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GALILEO Mining 21 October 2021 ASX : GAL QUARTERLY ACTIVITIES REPORT Corporate Corporate Directory Directors Chairman & MD Brad Underwood • Successfully raised $ 6.5 million ( before costs ) through a Placement with cornerstone investments by major shareholders Creasy Group and IGO • Funds used to accelerate exploration programs • Non - Executive Director Noel O'Brien Non - Executive Director Mathew Whyte Projects Fraser Range Project Nickel - Copper - Cobalt Norseman Project Palladium - Nickel - Cobalt Port Hedland PERTH WESTERN AUSTRALIA Fraser Range Project Norseman Project Contact Details T : +61 8 9463 0063 E : info@galmining.com.au W : www.galileomining.com.au 13 Colin St , West Perth , WA Well - funded to continue exploration programs with approximately $ 10.4 million in cash as at 30th September 2021 Fraser Range ( Nickel - Copper - Cobalt ) • • Copper and gold assays from Delta Blues DB2 target confirm prospective mineralised sulphides Copper - gold assay results of : О 4m @ 0.29 g / t gold and 0.29 % copper from 188m ( DBRC001 ) including 1 metre @ 0.61 g / t gold and 0.66 % copper from 190m 5m @ 0.10 g / t gold and 0.25 % copper from 167m ( DBRC002 ) 4m @ 0.21 g / t gold and 0.27 % copper from 154m ( DBRC003 ) Only the top of EM target at Delta Blues DB2 drilled with strongest and best parts of the conductor untested at depth Follow up diamond core drilling planned at both DB2 and DB1 targets post receipt of new EM survey results New nickel target less than 5km from nickel sulphides previously drilled at the Lantern South prospect Modelled EM conductor is a large - scale target 750 metres long and only 165 metres below surface O Ongoing target generation work delivering results with high quality drill targets developed Norseman Project ( Palladium - Nickel - Cobalt ) . Palladium soil sample results from Norseman show highly anomalous zones ready for first pass aircore drilling Maximum palladium value of 0.81 g / t , maximum platinum value of 0.26 g / t , maximum nickel value of 0.42 % , maximum copper value of 0.11 % 44 samples from a total of 458 returned palladium greater than 0.1 g / t Post - quarter end , five priority palladium - nickel targets to be tested in upcoming 10,000m aircore drilling program slated for late October Page 1 | 20