Earnings release
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GALANTAS GOLD CORPORATION TSXV & AIM: Symbol GAL GALANTAS REPORT FINANCIAL RESULTS FOR THE QUARTER ENDED June 30, 2025 August29,2025: GalantasGoldCorporation(the‘Company’)ispleasedtoannounceitsunauditedfinancialresultsfor theQuarterendedJune30,2025. Financial Highlights Highlightsofthesecondquarter2025results,whichareexpressedinCanadianDollars,aresummarizedbelow: All figures denominated in Canadian Dollars (CDN$) Quarter Ended June 30 2025 2024 Revenue $ 0 $ 0 Costandexpensesofoperations $ (14,471) $ (30,318) Lossbeforetheundernoted $ (14,471) $ (30,318) Depreciation $ (93,803) $ (107,281) Generaladministrativeexpenses $ (1,274,016) $ (1,507,639) Foreignexchangegain(loss) $ 656,841 $ (31,399) Unrealizedgainonderivativefairvalue adjustment $ 48,747 $ 85,018 Write-downofprepaidexpenses $ (33,333) $ - Net (Loss) for the quarter $ (710,035) $ (1,591,619) WorkingCapitalDeficit $ (18,510,440) $ (12,593,186) Cashlossfromoperatingactivities before changesinnon-cashworkingcapital $ (151,930) $ (961,910) CashatJune30,2025 $ 245,085 $ 395,514 SalesrevenueforthequarterendedJune30,2025amountedto$Nilcomparedtorevenueof$Nilforthequarterended June 30, 2024. Shipments of concentrate commenced during the third quarter of 2019. Concentrate sales provisional revenuestotalledUS$Nilforthesecondquarterof2025comparedtoUS$124,000forthesecondquarterof2024.Until theminecommencescommercialproduction,thenetproceedsfromconcentratesalesarebeingoffsetagainstdevelopment assets. TheNetLossforthequarterendedJune30,2025amountedto$710,035(2024:$1,591,619)andthecashoutflowfrom operatingactivitiesbeforechangesinnon-cashworkingcapitalforthequarterendedJune30,2025amountedto$151,930 (2024:$961,910). TheCompanyhadacashbalanceof$245,085atJune30,2025comparedto$395,514atJune30,2024.Theworking capitaldeficitatJune30,2025amountedto$18,510,440comparedtoaworkingcapitaldeficitof$12,593,186atJune 30,2024. SafetyisahighpriorityfortheCompanyandwecontinuetoinvestinsafety-relatedtrainingandinfrastructure.Thezero lost time accident rate since the start of underground operations continues. Environmental monitoring demonstrates a highlevelofregulatorycompliance. The detailed results and Management Discussion and Analysis (MD&A) are available onwww.sedar.com and www.galantas.comandthehighlightsinthisreleaseshouldbereadinconjunctionwiththedetailedresultsandMD&A. TheMD&Aprovidesananalysisofcomparisonswithpreviousperiods,trendsaffectingthebusinessandriskfactors.
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Qualified Person The financial components of this disclosure have been reviewed by Alan Buckley (Chief Financial Officer) and the productionandpermittingcomponentsbyBrendanMorris(COO),qualifiedpersonsunderthemeaningofNI.43-101. Theinformationisbaseduponlocalproductionandfinancialdatapreparedundertheirsupervision. SPECIALNOTEREGARDINGFORWARD-LOOKINGSTATEMENTS:Thispressreleasecontainsforward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadiansecuritieslaws,includingrevenuesandcostestimates,fortheOmaghGoldproject.Forward-lookingstatements arebasedonestimatesandassumptionsmadebyGalantasinlightofitsexperienceandperceptionofhistoricaltrends, currentconditionsandexpectedfuturedevelopments,aswellasotherfactorsthatGalantasbelievesareappropriateinthe circumstances.ManyfactorscouldcauseGalantas’actualresults, theperformanceorachievementstodiffermaterially from those expressed or implied by the forward looking statements or strategy, including: gold price volatility; discrepanciesbetweenactualandestimatedproduction, actualandestimated metallurgicalrecoveriesandthroughputs; miningoperationalrisk,geologicaluncertainties;regulatoryrestrictions,includingenvironmentalregulatoryrestrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of or availability of key employees; additional funding requirements; uncertainties regarding planning and other permitting issues;anddefectivetitletomineralclaimsorproperty.ThesefactorsandothersthatcouldaffectGalantas’sforward- looking statements are discussed in greater detail in the section entitled “Risk Factors” in Galantas’ Management Discussion&AnalysisofthefinancialstatementsofGalantasandelsewhereindocumentsfiledfromtimetotimewith the Canadian provincial securities regulators and other regulatory authorities. These factors should be considered carefully, and persons reviewing this press release should not place undue reliance on forward-looking statements. Galantashasnointentionandundertakesnoobligationtoupdateorreviseanyforward-lookingstatementsinthispress release,exceptasrequiredbylaw. Theinformationcontainedwithinthisannouncementisdeemedtoconstituteinsideinformationasstipulatedunderthe retainedEUlawversionoftheMarketAbuseRegulation(EU)No.596/2014(the"UKMAR")whichispartofUKlaw byvirtueoftheEuropeanUnion(Withdrawal)Act2018.TheinformationisdisclosedinaccordancewiththeCompany's obligationsunderArticle17oftheUKMAR.Uponthepublicationofthisannouncement,thisinsideinformationisnow consideredtobeinthepublicdomain. Enquiries GalantasGoldCorporation MarioStifano–CEO Email:info@galantas.com Website:www.galantas.com Telephone:0014164538433 Grant Thornton UK LLP (Nomad) PhilipSecrett,HarrisonClarke,ElliotPeters Telephone:+44(0)2073835100 SP Angel Corporate Finance LLP (AIM Broker) DavidHignell,CharlieBouverat(CorporateFinance) GrantBarker(SalesandBroking) Telephone:+44(0)2034700470