Galleon Gold Corp. announced it has received a new Exploration Drilling Permit from the Ontario Ministry of Mines, Mineral Development Branch for its 100% owned West Cache Gold Project (the Project or West Cache) in Timmins, Ontario. From 2020 to 2023, under the old permit, the Company completed 227 drill holes for a total of 50,885 meters.

This new permit increases the exploration area to approximately 3,200 hectares and covers the entirety of the Company's Mining Lease No: 110033. The West Cache drill hole database includes 585 holes for a total of 246,700 meters. The West Cache resource area constitutes approximately 10% of the Project and while the 2020 to 2023 drill programs focused on infill drilling and geotechnical investigations in support of the Company's PEA and planned bulk sample in that area, Galleon Gold aims to initiate additional grassroots exploration programs to the north and south of the previously drilled areas.

Interpretation of soil sampling and geophysical surveys indicate potential gold (± base metal) targets in the South Area and along litho- structural trends in Tisdale Metavolcanics to the north of Highway 101. In addition to surface exploration, the Company intends to drill from underground during bulk sample development, targeting the strike-dip extension of Zone #9 and the South Areas, which are 100-meters to the south of the proposed bulk sample workings. Underground investigation of Zone #9 may provide invaluable information on any structural controls, geochemical zoning, and alteration that could assist with identifying new gold zones elsewhere on the Property.

While an Exploration Drilling Permit is required for grassroots exploration on the property, permitting for test mining requires a separate permitting process. In November of 2023, the Company submitted the "Notice of Project Status - Form 1 - Mining Act" providing notice that the Project was moving from exploration to advanced exploration status. By submitting Form 1, the Company kicked off the formal process of permitting for an 86,500-tonne bulk sample.

In addition, the Company submitted the Project Definition and a draft closure plan to the Ministry of Mines; it is currently awaiting instructions from the Ministry of Mines for the submission of the final draft. The West Cache Gold Project is an advanced-stage gold exploration project covering approximately 10,370 ha located 13 km west of Timmins, Ontario on Provincial Highway 101. It is situated in the Western Porcupine Gold Camp along the Destor-Porcupine Fault Zone within the Abitibi greenstone belt, approximately 7 km northeast of Pan American Silver's Timmins West Mine.

The mining lease area hosts the current Mineral Resource Estimate near the center, with additional exploration targets to the north and south. The Mineral Resource Estimate is contained within the Porcupine Sedimentary Basin, a favourable litho-structural corridor with over 5 km of strike-length on the Property. Mineralization is open in all directions and at depth.