Galloper closes $2.5-million private placement

Mr. Hratch Jabrayan reports GALLOPER GOLD CLOSES $2.5M NON-BROKERED PRIVATE PLACEMENT Further to the news releases of Jan. 13, 2026, and Feb. 2, 2026, Galloper Gold Corp. has closed its non-brokered private placement, issuing 41,666,667 units of the company at a price of six cents per unit, raising aggregate gross proceeds of $2.5-million. Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable to purchase one additional common share at a price of nine cents until Feb. 9, 2029. Hratch Jabrayan, chief executive officer of the company, commented: "We are thrilled to have closed this private placement in such a short period of time with unprecedented support from our investors and partners. We are now in a very strong position to commence and deliver on our 2026 plan. Our strategic deliverables are set, and we look forward to communicating details and results in the near future." The company paid finders' fees totalling $31,184.85 in cash to Haywood Securities Inc., Ventum Financial Corp., Research Capital Corp., Canaccord Genuity Corp. and BMO Nesbitt Burns Inc. All securities issued under the private placement will be subject to statutory hold periods pursuant to securities laws in Canada, including the statutory restricted period prescribed by Section 2.5 of National Instrument 45-102 (Resale of Securities), and are subject to the exchange hold (as defined under Canadian Securities Exchange Policy 1 (Interpretation and General Provisions), which definition became effective May 22, 2025)), required in certain circumstances in accordance with Policy 6 (Distributions and Corporate Finance) of the Canadian Securities Exchange. The company intends to use the net proceeds from the private placement for the commencement of the company's 2026 exploration program and for general working capital purposes. About Galloper Gold Corp. Galloper is focused on mineral exploration in the central Newfoundland gold belt with its flagship Glover Island property, 24 kilometres southeast of Corner Brook. We seek Safe Harbor.