Galloper Gold Corporate Update

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900, 885 West Georgia St.

Vancouver, B.C., V6C 3H1

778-655-9266, [email protected]

GALLOPER GOLD CORPORATE UPDATE

Vancouver, BC – August 30, 2024 – Galloper Gold Corp. ( CSE: BOOM; OTC: GGDCF )

(the “Company” or “Galloper”) is pleased to provide a corporate update as the Company continues

to advance its assets in Newfoundland.

GALLOPER ENTERS INTO AGREEMENT TO ACQUIRE ADDITIONAL MINERAL EXPLORATION

CLAMS ON GLOVER ISLAND, NEWFOUNDLAND

The Company has entered into a purchase agreement (the “ Agreement”) with a third-party vendor

(the “Vendor”) to acquire additional mining claims in Newfoundland as part of its continued exploration

efforts (the “Acquisition”).

Pursuant to the Agreement, Galloper has agreed to purchase from the Vendor four (4) exploration

licenses comprising 16 claims in Newfoundland. As consideration, Galloper will pay the Vendor an

aggregate of CAD $45,000 cash and issue to the Vendor 800,000 Galloper common shares. The

Acquisition is subject to the Canadian Securities Exchange (CSE) having no objection.

The claims are on Glover Island and are contiguous to Galloper’s current holdings at its flagship and

drill-ready Glover Island Property.

GALLOPER RETAINS DAVID KEAN FOR INVESTOR RELATIONS

Galloper has entered into an agreement with David Kean (the “Consultant”) pursuant to which the

Consultant will provide investor relations (IR) services to Galloper Gold for an initial term of seven (7)

months beginning September 1, 2024, which may be extended by mutual agreement between the

parties.

Galloper Gold will pay the Consultant a fee of $3,500 per month, plus applicable taxes. The Consultant

will also be granted stock options to purchase 100,000 common shares of Galloper Gold with an

exercise price of CAD $0.12 per share. The options will be in accordance with Galloper Gold’s stock

option plan and will expire twelve (12) months from the date of issuance.

The investor relations agreement and grant of stock options are subject to the Canadian Securities

Exchange (CSE) having no objection.

GALLOPER GOLD ANNOUNCES GRANT OF STOCK OPTIONS

Galloper announces the granting of an aggregate of 3,500,000 stock options of which 2,700,000 will

be granted to directors and officers of the Company with an exercise price of $0.12 per share and will

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expire after 5 years and shall vest immediately. A total of 800,000 stock options (including those to be

issued to the Consultant as described above) have been granted to consultants with an exercise price

of $0.12 whereby 300,000 options will expire after 24 months and 500,000 options will expire after 12

months and will be subject to vesting provisions. The stock options are subject to the policies of the

Canadian Securities Exchange, applicable securities laws and the terms of the Corporation’s equity

incentive plan.

On behalf of the Board of Directors

Mr. Mark Scott

CEO

Galloper Gold Corp.

Company Contact: [email protected], 778-655-9266

Investor Relations:

MarketSmart Communications

Tel: 877-261-4466

Acknowledgment – Newfoundland & Labrador Junior Exploration Assistance Program

Galloper Gold acknowledges the financial support of the Junior Exploration Assistance Program,

Department of Natural Resources, Government of Newfoundland and Labrador.

Galloper Gold Corp.

Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its Glover Island

and Mint Pond properties, each prospective for gold and base metals. The Glover Island Property

consists of 532 mining claims totaling 13,300 hectares while Mint Pond consists of 499 claims totaling

12,475 hectares.

For more information please visit www.GalloperGold.com and the Company’s profile on SEDAR+ at

www.sedarplus.ca.

Forward Looking Statements

This news release contains forward -looking statements within the meaning of applicable securities

laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”,

“may”, “will”, “project”, “should”, “predict”, “potenti al” and similar expressions are intended to identify

forward looking statements. Although the Company believes that the expectations and assumptions

on which the forward -looking statements are based are reasonable, undue reliance should not be

placed on the forward-looking statements because the Company cannot give any assurance that they

will prove correct. Since forward-looking statements address future events and conditions, they involve

inherent assumptions, risks and uncertainties. Forward looking statements in this news release include

statements regarding the proposed property purchase transaction and acquisition of additional claims,

the provision of IR services by the Consultant, and the grant of stock options. Actual results could

differ materially from those currently anticipated due to a number of assumptions, factors and risks ,

including the risk that the property purchase transaction may not be completed as expected or at all,

or that the option grants may vary . These assumptions and risks include, but are not limited to,

assumptions and risks associated with mineral exploration generally, risks related to capital markets,

risks related to the state of financial markets or future metals prices and the other risk s described in

the Company’s publicly filed disclosure.

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Management has provided the above summary of risks and assumptions related to forward -looking

statements in this news release in order to provide readers with a more comprehensive perspective

on the Company’s future operations. The Company’s actual results , performance or achievement

could differ materially from those expressed in, or implied by, these forward -looking statements and,

accordingly, no assurance can be given that any of the events anticipated by the forward -looking

statements will transpire or occur, or if any of them do so, what benefits the Company will derive from

them. These forward-looking statements are made as of the date of this news release, and, other than

as required by applicable securities laws, the Company disclaims any intent or obligation to update

publicly any forward -looking statements, whether as a result of new information, future events or

results or otherwise.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts

responsibility for the adequacy or accuracy of this release.