Galantas Gold Corp.

Indiana resource update and option payments

Includes RDL acquisition and Indiana option – Completed 31 December 2025, closed 2 Jan 2026Follows from Concurrent brokered financing – Closed: $14.9m brokered plus $625k debt settlement, closed 2 Jan 2026

A new NI 43-101 for Indiana was filed after RDL closed on 31 Dec 2025, and the budget was cut to about $3.9m on 31 Mar 2026. The programme was expanded to 12,500 m (10 Aug 2026). On 14 Oct 2026 the company reported 16 holes completed and assays from six, mostly in new structures outside the MRE. It is now deferring the PEA and prioritising exploration over short-term production, replacing the earlier plan for production by end-2026.

Drilling

16 holes, 5,960 m completed of planned 12,500 m; assays received for six holes (14 Oct 2026) 14 Oct 2026 ↗

Next milestone

Assay results pending 27 Aug 2026 ↗

Production target

Preparing plans to bring Indiana into production by the end of 2026 27 Aug 2026 ↗

Best intercept

1.48 m at 11.84 g/t AuEq in new structure, outside MRE (hole IN26004) 14 Oct 2026 ↗

New trend

North-south Zeus structure; up to 20 m at 0.40 g/t AuEq in Trench 2 14 Oct 2026 ↗

PEA

Deferred to include drill results in an updated MRE 14 Oct 2026 ↗

Next: Remaining assays from 12,500 m drill programme; updated MRE

1. 14 Oct 2026 Exploration prioritised; PEA deferred
2. 27 Aug 2026 Drilling expanded to 12,500 m; assays pending
3. 20 Aug 2026 All key permits received; no production decision
4. 6 Aug 2026 Main SERNAGEOMIN approvals secured; one pending