Galiano GOLD Provides Nkran Drilling Update

GALIANO GOLD PROVIDES NKRAN

DRILLING UPDATE

VANCOUVER, BC, Aug. 25, 2022 /CNW/ - Galiano Gold Inc.

("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU)

is pleased to provide an update of drilling results at Nkran following

the completion of an infill drilling program at the Asanko Gold Mine

("AGM"), located in Ghana. The AGM is a 50:50 joint venture ("JV")

with Gold Fields Ltd (JSE, NYSE: GFI), with the JV managed and

operated by Galiano.

Effective February 28, 2022, Nkran has a Mineral Resource Estimate

of 12.1 Mt at 2.09 g/t for 814 kozs indicated and 1.3 Mt at 2.23 g/t for

96 kozs inferred. The 2022 infill drilling program was designed to

enhance confidence in the indicated Mineral Resource and explore for

potential extensions of mineralization at Nkran.

Drilling has intercepted several high-grade intervals within and below

the resource shell as described in National Instrument 43-101

Technical Report for the Asanko Gold Mine, Ashanti Region, Ghana,

effective date February 28, 20221 and confirms continuity of

mineralization within areas where higher levels of confidence were

warranted. Results are currently being incorporated into an updated

Mineral Resource Estimate which is expected to support an updated

Mineral Reserve Estimate anticipated in Q1 2023.

Nkran Infill Drilling Highlights

24 diamond drill holes totalling 8,116m have been drilled at Nkran in

2022. Highlighted intercepts include:

• Hole NKDD22-100: 16 meters @ 47.3 g/t gold from 13.6m and

41 meters @ 3.0 g/t gold from 135.4m

• Hole NKDD22-099: 11 meters @ 27.6 g/t gold from 259m

• Hole NKDD22-083: 49 meters @ 3.4 g/t gold from 261.7m and

58.50 meters @ 3.5 g/t gold from 336m

• Hole NKDD22-086: 16 meters @ 5.4 g/t gold from 191m

• Hole NKDD22-080: 45 meters @ 2.3 g/t gold from 107m

• Hole NKDD22-105: 8 meters @ 10.4 g/t gold from 109m

• Hole NKDD22-106: 59 meters @ 2.7 g/t gold from 330m

Nkran Overview (See Table 1 for full drilling results)

The Nkran pit is located immediately adjacent to the 5.8 million tonne

per annum processing plant, and has historically yielded the highest

average mined grades on the Asankrangwa Belt and contributed

significant cash flows to the AGM. During the mining of cut 2, Nkran

produced 15.2M tonnes at 1.63 g/t and reported metallurgical

recoveries of 94%.

"We are encouraged by these results which demonstrate the

continuity of high-grade mineralization below the previously mined

portions of the Nkran deposit," said Matt Badylak President and Chief

Executive Officer. "This deposit has historically yielded significant

cash flows due to its proximity to the processing plant, elevated grade

profile and favourable metallurgy. It is important to note that

mineralization extends below the current resource shell and remains

open at depth. Going forward, we anticipate Nkran to be a key deposit

in our upcoming Life of Mine Plan and are excited to incorporate these

latest drilling results into an updated Technical Report scheduled for

release in Q1 2023."

Nkran Geology and Cross Sections

The Nkran geological setting is typical of the Asankrangwa belt with a

sedimentary sequence of interlayered shale, siltstone, and sandstone.

Two granitic bodies intrude along shear zones that control

mineralization which dips steeply to the northwest along with the

sheared host stratigraphy.

Figure 1: Plan view of Nkran as built pit with geology, 2022 infill drilling

locations, significant intercepts and cross section locations. (CNW

Group/Galiano Gold Inc.)

Figure 2: Cross Section 700551 showing holes NKDD22-091 and

NKDD22-100 illustrating significant high-grade intercepts immediately

below the as built Nkran pit, within and below the resource shell.

Location of section in plan view shown above section. (CNW

Group/Galiano Gold Inc.)

Figure 3: Section 700527 showing holes NKDD22-078 and NKDD22-

083 illustrating continuation of mineralization well below the resource

shell. (CNW Group/Galiano Gold Inc.)

