluation program on its Glover Island property, scheduled to begin in 2026.
• The program involves modernizing decades of historic geophysical data and evaluating magnetics, VTEM, and induced polarization data to identify new targets.
• The initiative aims to establish a technical foundation for a Phase 2 geophysical program and shape the 2026 drilling strategy by identifying high-merit mineralization targets.

Key Details

• Program Scope: Multiphase geophysical exploration evaluation on Glover Island.
• Timeline: Program begins in 2026.
• Data Modernization: Upgrading historic exploration geophysical data into a modern framework using modern modelling techniques.
• Data Evaluation: Evaluation of magnetics, VTEM (Very Low Frequency Electromagnetic), and induced polarization data within a geospatial framework.
• Target Focus: Historic prospects, the LPSE resource, and untested areas.
• Strategic Outcome: Prioritization of new geophysical targets for Phase 2, which will inform the 2026 drilling program and focused exploration strategy.
• Qualified Person: Bryan Sparrow, PGeo, Vice-President of Exploration, reviewed and approved the technical information under National Instrument 43-101 standards.
• Property Details: Glover Island exploration project in central Newfoundland, comprising 466 mining claims on 13 mineral licences covering 116.6 square kilometres (11,660 hectares).
• Historic Context: Historic exploration efforts produced the LPSE resource, which is wholly controlled by Galloper Gold.

Notable Quotes

• "Galloper is excited to develop its geophysical program on Glover Island. This allows for a rich history of exploration geophysical data on the island to be evaluated and normalized using modern techniques. This will develop the technical foundation for Galloper Gold to generate a phase 2 geophysical program, which will shape the 2026 drilling program with mineralization targets of high merit and informs with a focused exploration strategy." — Hratch Jabrayan, Chief Executive Officer