Galleon Gold Continues to Define Gold at West Cache Project

Hole WC-21-119 was designed to test the dip extent and plunge of the lower portion of the Zone #9 shoot – this deeper intercept, located 258 m below surface, indicates that the mineralized Upper Shoot projects towards the West Deep gold deposit below.

Moreover, these results continue to support our planning for the next phase of development as we identify and design the portal and ramp for our initial bulk sample.

A full copy of the assays and drill hole statistics from the current drill program is available and updated regularly on the Company’s website.

Figure 1 shows a plan view of the 2020-21 drill hole collars with previously released Zone #9 intercepts, while Figure 2 provides a cross sectional view of the newly reported holes.

The technical content of this release has been reviewed and approved by West Cache Gold Project Manager Leah Page, P.

Core produced at the West Cache property is delivered to the Company’s Timmins logging facility with all logging, cutting, labeling, and bagging completed under supervision of Qualified Geologists.

Core samples are transported from the Company’s Timmins logging facility to AGAT Laboratories standards, blank material, pulp and coarse duplicate material are inserted every 10 samples.

The West Cache Gold Project is located 13 km west of Timmins Ontario, and is serviced by Provincial highway 101 and secondary access roads.

Eric Sprott holds approximately 23% of the Company’s outstanding common shares and is also the Company’s partner on the Neal Gold Project in Idaho.

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

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