Galleon Gold's 2025 Year in Review and Execution Roadmap for 2026

Core Insights - Galleon Gold Corp. has made significant progress in 2025, focusing on financing, regulatory approvals, and early-stage development for the West Cache Gold Project in Ontario, aiming to establish a new mine in the Timmins gold camp [1] Financing Achievements - In 2025, Galleon Gold raised a total of $91.5 million, which fully funds the bulk sample program and supports critical de-risking and feasibility work for the West Cache Project. The financing included $15.5 million in convertible debentures, $30 million in equity, and a $46 million senior secured debt facility [2] Regulatory Approvals - The Ontario Ministry of Energy and Mines approved the Company's Closure Plan in April 2025, allowing for the extraction of an 86,500-tonne bulk sample, which is essential for future feasibility studies [3] Strategic Partnerships - Pan American Silver Corp. invested a total of $19.25 million through unsecured convertible debt and equity, and provided a senior secured debt facility of up to $46 million. Additionally, a Memorandum of Understanding was signed with Lake Shore Gold Corp. for toll processing of the bulk sample material [3] Project Economics - Galleon Gold repurchased a 3% net smelter return royalty on West Cache from Newmont Corporation for $11 million, enhancing the project's long-term economic potential by eliminating royalty encumbrances [4] Development Activities - The Company has initiated early development activities, including tree harvesting, road building, and initial hydro line installation, in preparation for further construction contracts in 2026 [5] 2026 Objectives - The Company plans to advance surface infrastructure development, including hydro and power supply, access roads, and water management systems [6] - Underground development will begin, focusing on completing the decline and ramping development necessary for the bulk sample [7] Exploration Strategy - A targeted exploration drill program will be initiated, focusing on infill drilling to define existing resources and exploration drilling to identify new mineralized zones [8][9] Company Overview - Galleon Gold is advancing the West Cache Gold Project with a strategy focused on resource growth and an upcoming bulk sample program, aiming to unlock long-term shareholder value [10]