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GAU.TO ·

Independent Proxy Advisory Firms Recommend That Galiano GOLD Inc.’S Shareholders Vote FOR All Resolutions at the Upcoming Annual Meeting of Shareholders

Shareholder Meetings

(All dollar amounts are United States dollars unless otherwise stated)

INDEPENDENT PROXY ADVISORY FIRMS RECOMMEND THAT

GALIANO GOLD INC.’S SHAREHOLDERS VOTE FOR ALL

RESOLUTIONS AT THE UPCOMING ANNUAL MEETING OF

SHAREHOLDERS

Vancouver, British Columbia, May 18, 2023 – Galiano Gold Inc. (“Galiano” or the “Company”)

(TSX, NYSE American: GAU) is pleased to announce that Institutional Shareholder Services Inc. (“ ISS”)

and Glass Lewis and Co., LLC (“ Glass Lewis”) have both recommended that Galiano’s shareholders vote

FOR all the proposed resolutions that will be considered at the Company’s annual general meeting of

shareholders (the “Meeting”) which will held virtually on Wednesday June 1, 2023 at 10:00 a.m. (Pacific

Time).

ISS and Glass Lewis are two leading independent proxy advisory firms that, among other services, provide

voting recommendations to pension funds, investment managers, mutual funds and other institutional

shareholders.

Galiano Gold Inc.’s Annual General Meeting of Shareholders

The Meeting will be held online at https://meetnow.global/MD5KHZ for the following purposes:

(i) fix the number of directors to be elected at six;

(ii) elect directors of the Company for the ensuing year;

(iii) approve the Amended Share Option Plan;

(iv) approve the unallocated entitlements under the Share Option Plan;

(v) approve the Amended Share Unit Plan;

(vi) approve the unallocated entitlements under the Share Unit Plan;

(vii) appoint the auditor of the Company for the ensuing year and to authorize the directors to fix

their remuneration; and

(viii) authorize and approve a non‐binding advisory resolution accepting the Company’s approach

to executive compensation.

Galiano shareholders are encouraged to read the meeting materials in detail and cast their votes prior

to the proxy voting deadline. Copies of the meeting materials are available under Galiano’s profile on

SEDAR at www.sedar.com and under the “Investors” section on Galiano’s website at

www.galianogold.com/investors/annual‐meeting

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YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAY

The Board of Directors UNANIMOUSLY recommends that shareholders vote FOR all proposed

resolutions that will be considered at the Meeting.

Submit your vote well in advance of the proxy voting deadline at 10:00 a.m. (Pacific Time) on Tuesday

May 30, 2023.

How to vote

Galiano shareholders can vote their shares using the following methods:

Voting for Registered Shareholders (shares represented by a physical certificate or DRS Statement)

• Internet – Go to www.investorvote.com, enter your 15‐digit control number found on your form of proxy

and vote your shares.

• Telephone – Call 1‐866‐732‐8683, enter your 15‐digit control number and follow the interactive voice

control instructions to vote your shares.

Voting for Non-Registered/Beneficial Shareholders (shares held with a broker, bank or other intermediary)

• Internet – Go to www.proxyvote.com, enter your 16‐digit control number found on your voting

instruction form and vote your shares.

• Telephone – Call 1‐800‐474‐7493, enter your 16‐digit control number and follow the interactive voice

control instructions to vote your shares.

Shareholder Questions:

Shareholders who have any questions or require assistance with voting may contact Galiano’s proxy

solicitation agent:

Laurel Hill Advisory Group

Toll Free: 1‐877‐452‐7184

International: +1 416‐304‐0211 outside Canada and the US

By Email: [email protected]

About Galiano Gold Inc.

Galiano is focused on creating a sustainable business capable of value creation for all stakeholders through

production, exploration and disciplined deployment of its financial resources. The Company operates and

manages the Asanko Gold Mine, which is located in Ghana, West Afr ica, and jointly owned with Gold

Fields. Galiano is committed to the highest standards for environmental management, social

responsibility, and the health and safety of its employees and neighbouring communities. For more

information, please visit www.galianogold.com.

Enquiries:

Krista Muhr

Toll‐Free (N. America): 1‐855‐246‐7341

Telephone: 1‐778‐239‐0446

Email: [email protected]