Galantas Report Financial Results FOR the Year Ended December 31, 2025
GALANTAS GOLD CORPORATION
TSXV & AIM: Symbol GAL
GALANTAS REPORT FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2025
April 29, 2026: Galantas Gold Corporation (the ‘Company’) is pleased to announce its audited financial results for the
year ended December 31, 2025.
Financial Highlights
Highlights of the 2025 results, which are expressed in Canadian Dollars, are summarized below:
All figures denominated in Canadian Dollars
(CDN$)
Year Ended
December 31
2025 2024
Revenue $ 0 $ 0
Cost and expenses of operations $ (44,975) $ (112,568)
Loss before the undernoted $ (44,975) $ (112,568)
Depreciation $ (274,171) $ (434,912)
General administrative expenses $ (4,262,619) $ (4,611,618)
Foreign exchange gain (loss) $ 869,428 $ (561,986)
Unrealized (loss) / gain on derivative fair
value adjustment $ (540,582) $ 1,870,422
Loss on extinguishment of convertible
debentures $ (447,424) $ 0
Loss on disposal of interest in subsidiaries $ (2,885,663) $ 0
Loss on settlement of debt $ (859,495) $ 0
Reversal of Impairment of property, plant
and equipment and exploration and
evaluation assets
$ 0 $ 3,250,867
Share of loss on investment in associate $ (47,778)
Write-down of prepaid expenses $ 0 $ 888,889
Net (Loss) for the year $ (8,493,279) $ (1,488,684)
Working Capital Surplus/(Deficit) $ 8,072,100 $ (16,218,988)
Cash gain/(loss) from operating activities
before changes in non-cash working capital $ (563,042) $ (1,098,038)
Cash at December 31, 2025 $ 13,315,844 $ 525,643
Sales revenue for the year ended December 31, 2025 amounted to $ Nil compared to revenue of $ Nil for the year ended
December 31, 2024. Shipments of concentrate commenced during the third quarter of 2019. Concentrate sales provisional
revenues totalled US$ 566,000 for the year 2025 compared to US$ 853,591 for 2024. Until the mine reaches commercial
production, the net proceeds from concentrate sales are being offset against development assets.
The Net Loss for the year ended December 31, 2025 amounted to $ 8,493,279 (2024: $ 1,488,684) and the cash outflow
from operating activities before changes in non-cash working capital for the year ended December 31, 2025 amounted to
$563,042 (2024: $1,098,038).
The Company had a cash balance of $ 13,315,844 at December 31, 2025 compared to $ 525,643 at December 31, 2024.
The working capital surplus at December 31, 2025 amounted to $ 8,072,100 compared to a working capital deficit of $
16,218,988 at December 31, 2024.
Safety is a high priority for the Company and we continue to invest in safety-related training and infrastructure. The zero
LTI (lost time incident) rate since the start of underground operations continues. Environmental monitoring demonstrates
a high level of regulatory compliance.
The Financial Statements and Management Discussion and Analysis (MD&A) are available on www.sedar.com and
https://galantas.com/investors/financial-statements/ and the highlights in this release should be read in conjunction with
the detailed results and MD&A. The MD&A provides an analysis of comparisons with previous periods, trends affecting
the business and risk factors.
Qualified Person
The scientific and technical information contained in this press release was reviewed and approved by Brendan Morris
(COO), a Q ualified Person under the meaning of National Instrument 43-101. The information is based upon local
production and financial data prepared under their supervision.
SPECIAL NOTE REGARDING FORWARD -LOOKING STATEMENTS: This press release contains forward -looking
statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities laws, including revenues and cost estimates, for the Indiana Gold project. Forward-looking statements
are based on estimates and assumptions made by Galantas in light of its experience and perception of historical trends,
current conditions and expected future developments, as well as other factors that Galantas believes are appropriate in the
circumstances. Many factors could cause Galantas’ actual results, the performance or achievements to differ materially
from those expressed or implied by the forward looking statements or st rategy, including: gold price volatility;
discrepancies between actual and estimated production, actual and estimated metallurgical recoveries and throughputs;
mining operational risk, geological uncertainties; regulatory restrictions, including environm ental regulatory restrictions
and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of or
availability of key employees; additional funding requirements; uncertainties regarding planning and othe r permitting
issues; and defective title to mineral claims or property. These factors and others that could affect Galantas’s forward -
looking statements are discussed in greater detail in the section entitled “Risk Factors” in Galantas’ Management
Discussion & Analysis of the financial statements of Galantas and elsewhere in documents filed from time to time with
the Canadian provincial securities regulators and other regulatory authorities. These factors should be considered
carefully, and persons reviewin g this press release should not place undue reliance on forward -looking statements.
Galantas has no intention and undertakes no obligation to update or revise any forward -looking statements in this press
release, except as required by law.
Enquiries
Galantas Gold Corporation
Mario Stifano – CEO
Email: [email protected]
Website: www.galantas.com
Telephone: 001 416 453 8433
Grant Thornton UK LLP (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 and Broking)
Telephone: +44(0)20 3470 0470