Galantas Gold expands Indiana drill program to 12,500 m

TORONTO, ON / ACCESS Newswire / August 10, 2026 / Galantas Gold Corporation (TSXV:GAL)(AIM:GAL) (" Galantas " or the " Company ") announces an update on the ongoing exploration program at its Indiana gold-copper project near Copiapó, Chile. To date, the Company has drilled 5,060 metres of a planned 5,000-metre program. The visual results of potential disseminated style mineralization and the resulting potential exploration targets warrants an expansion of the drill program to 12,500 metres, which will be funded from the Company's current cash position.

The drill program at Indiana is designed to test for extensions of known mineralization along strike and down-dip at the Bondadosa and Flor de Espino veins, new mineralized structures not exposed at surface, high-grade mineralization at structural intersections, and provide confirmatory grade and geotechnical information for underground mine design.

Twelve (12) exploration drill holes totaling 4,852 metres and one infill drill hole of 208 metres at the Flor de Espino vein have been completed to date. Very few assays have been received due to a combination of back-up in the laboratory and flooding with subsequent loss of electric power due to heavy rains in the Coquimbo region of Chile. The Company is taking steps to remedy these delays, including sending samples to different certified laboratories in Chile, and will report assay results as soon as they are available.

Visual sulphide mineralization in drill core, trenches and outcrops indicates potential for new styles of mineralization in addition to the vein-hosted mineralization hosting the current mineral resource, which may expand the target concept(s) at Indiana.

Mario Stifano, the Company's CEO, commented: "We are very encouraged by these observations, which support our belief that Indiana is a fertile area for discovery of additional gold-copper mineralization and expansion of the current mineral