Galantas Gold Completes Acquisition of RDL Mining Corp. and Financings for Aggregate Gross Proceeds of $15.525 Million, and Announces Updated NI 43-101 Mineral Resource Estimate

Core Viewpoint - Galantas Gold Corporation has successfully completed the acquisition of RDL Mining Corp and closed a significant private placement, positioning itself for further development of the Indiana gold/copper project in Chile [1][2][4]. Group 1: Acquisition and Transaction Details - The acquisition of RDL Mining Corp allows Galantas to potentially acquire a 100% interest in the Indiana Project, contingent upon meeting certain conditions [6]. - Each RDL Shareholder received approximately 44 million Galantas Shares, totaling around 132 million shares, representing about 10% of the issued shares post-transaction [7]. - The acquisition includes inferred mineral resources of 355,516 ounces of gold and 64,690 tonnes of copper [7]. Group 2: Financing and Offerings - Galantas completed a Brokered Offering of 186,250,000 units at $0.08 per unit, raising gross proceeds of $14.9 million [2][10]. - A Non-Brokered Offering was also completed, involving 7,812,500 Galantas Shares to settle a debt of $625,000 to Ocean Partners [2]. - The net proceeds from the Offerings will be allocated to exploration work on the Indiana Project and general corporate purposes [12]. Group 3: Mineral Resource Estimate - An updated independent mineral resource estimate for the Indiana Project was completed, reporting 4,932,000 tonnes with a grade of 2.24 g/t gold and 1.31% copper [19]. - The resource estimate is based on in-vein mineralization and does not include mineralized halos, which are planned for future updates [21][23]. - The Technical Report is prepared in accordance with NI 43-101 standards and will be filed on SEDAR+ [18][23]. Group 4: Project Advancement - Galantas plans to initiate mine design activities and prepare a Preliminary Economic Assessment (PEA) for the Indiana Project [24]. - Planned work includes resource definition drilling and geotechnical drilling to support underground mine design and optimization [25]. - A commercial off-take agreement has been executed with Ocean Partners for copper-gold concentrate, supporting future project development [27].