GALANE GOLD LTD. ANNOUNCES UPDATE ON COVID-19 - Seite 2

Finally, it should be noted that above all things we put the health and safety of our employees and contractors first. As a result, we have instigated an education programme on COVID-19 at both the Galaxy and Mupane properties for our employees and contractors. This programme discusses what is required to minimise the chance of infection, recognising the symptoms of COVID-19, and what action to take if employees or contractors develop symptoms.

In addition, the Company has started a rigorous testing regime at both properties to monitor our employees and contractors’ health to identify anybody showing early symptoms. The Company has also established isolation procedures for any potentially infected individual.

Galane Gold CEO, Nick Brodie, commented: “During this difficult period, our objective is to ensure we will be a stronger company after the current pandemic subsides, by acting in the best long-term interest of all of our stakeholders.”

About Galane Gold

Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa.  Galane Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol “GG” and the OTCQB under the symbol “GGGOF”.  Galane Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes.  Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Cautionary Notes

Certain statements contained in this press release constitute “forward-looking statements”. All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company’s future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. Forward-looking statements may specifically include, without limitation, statements relating to the Company’s ability to instigate care and maintenance in a specific manner; the Company’s ability to put proper controls in place to retain funds; the estimated impact of COVID-19 on the Company’s business and operations; the availability of critical supplies amidst COVID-19; and the ability to identify critical threats and risks to the Company. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.