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GG.V ·

Galane GOLD Ltd. Announces Termination of Agreement to Acquire Andy Well Project

Mergers & Acquisitions Property Options & Staking

For immediate release

GALANE GOLD LTD. ANNOUNCES TERMINATION OF AGREEMENT TO

ACQUIRE ANDY WELL PROJECT

TORONTO, ONTARIO – December 24, 2018: Galane Gold Ltd. ( “Galane Gold ” or the

“Company”) (TSX-V: GG; OTCQB: GGGOF) announces that it has terminated its previously

announced agreement to acquire the Andy Well Project from Andy Well Mining Pty Ltd and

Doray Minerals Limited due to various conditions precedent not being met.

About Galane Gold

Galane Gold is an un -hedged gold producer and explorer with mining operations and

exploration tenements in Botswana and South Africa. Galane Gold is a public company and

its shares are quoted on the TSXV under the symbol GG and the OTCQB under the symbol

GGGOF. Galane Gold’s management team is comprised of senior mining professionals with

extensive experience in managing mining and processing operations and large -scale

exploration programmes. Galane Gold is committed to operating at world-class standards

and is focused on the safety of its employees, respecting the environment, and

contributing to the communities in which it operates.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is

defined in the policies of the TSX Venture Exchange) accepts responsibility for the

adequacy or accuracy of this release.

Contact:

Galane Gold Ltd.

Nick Brodie, CEO

+44 7905 089878

[email protected]

www.GalaneGold.com