Q4 2025 Financial and Operating Results © Copyright 2026 Galiano Gold. All rights reserved. February 13, 2026 Forward Looking Information & Cautionary Statements Certain statements and information contained in this presentation constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which we refer to collectively as "forward-looking statements". Forward-looking statements are st ...

Vancouver, British Columbia--(Newsfile Corp. - February 12, 2026) - Galiano Gold Inc. (TSX: GAU) (NYSE American: GAU) ("Galiano" or the "Company") is pleased to provide updated Mineral Reserve and Mineral Resource ("MRMR") estimates for the Asanko Gold Mine ("AGM"), effective December 31, 2025, including maiden underground Mineral Resources at the Nkran and Abore deposits. Galiano owns a 90% interest in the AGM, located on the Asankrangwa Gold Belt in the Republic of Ghana, West Africa. All dollar amounts ...

Core Viewpoint - DPM Metals Inc. has updated its Mineral Resource and Mineral Reserve estimate for the Chelopech mine, extending its mine life to 10 years and indicating strong potential for continued resource replacement and exploration success [2][4]. Updated Mineral Reserve and Resource Estimate - The updated Mineral Reserve estimate shows a 42% increase in tonnage to 23.2 million tonnes, with a 12% increase in gold content and a 10% increase in copper content compared to the previous estimate [4][6]. - Proven and Probable Mineral Reserves now contain 1.6 million ounces of gold and 308 million pounds of copper, supporting a mine life extending to 2036 with average production levels of approximately 160,000 gold equivalent ounces per year [7][9]. - The Measured and Indicated Mineral Resource tonnage increased by 20% to 15.3 million tonnes, with grades of 1.96 g/t gold and 0.57% copper [4][14]. - The Sharlo Dere prospect has been included in the updated estimates, contributing 650,000 tonnes at a grade of 1.49 g/t gold and 0.52% copper [8][9]. Life of Mine Plan - The updated Life of Mine (LOM) plan maintains a mining rate of 2.2 million tonnes per year through 2032, optimizing net asset value [19][20]. - The current LOM plan projects total production of approximately 1.2 million ounces of gold, 2.4 million ounces of silver, and 231 million pounds of copper over the mine's life [42]. Exploration Potential - The Wedge Zone Deep discovery is highlighted as a significant opportunity for adding high-grade mineral resources, with further drilling planned to assess its potential [3][27]. - The company is also advancing the Chelopech North and Brevene licenses towards mining concessions, which could enhance future resource availability [29][30]. Financial Metrics and Assumptions - Long-term metal prices assumed for the evaluation of Mineral Reserves are $2,300/oz for gold, $23.00/oz for silver, and $3.50/lb for copper [17]. - The average operational cost applied is approximately $61/tonne, which includes operational and sustaining capital costs [21].

Core Insights - Tiger Gold Corp. has reported positive assay results from the first two drill holes of its ongoing campaign at the Tesorito deposit within the Quinchía Gold Project in Colombia, indicating strong potential for resource growth and improved confidence in mineralization [5][6][8]. Drill Results - The drill hole TSDH-68 returned 0.9 g/t Au over 139.6 m from 0.8 m downhole, including 30 m at 1.3 g/t Au, and TSDH-67 returned 0.7 g/t Au over 68 m from surface, including 1.7 g/t Au over 16 m [5][10][11]. - Both holes intersected strongly mineralized porphyry-hosted mineralization, with TSDH-68 showing higher-than-modelled grades in a sparsely drilled zone [9][11]. Drilling Campaign Details - The ongoing drill program consists of a 10,000-metre Phase 1 campaign aimed at expanding known mineralization and upgrading Inferred Mineral Resources to Indicated status [6][8]. - Two drill rigs are currently operational, with a third rig expected to arrive soon to enhance drilling efforts across high-impact targets [5][8]. Financial and Project Development - The company recently secured $16.3 million in financing to support its drilling activities and advance the Quinchía Gold Project towards pre-feasibility or feasibility-level studies [5][7]. - The Preliminary Economic Assessment (PEA) for the Quinchía Gold Project indicates a post-tax NPV (5%) of $534 million and an IRR of 21.3% based on a gold price of $2,650/oz [22]. Mineral Resource Estimates - The Quinchía Gold Project includes Mineral Resource estimates for the Miraflores and Tesorito deposits, with Inferred resources of 104 million tonnes at 0.47 g/t Au for 1.57 million ounces of gold [21][20].

