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GGO.V ·

Galleon Gold Announces Results of Annual Meeting of Shareholders

Shareholder Meetings

Galleon Gold Announces Results of Annual

Meeting of Shareholders

Toronto, Ontario--(Newsfile Corp. - June 21, 2022) - Galleon Gold Corp. (TSXV: GGO) (the "Company"

or "Galleon Gold") is pleased to report that all of the resolutions put forth at the Annual and Special

Meeting of Shareholders (the "Meeting") held on June 21, 2022, were approved. At the Meeting,

shareholders elected the following directors to hold office for the ensuing year: R. David Russell, Thomas

Kofman, James T. O'Neil Jr., Mario Colantonio, Gerhard Merkel, Michael Hobart and Richard F. Nanna.

Shareholders also approved resolutions to re-appoint Grant Thornton LLP as independent auditors of

the Company and for the continuation of the stock option plan.

About Galleon Gold

Galleon Gold is an exploration and development company focused on advancing the West Cache Gold

Project in Timmins, Ontario. The project is situated approximately 7 km northeast of Pan American

Silver's Timmins West Mine and 14 km southwest of Newmont's Hollinger Mine.

Since acquiring the

Project the Company has demonstrated significant resource growth while providing a strong valuation in

its maiden Preliminary Economic Assessment. Permitting and baseline studies in support of a bulk

sample are currently underway. Eric Sprott holds approximately 21% of the Company's outstanding

common shares.

For further information:

Galleon Gold

R. David Russell

Chairman and CEO

T. (416) 644-0066

[email protected]

www.galleongold.com

Investor Relations

Harbor Access

Graham Farrell

T. (416) 842-9003

[email protected]

Forward-Looking Statements

This document contains certain forward-looking statements that reflect the current views and/or

expectations of Galleon Gold with respect to its long-term strategy, proposed work, plans and other

reports including the PEA for its projects. Forward-looking statements are based on the then-current

expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in

which Galleon Gold operates.

Some of the statements contained herein may be forward-looking

statements which involve known and unknown risks and uncertainties. Without limitation, statements

regarding potential mineralization and resources, exploration results, expectations, plans, and objectives

of Galleon Gold are forward-looking statements that involve various risks. The following are important

factors that could cause Galleon Gold's actual results to differ materially from those expressed or implied

by such forward-looking statements: changes in the world-wide price of mineral commodities, general

market conditions, risks inherent in mineral exploration, risks associated with development, construction

and mining operations, risks related to infectious diseases, including Covid-19 and the uncertainty of

future exploration activities and cash flows, and the uncertainty of access to additional capital. There can

be no assurance that forward-looking statements will prove to be accurate as actual results and future

events may differ materially from those anticipated in such statements. Galleon Gold undertakes no

obligation to update such forward-looking statements if circumstances or management's estimates or

opinions should change. The reader is cautioned not to place undue reliance on such forward-looking

statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/128491