Figure 4: Section 700487 showing holes NKDD22-080 and NKDD2-

081 (CNW Group/Galiano Gold Inc.)

Figure 5: Cross section 700460 showing holes NKDD22-078 and

NKDD22-083 illustrating continuation of significant high-grade

mineralization to depth. Location of section in plan view shown above

section. (CNW Group/Galiano Gold Inc.)

Figure 6: Section 700413 showing holes NKDD22-079 and NKDD22-

103 illustrating further zones of mineralization within and below the

resource shell. Location of section in plan view shown above section.

(CNW Group/Galiano Gold Inc.)

Figure 7: Cross section 700371 showing hole NHDD22-106 illustrates

continuation of mineralization at depth along strike moving south away

from centre of the Nkran pit and below the resource shell. Location of

section in plan view shown above section. (CNW Group/Galiano Gold

Inc.)

Figure 8: Section 700330 showing holes NKDD22-099 and NKDD-102

illustrating continuation of mineralization towards southern end of

Nkran pit at and below the resource shell. Location of section in plan

view shown above section. (CNW Group/Galiano Gold Inc.)

Table 1. Intercepts for 2022 Nkran infill drilling 2,3,4

Hole ID From (m) To (m) Width (m)

Grade

(g/t Au) Intercept Description

NKDD22-077 927.9 936.15 8.25 1.2 8.25m @ 1.2 g/t

NKDD22-077 945 960 15 1.7 15.00m @ 1.7 g/t

NKDD22-077 965 973.2 8.2 2 8.20m @ 2.0 g/t

NKDD22-077 977 981 4 0.8 4.00m @ 0.8 g/t

NKDD22-077 1004 1014 10 1.5 10.00m @ 1.5 g/t

NKDD22-078 1 3 2 1.1 2.00m @ 1.1 g/t

NKDD22-078 17 27 10 5.7 10.00m @ 5.7 g/t

NKDD22-078 31 35 4 2.3 4.00m @ 2.3 g/t

NKDD22-078 52 54 2 0.6 2.00m @ 0.6 g/t

NKDD22-078 66 86 20 1.5 20.00m @ 1.5 g/t

NKDD22-078 91 112 21 2 21.00m @ 2.0 g/t

NKDD22-078 116 137 21 1.8 21.00m @ 1.8 g/t

NKDD22-078 142 151 9 2.6 9.00m @ 2.6 g/t

NKDD22-078 159 171 12 1.7 12.00m @ 1.7 g/t

NKDD22-079 15 19 4 1.2 4.00m @ 1.2 g/t

NKDD22-079 46.8 57 10.2 2 10.20m @ 2.0 g/t

NKDD22-079 91.6 96 4.4 5.2 4.40m @ 5.2 g/t

NKDD22-079 100 120.7 20.7 1.5 20.70m @ 1.5 g/t

NKDD22-079 145.4 176 30.6 2.5 30.60m @ 2.5 g/t

NKDD22-080 73 75 2 0.6 2.00m @ 0.6 g/t

NKDD22-080 90.72 98.75 8.03 0.8 8.03m @ 0.8 g/t

NKDD22-080 107 152.3 45.3 2.3 45.30m @ 2.3 g/t

NKDD22-080 157.15 161 3.85 1.6 3.85m @ 1.6 g/t

NKDD22-080 165.2 176 10.8 4 10.80m @ 4.0 g/t

