Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) is pleased to announce that, further to its news release of May 22, 2026, it has closed its non-brokered private placement raising $2,226,996 in gross proceeds through the issuance of (i) 16,891,633 flow-through common shares at $0.12 per FT Share for gross proceeds of $2,026,996, and (ii) 2,000,000 common shares at $0.10 per Share for gross proceeds of $200,000.

The Company paid finder’s fees totalling $71,890 in cash to BMO Nesbitt Burns Inc., Canaccord Genuity Corp. and Ventum Financial Corp. in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

Hratch Jabrayan, CEO of the Company commented, “We are thrilled to have closed this private placement with the commitment and support of our strategic investor and other key investors. We are now in a very strong position to commence and deliver on our 2026 plan. Our strategic deliverables are set, and we look forward to communicating details and results in the near future.”

All securities issued under the Private Placement will be subject to statutory hold periods pursuant to securities laws in Canada, including the statutory Restricted Period prescribed by Section 2.5 of National Instrument 45-102 Resale of Securities, and are subject to the Exchange Hold (as defined under Canadian Securities Exchange Policy 1 Interpretation and General Provisions which definition became effective May 22, 2025), required in certain circumstances in accordance with Policy 6 Distributions and Corporate Finance of the CSE.

The Company intends to use the net proceeds from the Private Placement for its 2026 exploration program at its Glover Island Property and for general working capital purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Galloper Gold Corp.

Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its flagship Glover Island Property, 24 km southeast of Corner Brook.