First Drill Program at Indiana Gold Commences

TORONTO, March 18, 2026 -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQB: GALKF) ("Galantas" or the "Company") is pleased to announce the start of a 5,000-metre diamond drilling program at its Indiana gold project, near Copiapó in northern Chile ("Indiana").

The drill program will tighten up the drill spacing and provide geotechnical information as the final steps for the development of the mine plan. The drilling will also test for high-grade gold mineralization at structural intersections and down-dip extensions of the Bondadosa and Flor de Espino gold veins that could potentially expand the resource base while supporting mine planning and development.

Mario Stifano, the Company's CEO, said, "We are excited to begin our first drilling program at Indiana. Beyond providing critical geotechnical information for mine planning, the program will test the down-dip extension of the gold mineralization while also targeting higher grades and thicker zones at vein intersections. Results from this work will support completion of the Preliminary Economic Assessment ("PEA"), expected in May 2026, and represent a key step toward development of the project in the second half of 2026."

Drilling Program

The planned program comprises 17 drill holes for a total of approximately 5,000 metres (Figure 1). Drill holes are designed to test mineralization to depths of approximately 200 to 350 metres below surface, targeting extensions of the known vein systems.

The objectives of the drill program are to:

• Complete infill drilling in support of the mine plan.
• Provide geotechnical information for mine planning and design.
• Test down-dip extensions of the Bondadosa and Flor de Espino gold veins and the potential for higher grade and wider zones of mineralization at the intersection of the two veins.
• Explore extensions for higher-grade zones associated with cross-cutting structures at the Flor de Espino vein.

Figure 1: Indiana project proposed drill hole locations with veins and cross-cutting structures

Indiana Project

Indiana is located 40 kilometres from Copiapó at an operating altitude of 1,200 metres, in one of the world's most prolific mining districts - the copper-gold-silver belt of the coastal cordillera in Chile's Atacama Region. The project benefits from excellent infrastructure, road access, nearby mining services, a skilled workforce, and mining-friendly regulations.

Indiana is a development stage gold and copper property with limited small-scale historical production, where underground exploration development included drifting along the vein structures and selective extraction of mineralized material encountered during development. The project is envisioned as a selective underground mining operation targeting high-grade gold-copper mineralization initially within the Bondadosa and Flor de Espino vein systems. The property comprises mineral concessions covering approximately 923 hectares.

The Company has entered into an option agreement to acquire a 100% interest in Indiana from Minera Activa (see News Release dated November 13, 2025).

Indiana has an Inferred Mineral Resource of 4.93 million tonnes at 2.24 grams per tonne gold and 1.31% copper, representing contained metal of 355,516 ounces of gold and 64,690 tonnes of copper as disclosed in the Company's announcement of 02 January 2026 and the Technical Report entitled "Mineral Resource Estimate, Indiana Project, Atacama Region, Chile", prepared by DRA Americas, Inc. for Galantas Gold Corporation, dated December 31, 2025.

Indiana represents one of the few high-grade gold-copper development projects in northern Chile advancing toward near-term production.

Qualified Person

Scientific and technical disclosures in this news release have been reviewed and approved by Mr. Dorian L. (Dusty) Nicol (P. Geo., Chartered Geo., FAusIMM) the Company's exploration consultant, who is considered, by virtue of his education, experience and professional association, a "qualified person" as defined by National Instrument 43-101 and the AIM Rules for Companies.

Galantas Gold

Mario Stifano

CEO and Director