NKDD22-080 219 222.6 3.6 0.4 3.60m @ 0.4 g/t

NKDD22-081 29.7 75 45.3 1.5 45.30m @ 1.5 g/t

NKDD22-081 91 94 3 0.9 3.00m @ 0.9 g/t

NKDD22-081 161 172 11 1.8 11.00m @ 1.8 g/t

NKDD22-081 204 207 3 3.3 3.00m @ 3.3 g/t

NKDD22-081 215.3 217.8 2.5 4.3 2.50m @ 4.3 g/t

NKDD22-083 55.9 66.3 10.4 1.1 10.40m @ 1.1 g/t

NKDD22-083 73 88 15 1.4 15.00m @ 1.4 g/t

NKDD22-083 102 106 4 0.9 4.00m @ 0.9 g/t

NKDD22-083 114 124 10 0.6 10.00m @ 0.6 g/t

NKDD22-083 129 131 2 0.8 2.00m @ 0.8 g/t

NKDD22-083 157 162 5 0.5 5.00m @ 0.5 g/t

NKDD22-083 207.6 213 5.4 4.6 5.40m @ 4.6 g/t

NKDD22-083 221 224 3 3 3.00m @ 3.0 g/t

NKDD22-083 230 238 8 1.6 8.00m @ 1.6 g/t

NKDD22-083 242 256 14 1.7 14.00m @ 1.7 g/t

NKDD22-083 261.7 310.6 48.9 3.4 48.90m @ 3.4 g/t

NKDD22-083 315 330 15 1.4 15.00m @ 1.4 g/t

NKDD22-083 336 394.5 58.5 3.5 58.50m @ 3.5 g/t

NKDD22-083 400 402 2 0.7 2.00m @ 0.7 g/t

NKDD22-083 408.1 411.6 3.5 0.5 3.50m @ 0.5 g/t

NKDD22-083 415 428.4 13.4 0.8 13.40m @ 0.8 g/t

NKDD22-083 442.4 453 10.6 0.9 10.60m @ 0.9 g/t

NKDD22-084 71.36 75.25 3.89 3.8 3.89m @ 3.8 g/t

NKDD22-084 86 93 7 2.3 7.00m @ 2.3 g/t

NKDD22-084 101.18 107.65 6.47 1.8 6.47m @ 1.8 g/t

NKDD22-084 115.7 120 4.3 2.4 4.30m @ 2.4 g/t

NKDD22-084 124 128.45 4.45 1.2 4.45m @ 1.2 g/t

NKDD22-084 170 175 5 1.4 5.00m @ 1.4 g/t

NKDD22-084 183 188 5 1.4 5.00m @ 1.4 g/t

NKDD22-084 201.91 206 4.09 2.7 4.09m @ 2.7 g/t

NKDD22-084 211.77 224 12.23 3.9 12.23m @ 3.9 g/t

NKDD22-086 55.65 62 6.35 1.2 6.35m @ 1.2 g/t

NKDD22-086 66.5 81.2 14.7 0.8 14.70m @ 0.8 g/t

NKDD22-086 87 97.5 10.5 1.3 10.50m @ 1.3 g/t

NKDD22-086 102 106 4 3.7 4.00m @ 3.7 g/t

NKDD22-086 112 121 9 2.4 9.00m @ 2.4 g/t

NKDD22-086 124.68 136.86 12.18 3.3 12.18m @ 3.3 g/t

NKDD22-086 145.3 149 3.7 1.6 3.70m @ 1.6 g/t

NKDD22-086 154 159 5 1.9 5.00m @ 1.9 g/t

NKDD22-086 168 170 2 1 2.00m @ 1.0 g/t

NKDD22-086 181 186 5 4.4 5.00m @ 4.4 g/t

NKDD22-086 191 207 16 5.4 16.00m @ 5.4 g/t

NKDD22-088 166 170 4 0.6 4.00m @ 0.6 g/t

NKDD22-088 184 191 7 0.7 7.00m @ 0.7 g/t

NKDD22-088 203.9 218.57 14.67 1.1 14.67m @ 1.1 g/t

NKDD22-088 258 268.86 10.86 0.7 10.86m @ 0.7 g/t

NKDD22-089 44 57.2 13.2 1.2 13.20m @ 1.2 g/t

NKDD22-089 63 65 2 6.5 2.00m @ 6.5 g/t

NKDD22-089 72.82 77 4.18 0.8 4.18m @ 0.8 g/t

NKDD22-089 98 103 5 1.1 5.00m @ 1.1 g/t

NKDD22-089 107 111 4 3.2 4.00m @ 3.2 g/t

