Galantas Gold : March 2024

Cautionary statement

Neither the contents of this presentation nor these slides, nor any part thereof have been approved by any person authorized pursuant to section 21 Financial Services and Markets Act 2000 ("FSMA") in the UK nor Regulated by the Financial Supervision Commission (FSC) in The Isle of Man, British Isles nor any other regulated party. Reliance upon this presentation by any person for the purposes of engaging in any investment activity may expose that person to a significant risk of losing all property invested or occurring additional liability. This presentation is a summary and may not contain all the information required by a reader. If any person is in any doubt as to the contents of this presentation they should seek independent advice from a person who is authorized for the purposes of FSMA and who specialises in advising in investments of this kind. The information in these slides, and the presentation made to you verbally, are subject to updating, completion, revision, further verification and amendment without notice. These slides and the presentation do not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall they or any part of them form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. No reliance may be placed for any purpose whatsoever on the information or opinions contained in these slides or the presentation or on any other document or oral statement or on the completeness, accuracy or fairness of any such information and/or opinions therein. No undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of Galantas Gold Corporation (the Company) or any of its directors, officers, partners, employees, agents, advisers or subsidiary undertakings or any other person as to the accuracy or completeness or fairness of the information or opinions contained in these slides or the presentation and no responsibility or liability is accepted by any of them for any such information or opinions or for any errors, omissions, misstatements, negligence or otherwise or for any other communication written or otherwise contained or referred to in this presentation. Notwithstanding the aforesaid, nothing in this paragraph shall exclude liability for any undertaking, representation, warranty or other assurance made fraudulently. These slides are for distribution in or from the United Kingdom and The Isle of Man only to persons authorized or exempt within the meaning of the FSMA or any order made there under or to those persons to whom these slides may be lawfully distributed pursuant to the Financial Promotion Order, or lawfully distributed under regulations in other jurisdictions, including investment professionals (as defined in article 19(5) of the Financial Promotion Order), high net worth companies (as defined in article 49 of the Financial Promotion Order), certified high net worth individuals (as defined in article 48(2) of the Financial Promotion Order) and certified sophisticated investors (as defined in article 50(1) the Financial Promotion Order) or exempted parties under MiFID ii. In so far as this presentation is made to high net worth individuals and certified sophisticated investors it is exempt from the general restriction contained in section 21 of the FSMA on the communication of invitations or inducements to engage in investment activity.

Persons who do not fall within any of the above definitions should not rely on these slides nor take any action upon them. These slides are copyright reserved and are being supplied solely for your information and may not be reproduced, redistributed or passed to any other person or published in whole or in part for any purpose. This presentation does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Company's securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Neither these slides nor any copy of them may be taken or transmitted outside the United Kingdom, Canada or UK dependencies (where permitted) or taken to places where distribution is unlawful, and, in particular, neither these slides, nor a copy of them should be distributed into the United States of America or its territories or possessions (the "United States" or "U.S."), or into Australia, Japan, South Africa or any other jurisdiction which prohibits the same except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of applicable national securities laws. The securities described herein have not been and will not be registered under the United States Securities Act of 1933 as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent an exemption from registration. This presentation contains forward looking statements. Various factors could cause actual results to differ materially from those projected in forward-looking statements, including comments predicting grade, tonnage, output, production, cash flow and profitability. Although the Company believes that the forward-looking statements are reasonable, it can give no assurance that the Company's expectations are correct. A discussion of the Company's operations and financial condition, including factors likely to affect its business, is contained in documents filed in Canada under the Company's profile on SEDAR at www.sedarplus.ca. Undue reliance should not be placed on forward-looking statements. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements in this presentation, except as required by law. All forward- looking statements are expressly qualified in their entirety by this Cautionary Statement. This presentation should not be considered the official disclosure document of the Company. Risk factors regarding the company and its activities are published in the Company's Quarterly Management Discussion and Analysis, which is available under the Company's profile on SEDAR at www.sedarplus.ca and on the Company's website at www.galantas.com.

Qualified Persons

The scientific, technical and mine development information pertaining to the Omagh Project in this presentation has been reviewed and approved by Sarah Coulter FGS, MIMMM, the Chief Geologist of the Company, and Brendan Morris, Chief Operating Officer, each of which are Qualified Persons within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the AIM regulations. The historical technical information pertaining to the Gairloch Project in this presentation has been reviewed and approved by Gavin Berkenheger (CGeol, EurGeol) who is a Qualified Person under the terms of NI 43-101. Mr. Berkenheger is not considered independent under NI 43-101 as he is a consultant of Galantas Gold Corporation.

Caution Regarding Mineral Resource Estimates

This presentation uses the terms measured mineral resources, indicated mineral resources, and inferred mineral resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that mineral resources are not economic mineral reserves and that the economic viability of mineral resources that are not mineral reserves has not been demonstrated. Mineral resource estimates may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. However, other than as disclosed in this presentation, the Company is not aware of any known environmental, permitting, legal, title, socio-political, marketing or other relevant issues that could materially affect the estimates of mineral resources disclosed herein. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to the category of indicated mineral resource or measured mineral resource. The mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum's CIM Definition Standards on Mineral Resources and Mineral Reserves adopted in 2019 and incorporated by reference into NI 43-101. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for a preliminary economic assessment as defined under NI 43-101. Readers are cautioned not to assume that further work on the stated resources will lead to mineral reserves that can be mined economically.

Caution Regarding Mining Activities without Feasibility Study

The Company cautions that its intention to commence mining activities at the Omagh Project was made without the benefit of a current feasibility study, or reported mineral reserves, demonstrating economic and technical viability, and, as a result, there may be increased uncertainty of achieving any particular level of recovery or material or the cost of such recovery. The Company cautions that historically, such projects have a much higher risk of economic and technical failure. Accordingly, there is no guarantee that production will be achieved as anticipated or at all or that anticipated production costs will be achieved. Failure to achieve any anticipated production may result in a material adverse impact on the Company's cash flow and potential profitability. The Company's mine development plan is not based on a current feasibility study or reported mineral reserves demonstrating economic and technical viability.

2

June 2023 Resource Estimate

• Approx. 53% of Mineral Resources are reported in the Measured and Indicated categories
• Total contained gold ounces have increased by 77% from the previous 2014 PEA estimate
• Deposit remains open along strike and to depth down plunge

Mineral Reserves.

Mine development underway

• Ventilation has been upgraded throughout the mine.

• The mine has a newly upgraded electrical system catering for 1,000-volt and 415-volt equipment.

• The water reticulation system upgrade complete.

• Compressed air is in place throughout the mine.

• Systems in-place to cope with ground conditions, which are improving with depth (fibre-reinforced shotcrete support, with mesh and bolts as required).

• Development consists of 5 levels in the Kearney target, accessed from the Kearney decline.

• Each level has a vein drive going north and south off the access drive, with dimensions 3m wide and approx. 3.6m high.

• The lode pinches and swells with areas of wide vein thickness and