Galantas GOLD Secures the Last Key Permitting Approval FOR Andacollo GOLD Project
GALANTAS GOLD SECURES THE LAST KEY PERMITTING APPROVAL FOR
ANDACOLLO GOLD PROJECT
Toronto, Ontario – August 20, 2026 – Galantas Gold Corporation (TSX-V: GAL | AIM: GAL)
(“Galantas” or the “Company”) is pleased to announce that Chile's National Geology and Mining
Service, the Servicio Nacional de Geología y Minería ("SERNAGEOMIN") , has approved the
amendment related to the operational reactivation of the Ripios Dumps (leach waste dumps) at
the Andacollo Gold Project (the “Project”) in Chile's Coquimbo Region . The other key permitting
approvals have been received and were announced on August 6, 2026 (see news release).
This approval extends the validity of the permit originally granted and authorizes continued
operation of the Ripios Dumps VII, VIII, and IX facilities under the same technical, operational,
environmental, and safety conditions previously approved by SERNAGEOMIN. The approval
recognizes that, following the prolonged suspension of activities since 2016, the Ripios Dumps
retain significant remaining capacity, with approximately 16.4 million tonnes of authorized capacity
remaining, equivalent to 81% of the total approved capacity.
Galantas now has all the key regulatory approvals required to resume operations at the Project
under the previously approved mine design, waste -disposal configuration, heap -leach facilities,
operating parameters and safety conditions . The authorized operating period extends for four
years from the commencement of mineral extraction, or until the applicable remaining authorized
tonnage or capacity is reached, whichever occurs first.
The Company continues to advance engineering, procurement, infrastructure rehabilitation,
contractor planning and operational -readiness activities at the Project . The Company also
continues to prioritize local employment, contractor participation, training and procurement
opportunities in the town of Andacollo and is working with authorities and community stakeholders
to support an orderly and responsible restart.
Cautionary Note: The Company has not made a production decision in respect of the Project.
Any decision to restart production will be subject to, among other things, completion of further
technical, operational and financial review, availability of financing, completion of installation,
rehabilitation and commissioning activities, receipt of any remaining approvals required at the
relevant time, and formal approval by the Company’s board of directors.
Qualified Person Statement
The scientific and technical information in this news release has been reviewed and approved by
Dorian L. (Dusty) Nicol, a qualified person for the purposes of NI 43-101. Mr. Nicol is a shareholder
of the Company and acts as a special advisor on exploration to the Company.
About Galantas Gold Corporation
Galantas Gold Corporation is a publicly traded gold and copper company focused on the
acquisition, development, and advancement of gold and copper assets in stable mining
jurisdictions. The Company is currently advancing the development of the Indiana Project and the
Andacollo Gold Project in Chile. Galantas’ strategy is to build long-term shareholder value through
disciplined capital allocation, technically rigorous project evaluation, and responsible development
of high-quality mineral assets.
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Enquiries
Galantas Gold Corporation
Mario Stifano: Chief Executive Officer
Email: [email protected]
Website: www.galantas.com
Telephone: +1 416-848-7744
Grant Thornton UK Advisory & Tax LLP (AIM Nomad)
Philip Secrett, Harrison Clarke, Elliot Peters
Telephone: +44(0)20 7383 5100
SP Angel Corporate Finance LLP (AIM Broker)
David Hignell, Charlie Bouverat (Corporate Finance)
Grant Barker (Sales & Brokering)
Telephone: +44(0)20 3470 0470
Cautionary Statement Regarding Forward-Looking Information
This news release contains forward-looking information and forward-looking statements within the
meaning of applicable Canadian securities laws (collectively, “forward -looking information”).
Forward-looking information is generally identifiable by the use of words such as “anticipate”,
“believe”, “expect”, “intend”, “may”, “plan”, “will”, “would”, “could”, “should”, “estimate”, “forecast”,
“potential”, “continue” and similar expressions, although not all forward -looking information
contains these identifying words. Forward-looking information in this news release includes, but is
not limited to, statements regarding the Company’s plans and expectations for the Project,
including the anticipated benefits of the SERNAGEOMIN approval, the potential restart of
operations, the authorized operating period and remaining authorized capacity of the Ripios
Dumps, ongoing operational-readiness activities, the availability of financing, and the receipt and
maintenance of required approvals, permits and authorizations.
Forward-looking information is based on the Company’s current expectations, estimates,
projections, assumptions and beliefs, including assumptions regarding the continued validity of
applicable regulatory approvals, the Company’s ability to complete furthe r technical, operational
and financial review, the availability of financing on acceptable terms, the accuracy of capacity
estimates, and the Company’s ability to complete operational -readiness and development plans
as contemplated.
Forward-looking information involves known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to differ materially from those
expressed or implied by such information. These risks and uncertainties include, among others,
permitting, regulatory, financing, development, construction, operating, technical, environmental
and safety risks; risks relating to the timing and cost of restart activities; commodity price and
exchange rate volatility; uncertainties inherent in mineral resource estimates and mineral project
development; general economic, market and business conditions; and the risks described in the
Company’s public disclosure documents filed under the Company’s profile on SEDAR+ and on
the London Stock Exchange website.
Readers are cautioned not to place undue reliance on forward -looking information. The forward-
looking information contained in this news release is made as of the date of this news release and,
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except as required by applicable securities laws, the Company undertakes no obligation to update
or revise any forward-looking information, whether as a result of new information, future events or
otherwise.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release. The Company is
admitted to trading on AIM and accordingly, further disclosure on the matter can be found on the
Company’s profile on the London Stock Exchange website.
The information contained within this announcement is deemed to constitute inside information as
stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014
(the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
The information is disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is now considered to
be in the public domain.