Toronto, Ontario – January 7, 2026 – Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) (“Galleon Gold” or the “Company”) provides a summary of its significant achievements in 2025 highlighted by arranging a comprehensive financing strategy, securing key regulatory approvals and initiating critical early-stage development activities at its West Cache Gold Project in Timmins, Ontario (the “Project” or “West Cache”). These milestones were aimed at de-risking the Project and establishing solid groundwork for future feasibility studies, moving the Company towards its ultimate goal of building the next mine in the prolific Timmins gold camp.

2025 Achievements

Fully Funded Bulk Sample Program:
In 2025, Galleon Gold raised $91.5 million in capital, providing full funding for the planned bulk sample program and positioning the Company to advance the West Cache Project through critical de-risking and feasibility-level work. The financing package included $15.5 million in convertible debentures, $30 million in equity financings, and a $46 million senior secured debt facility.

Regulatory Approval for Bulk Sample:
In April 2025, the Ontario Ministry of Energy and Mines accepted the Company’s Closure Plan for filing, marking a key milestone toward the extraction of an 86,500-tonne bulk sample under an advanced exploration program. The bulk sample is expected to generate critical data to support future feasibility studies.

Strategic Investment from Pan American:
As part of the 2025 financings, Pan American Silver Corp. (“Pan American”) invested $8 million through an unsecured convertible debt financing, $11.25 million through equity, and also provided a senior secured debt facility of up to $46 million (the “debt facility”). In parallel, Galleon Gold signed a Memorandum of Understanding (“MOU”) with Lake Shore Gold Corp., a subsidiary of Pan American, for the toll processing of the mineralized material from the planned bulk sample.

Enhanced Project Economics:
The Company drew $11 million from the debt facility and completed the repurchase of a 3% net smelter return royalty (the “Royalty”) on West Cache from a wholly-

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https://galleongold.com/news/galleon-golds-2025-year-in-review-and-execution-roadmap-for-2026/