Galantas GOLD to Acquire 20,000 Tpd Crushing Plant FOR Andacollo GOLD Project, Chile

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GALANTAS GOLD TO ACQUIRE 20,000 TPD CRUSHING PLANT FOR ANDACOLLO GOLD

PROJECT, CHILE

▪ MAJOR MILESTONE SIGNIFICANTLY ADVANCES PROJECT EXECUTION AND

REDUCES RESTART CAPITAL

Toronto, Ontario – July 13, 2026 – Galantas Gold Corporation (“Galantas” or the

“Company”) (TSX-V: GAL | AIM: GAL | OTC PINK: GALKF) announces that it has entered into

a binding agreement to acquire a complete three -stage crushing plant and associated

agglomeration plant equipment located in Mexico for installation at its 100% -owned Andacollo

Gold Project in Chile , for total consideration of US$4.2 million. Completion remains subject to

execution of a definitive asset purchase agreement and satisfaction of customary conditions,

including regulatory, corporate, export, import and other third-party approvals.

The crushing plant is designed for a nominal throughput capacity of approximately 20,000 tonnes

per day and is reported by the seller to be in good operating condition, subject to Galantas’

ongoing technical, legal and title due diligence. The acquisition represents a significant milestone

in the Company’s restart strategy and forms a key component of the planned development of the

Andacollo Gold Project.

To execute the relocation of the plant , Galantas has appointed M3 Engineering & Technology

Corporation (“M3”), an internationally recognized engineering firm with extensive experience in

the design, construction and delivery of large mining projects throughout the Americas. M3 has

commenced the detailed engineering and project execution activities, including plant

documentation, disassembly planning, logistics, transportation engineering, and preparation for

reassembly and commissioning in Chile.

With the crushing facility now secured, t he Company expects gold production at Andacollo Gold

to commence in Q1 2027.

Mario Stifano, CEO of Galantas, commented: “This acquisition is another major execution

milestone for Galantas and materially advances the development of the Andacollo Gold Project.

Securing a high -quality, proven crushing plant significantly reduces project execution risk,

shortens the development schedule and represents substantial capital savings compared with

constructing a new crushing facility. Together with our engineering partners at M3, we have now

transitioned from project planning into active execution.”

Robert Sedgemore, SVP of Operations of Galantas, continued: “Our project execution team is

now fully mobilized at Andacollo Gold. Engineering has commenced, procurement activities are

accelerating, site infrastructure work is progressing, and we continue to advance the permitting,

construction and operational readiness programs required to bring Andacollo Gold back into

production.”

Project Execution Underway

Galantas has assembled an experienced technical, engineering and operations team to lead

execution of the restart program. Current activities include:

▪ Detailed engineering for crushing plant relocation and installation

▪ Site preparation and infrastructure upgrades

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▪ Procurement and contracting for key project work packages

▪ Operational readiness planning

▪ Mine planning and development activities

▪ Recruitment and expansion of the Chilean operating team

▪ Advancement of environmental, permitting and regulatory activities

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Figure 1. Photos of the three-stage crushing plant being acquired by Galantas

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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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.

Enquiries

Galantas Gold Corporation

Mario Stifano: Chief Executive Officer

Email: [email protected]

Website: www.galantas.com

Telephone: +1 416-848-7744

Grant Thornton UK 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