Galantas Gold Announces Sampling Program for Gairloch Gold-Bearing VMS Project in Scotland, in Collaboration With University of Edinburgh - Seite 3

The Company also announces that it engaged ABR Media Company (“ABR”), of Langley, British Columbia, covering a sponsorship of the Rocks and Stocks News website, whereby ABR will provide certain video interview services to the Company in accordance with Policy 3.4 – Investor Relations, Promotional and Market-Making Activities of the Exchange. ABR has been engaged since March 2023 for a period of one year, for a total fee of C$36,000. The C$36,000 was paid as to C$9,000 cash on closing of a private placement and C$27,000 through the issuance of Units. ABR conducts interviews with the Company which is distributed to ABR's subscriber base. There are no performance factors related to ABR’s services. No buying or selling recommendations are made, no price projections on the Company are given and nor do they give any financial advice. The arrangements with ABR were and are an arm’s length relationship with the Company. ABR and Rocks and Stocks News are operated by Allan Barry Laboucan who resides in Mexico. Pursuant to the arrangements Mr. Laboucan subscribed for 77,777 shares (the “Laboucan Shares”) and 77,777 warrants “the Labouchan Warrants”) (collectively the “Labouchan Units”) of the Company under the private placement completed by the Company on March 27, 2023. The issuance of the Laboucan Units has been reviewed by the Exchange pursuant to policy 3.4 which states that compensation in the form of shares is not acceptable and payment should be in the form of cash. The Exchange has requested that the Labouchan Units be cancelled. Mr. Laboucan agreed that the Labouchan Warrants issued to him will be cancelled by the Company. Mr. Stifano has agreed to cancel 77,777 Shares owned by him. As of the date hereof, to the Company’s knowledge, after the cancellation of the 77,777 Shares held by Mr. Stifano and the Labouchan Warrants, Mr. Laboucan does not own directly or indirectly any Shares of the Company and does not have any right or intent to acquire Shares of the Company. The 77,777 Shares and 77,777 Labouchan Warrants were cancelled effectively February 27, 2024.

Following the cancellation of the 306,110 Shares held by Mr. Stifano, Mr. Stifano will be interested in a total of 156,445 Shares representing 0.14% of the Company's issued share capital.

Amendment to March 27, 2023 press release

The Company advises that because of the reversal of the issuance of Grit Units and Labouchan Units described above, the press release of March 27, 2023, announcing the closing of the private placement for cash gross proceeds of $2,963,142.36 should have been for closing cash proceeds of $2,825,942.64. Following the cancellation of the 228,333 Shares and the 77,777 Shares, the issued and outstanding Shares of the Company is 114,535,293.