NKDD22-089 164 170 6 1.2 6.00m @ 1.2 g/t

NKDD22-089 180 183 3 2.6 3.00m @ 2.6 g/t

NKDD22-089 197 205.2 8.2 1 8.20m @ 1.0 g/t

NKDD22-089 214 219 5 1 5.00m @ 1.0 g/t

NKDD22-089 229.4 234 4.6 0.6 4.60m @ 0.6 g/t

NKDD22-089 241.2 257 15.8 2.6 15.80m @ 2.6 g/t

NKDD22-089 289 303.2 14.2 1.7 14.20m @ 1.7 g/t

NKDD22-089 327 336.15 9.15 1.2 9.15m @ 1.2 g/t

NKDD22-091 124 142 18 2.7 18.00m @ 2.7 g/t

NKDD22-091 166 173 7 0.7 7.00m @ 0.7 g/t

NKDD22-091 180 183 3 3.6 3.00m @ 3.6 g/t

NKDD22-091 202 204 2 1.4 2.00m @ 1.4 g/t

NKDD22-091 208 237.5 29.5 1 29.50m @ 1.0 g/t

NKDD22-091 242.5 263.3 20.8 1.1 20.80m @ 1.1 g/t

NKDD22-091 266.8 272.7 5.9 1.3 5.90m @ 1.3 g/t

NKDD22-091 278.7 336.4 57.7 3.4 57.70m @ 3.4 g/t

NKDD22-091 432 435.3 3.3 0.7 3.30m @ 0.7 g/t

NKDD22-092 63 66 3 1 3.00m @ 1.0 g/t

NKDD22-092 89.5 94 4.5 1.9 4.50m @ 1.9 g/t

NKDD22-092 140 142 2 0.9 2.00m @ 0.9 g/t

NKDD22-092 154 166 12 0.9 12.00m @ 0.9 g/t

NKDD22-092 172 176.9 4.9 1 4.90m @ 1.0 g/t

NKDD22-092 189.84 211.65 21.81 5 21.81m @ 5.0 g/t

NKDD22-092 215.4 234 18.6 1 18.60m @ 1.0 g/t

NKDD22-092 240 242 2 2.9 2.00m @ 2.9 g/t

NKDD22-092 249 252 3 1.7 3.00m @ 1.7 g/t

NKDD22-092 282 284.2 2.2 1.7 2.20m @ 1.7 g/t

NKDD22-092 318.6 324.2 5.6 1.2 5.60m @ 1.2 g/t

NKDD22-093 108.6 114 5.4 0.6 5.40m @ 0.6 g/t

NKDD22-094 149.2 157 7.8 15.9 7.80m @ 15.9 g/t

NKDD22-094 198 200.7 2.7 2.8 2.70m @ 2.8 g/t

NKDD22-097 1.2 5 3.8 4.7 3.80m @ 4.7 g/t

NKDD22-097 47.5 54.3 6.8 3 6.80m @ 3.0 g/t

NKDD22-097 66.3 69.5 3.2 0.6 3.20m @ 0.6 g/t

NKDD22-097 79.7 81.8 2.1 8.5 2.10m @ 8.5 g/t

NKDD22-097 92.8 123 30.2 1.8 30.20m @ 1.8 g/t

NKDD22-097 134.1 136.4 2.3 1 2.30m @ 1.0 g/t

NKDD22-097 152.2 155 2.8 0.9 2.80m @ 0.9 g/t

NKDD22-097 172.3 199.3 27 1.1 27.00m @ 1.1 g/t

NKDD22-097 205.7 208 2.3 2.8 2.30m @ 2.8 g/t

NKDD22-097 231 256.2 25.2 1.4 25.20m @ 1.4 g/t

NKDD22-098 212 214 2 0.8 2.00m @ 0.8 g/t

NKDD22-098 248.5 250.5 2 1 2.00m @ 1.0 g/t

NKDD22-098 270 278 8 4.6 8.00m @ 4.6 g/t

NKDD22-098 284 297 13 1.3 13.00m @ 1.3 g/t

NKDD22-099 66 69 3 3.9 3.00m @ 3.9 g/t

NKDD22-099 259 270.3 11.3 27.6 11.30m @ 27.6 g/t

NKDD22-099 284.4 343.2 58.8 2.4 58.80m @ 2.4 g/t

NKDD22-100 4 8.4 4.4 2 4.40m @ 2.0 g/t

NKDD22-100 13.6 30 16.4 47.3 16.40m @ 47.3 g/t

NKDD22-100 33.2 44.3 11.1 5.2 11.10m @ 5.2 g/t