Galantas Gold Corporation (TSX-V: GAL) (AIM: GAL) announces positive results from an exploration drill hole at its Indiana gold-copper project near Copiapó, Chile. The Company has now drilled 7,229 meters of a planned 12,500 m program, comprising 19 completed drill holes and two in progress. The objective of this drill program to date was to confirm mineralization at Bondadosa and Flor de Espino and to test for extensions of these veins as well as to test for new structures. The Company has now released assay results for seven holes, six of which were reported on October 14, 2026. Assays for the remaining holes are pending.

Drill hole IN26014 intersected intense calcsilicate alteration, visually similar to skarn mineralization (refer to August 10, 2026 news release). This alteration extends for 213 m (from 217 to 430 m), comprising garnet, epidote, magnetite, and actinolite. Within this skarn zone, the drill hole intersected three intervals of gold mineralization (refer to table below), including a significant intersection of 18 m (from 269 to 287 m) at 1.18 grams per tonne gold (g/t Au), including an interval of 4 m at 2.36 g/t Au. The gold mineralization is associated with fine-grained pyrite that occurs within the magnetite. The drill hole was stopped in weakly altered intrusive at a depth of 495 m.

Mario Stifano, the Company’s CEO, commented: “This is a very significant drill intercept, as it is the first documented gold mineralization at Indiana not associated with narrow structures. The addition of this new target is a positive exploration success to the Indiana project, located in a world-class IOCG (iron-oxide copper-gold) belt between Candelaria and Manto Verde. The team will now focus on understanding the geometry of this new skarn zone, drill testing its extension potential for higher grade areas, and assessing whether it may come close enough to surface to constitute a potential open pit target.”

Drill Hole IN26014

The location of drill hole IN26014 is shown in Figure 1 and assay results are shown in the table below.

Note: Widths are reported as drilled and do not represent true widths, which are not yet known.

Figure 1. Location of Drill Hole IN26014

Sampling and QA/QC

Drill core was logged, split, and sampled at site by Company personnel. Samples were submitted to Bureau Veritas, a certified Laboratory in Santiago, Chile. Samples were analyzed using Fire Assay-Atomic Absorption for gold, with gravimetric assay for samples exceeding 5 g/t Au; Atomic Absorption for total copper and total silver; and 36-element ICP-OES using total digestion (4-acid digestion). The Company’s analytical protocol includes appropriate QA/QC procedures including insertion of certified standards, blanks, and duplicates.

Qualified Person

Scientific and technical disclosures in this news release have been reviewed and approved by Mr. Dorian L. (Dusty) Nicol (P. Geo., Chartered Geo., FAusIMM), the Company’s Senior Vice President Exploration, who is considered, by virtue of his education, experience and professional association, a “qualified person” as defined by National Instrument 43-101 and the AIM Rules for Companies.

About Galantas Gold Corporation

Galantas Gold Corporation is a publicly traded gold and copper company focused on the acquisition, development, and advancement of gold and copper assets in stable mining jurisdictions. The Company is currently advancing the development of Andacollo Gold and exploration at Indiana, both projects located in Chile. Galantas’ strategy is to build long-term shareholder value through disciplined capital allocation, technically rigorous project evaluation, and responsible development of high-quality mineral assets.