GALIANO GOLD REPORTS EXCEPTIONAL DRILL RESULTS AT ABORE, INCLUDING 23m @ 6.8 g/t Au AND 16.4m @ 5.3 g/t Au, WITH MULTIPLE ORE SHOOTS AND NEW HIGH-GRADE ZONE IDENTIFIED

Core Viewpoint - Galiano Gold Inc. has reported significant high-grade mineralization results from its ongoing Phase 2 drilling program at the Abore project, indicating potential for resource expansion and exploration success [3][4][10]. Group 1: Drilling Program Overview - The Phase 2 drilling program at Abore is approximately 75% complete, targeting mineralization below the current Mineral Reserve and Resource, with a strike length of about 1,600 meters [4][5]. - The program is expected to achieve around 10,000 meters of drilling across 40 holes, with complete assays received for 31 holes to date [5][16]. - Drilling has progressed under budget and ahead of schedule, demonstrating operational efficiency [5]. Group 2: High-Grade Mineralization Results - Significant intercepts include 23 meters at 6.8 grams per tonne (g/t) gold from hole ABDD25-388 and 44.8 meters at 2.0 g/t from hole ABPC25-368 [8][12][23]. - The high-grade zone at the south end of Abore Main pit has been confirmed to extend over at least 400 meters, with notable intercepts such as 30.6 meters at 2.9 g/t from hole ABPC25-380 [10][11]. - Multiple high-grade ore shoots have been identified, including a new zone discovered approximately 75 meters below the Abore Mineral Resource under Abore North pit [12][18]. Group 3: Future Exploration and Development Plans - The company plans to expand its drilling campaign into 2026 to increase drill density and grow Inferred and Indicated Mineral Resources [17]. - Key areas of interest include the 'saddle' zone connecting Abore South and Main pits, which presents opportunities for mine optimization [18]. - The exploration team is well-equipped to execute the aggressive drilling strategy, supported by sufficient funding and skilled personnel [19]. Group 4: Current Mineral Resources - The Abore project currently has Measured and Indicated Mineral Resources of 638,000 ounces at 1.24 g/t gold and Inferred Mineral Resources of 78,000 ounces at 1.17 g/t gold, as of December 31, 2024 [20]. - The geology of Abore is characterized by a sedimentary sequence intruded by granite, with mineralization primarily hosted in quartz vein areas along the granite/sediment contact [21].