Galore Resources Announces Annual and Special General Meeting and Project Update
GRI: TSX-V
GALOF: OTCQB
Mailing Address: 2701 Little Elm Parkway, Suite 100 #512 | Little Elm, Texas, USA | 75068
Tel: (210) 860-9212 | Fax: (604) 648-8894 | www.galoreresources.com
FOR IMMEDIATE RELEASE August 22, 2025
Galore Resources Announces Annual and Special General Meeting and Project Update
Vancouver, BC – August 2 2, 2025 – Galore Resources Inc. (TSX -V: GRI) (“ Galore” or the
“Company”) announces that it will host its Annual and S pecial General Meeting of
Shareholders (“ ASGM”) on Thursday, October 2 3, 2025. Meeting materials, including the
management information circular, will be available on the Company’s profile at
www.sedarplus.ca after the record date of the Meeting, being September 18, 2025.
Project and Financing Update
Galore continues to advance its Dos Santos Project in Zacatecas, Mexico, while actively
pursuing financing and joint venture opportunities. The Company has received interest from
industry participants in supporting development at Los Gemelos and Duraznillo ; however,
recent proposals were not aligned with the long-term interests of shareholders. Discussions
with other potential partners remain ongoing.
At Duraznillo, previously announced drilling was suspended due to delays in committed
funding, following unforeseen circumstances with an investor group. While assays are
pending, visual inspection of drilled core remains encouraging. The Company plans to
resume laboratory testing and drilling activities once financing is secured.
Additionally, the 25,000 tonnes of crushed rock and tailings reported in April remain on site.
Two major mining companies have come to the Duraznillo project to take samples from this
tonnage to determine mineral content for possible purchase or processing. Comprehensive
results are expected in the coming weeks.
Technology Initiatives
The Company continues to evaluate the use of ore-sorting technology to improve feed quality
for processing partners, as well as satellite imaging tools to enhance exploration targeting.
Testing and investor -grade evaluations have been conducted in these ar eas; however,
related financing has been delayed due to challenges faced by prospective partners.
CEO Statement
“Exploration is never easy, and advancing discoveries to development requires resilience
and persistence. Despite recent financing setbacks, our team remains committed to realizing
the value of Dos Santos. This is a project with district-scale potential, and we are determined
to bring in the right partners to unlock that value. Our geologists, consultants, and
P a g e | 2
Mailing Address: 2701 Little Elm Parkway, Suite 100 #512 | Little Elm, Texas, USA | 75068
Tel: (210) 860-9212 | Fax: (604) 648-8894 | www.galoreresources.com
management are fully dedicated to advancing the project in a way that benefits all
shareholders.”
About Galore Resources
Galore Resources Inc. is a Canadian -based exploration and development company focused
on advancing its Dos Santos gold -silver-copper project in Zacatecas, Mexico. The property
hosts multiple mineralized targets across 14,400 hectares in one of Mexico’s mos t prolific
mining districts.
ON BEHALF OF THE BOARD
“ Michael McMillan”
President, CEO and Director
For Further Information:
Please call Mike McMillan, CEO Galore Resources Inc. @ (210)-860-9212
or email [email protected] with any questions or comments.
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.
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news release includes “forward -
looking statements” and “forward -looking information” within the meaning of Canadian securities legislation. All statements
included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements
include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticip ate",
"believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may",
"will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements in this news release include, but are not limited to, impact of the Company’s planned drilling program
on the Los Gemelos / Duraznillo project, anticipated drill and exploration results; the estimation of mineral resources; magn itude
or quality of mineral deposits; anticipated advancement of mineral propertie s or programs; future operations; mine plans; future
exploration prospects, the Company’s receipt of the assays and quality of results from those assays; the completion and timing of
technical reports; future growth potential of Galore Resources and future development plans for the Dos Santos project; the ability
of the Company to obtain the requisite staffing, bonding and financing therefor; and the potential impact of seasonal drillin g
restrictions on the ability of the Company to effectively carry out such programs. In addition, the Company’s ability to raise funds
necessary to continue to conduct further drill programs at its Mexican mineral properties and the timing thereo f, the prospective
deposits, targets and mineralization at the properties and the anticipated receipt and timing of necessary governmental or th ird-
party approvals and permits. In addition, the Company’s ability to raise funds necessary to continue to conduct further drill
programs at its Mexican mineral properties and the timing thereof, the prospective deposits, targets and mineralization at the
properties and the anticipated receipt and timing of necessary governmental or third-party approvals and permits.
Such forward-looking information reflects management’s current beliefs and is based on a number of estimates and assumptions
made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed
or implied by such forward-looking information. Readers are cautioned that such forward-looking information is neither a promise
nor guarantee, and is subject to known and unknown risks and uncertainties including, but not limited to, delays in obtaining
governmental or third party approvals and permits, actual results of exploration activities, unanticipated geologic formation s,
structures and characteristics, environmental risks, future prices of base and other metals, operating risks, accidents, labo r issues,
and other risks in the mining industry as well as general business, economic, competitive, political and social uncerta inties,
uncertain and volatile equity and capital markets and lack of available capital . All forward-looking information contained in this
news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at
www.sedar.com. For OTCQB quotes and filings, please visit www.otcmarkets.com. Accordingly, readers should not place undue
reliance on forward -looking information. The Company disclaims any intention or obligation to update or revise any forward -
looking information, whether as a result of new information, future events or otherwise, except as required by law.