Core Viewpoint - Zacatecas Silver Corp. is experiencing significant operational progress and regulatory improvements in Mexico, particularly benefiting its Esperanza Gold Project and overall portfolio [1][2]. Group 1: 2025 Progress and Current Portfolio - 2025 marked a revitalization year for the company, positioning it for a catalyst-driven 2026 with key accomplishments [2]. - The company controls a high-quality, resource-backed portfolio anchored by two advanced assets in Mexico, providing leverage to silver and gold [2]. Group 2: Regulatory Developments - A notable shift in Mexico's mining sector occurred with the granting of an open-pit mining permit to Silver Tiger Metals Inc., marking the first new permit since 2020 [5]. - This approval indicates an evolving regulatory environment, potentially opening doors for advanced projects like those of Zacatecas Silver [5][6]. Group 3: Project Details - The Zacatecas Silver Project has an inferred mineral resource of 20.5 million ounces of silver equivalent from 3.41 million tonnes at 187 g/t Ag Eq [4]. - The Esperanza Gold Project has a measured and indicated mineral resource of 30.5 million tonnes at 0.97 g/t AuEq, totaling 956,000 ounces AuEq [4][21]. Group 4: Drilling and Community Engagement - The company is set to commence a 4,000-metre drill program at the Zacatecas Silver Project, focusing on high-priority targets [9][10]. - Community engagement has been a critical success factor, with recent agreements providing secure access for drilling and future exploration [11]. Group 5: Strategic Positioning - The company believes Esperanza is one of the most compelling undeveloped gold assets in Mexico, particularly with the improving permitting environment [12][13]. - The macro backdrop for silver and gold is strengthening, and the company is well-positioned to benefit from these trends [14]. Group 6: CEO Commentary - The CEO highlighted the market's shift towards re-rating high-quality, buildable assets, emphasizing Esperanza's strategic importance in the current landscape [15].

Core Viewpoint - Americas Gold and Silver Corporation has increased the size of its private placement offering to US$115 million due to strong investor demand, which will consist of 28,750,000 common shares priced at US$4.00 each [2][3]. Group 1: Offering Details - The company has granted underwriters an option to purchase an additional 4,312,500 common shares at the same price, potentially raising an additional US$17.25 million [3]. - The net proceeds from the offering will be allocated towards funding the cash portion of an acquisition, capital expenditures, and working capital at the Crescent Mine, as well as general corporate purposes [4]. - The offering is expected to close around December 3, 2025, subject to regulatory approvals and other conditions [5]. Group 2: Company Background - Americas Gold and Silver is a growing North American mining company focused on producing silver, copper, and antimony from high-grade operations in the U.S. and Mexico [7]. - The company fully acquired the Galena Complex in December 2024, establishing it as a key U.S. silver asset and the leading active antimony-producing mine in the nation [7]. - With Eric Sprott as the largest shareholder, the company is well-funded for growth, having secured a C$50 million deal and a US$100 million term loan [7].

Core Viewpoint - PMET Resources Inc. has entered into a definitive agreement to acquire the Pikwa Property, expanding its land position in the James Bay region of Quebec, which is expected to enhance its exploration potential for multiple commodities [1][6][10]. Acquisition Details - The acquisition involves a 100% interest in the Pikwa Property from Azimut Exploration Inc. and SOQUEM Inc. [1][6] - The Pikwa Property consists of 509 mineral claims covering approximately 10 km of a highly prospective greenstone belt trend [2][3]. - The acquisition is subject to customary closing conditions, including approval from the Toronto Stock Exchange [6]. Geological Potential - The Pikwa Property is located immediately west of PMET's flagship Shaakichiuwaanaan Property and is part of a continuous land position of over 70 km of greenstone trend [3][5]. - The geological setting of the Pikwa Property indicates strong potential for various commodities, including orogenic gold, porphyry deposits, and LCT pegmatites [2][3]. - Historical exploration has identified spodumene-bearing pegmatite and spodumene grains in till, further enhancing the property's potential [3][4]. Strategic Importance - The acquisition is viewed as a strategic addition to PMET's land holdings, consolidating some of the most prospective LCT pegmatite trends globally [5]. - The Pikwa Property includes multiple base and precious metal targets, which have been the focus of historical exploration efforts [4][5]. Financial Considerations - Upon closing, PMET will issue an aggregate of 841,916 common shares at a deemed price of $3.68 per share to Azimut and SOQUEM [8]. - A 1% net smelter return royalty interest will be granted to both Azimut and SOQUEM in relation to the Pikwa Property [8].

Core Viewpoint - Honey Badger Silver Inc. announces the resignation of Mr. Dorian L. (Dusty) Nicol from its Board of Directors, effective immediately, while he will continue to support the company in a consulting role [1][2]. Company Leadership Changes - Mr. Andrew Jedemann has been appointed as Vice President of Exploration, bringing over eight years of experience in exploration, particularly in gold, nickel-copper, and PGE deposits [5]. - Mr. Ben Kuzmich will serve as Qualified Person (QP) for Honey Badger Silver, with extensive exploration experience and a successful track record in major drill programs [5]. Company Overview - Honey Badger Silver is focused on silver mining, with projects located in historically rich mining areas, including the Sunrise Lake project, which has a historic resource of 12.8 million ounces (Moz) of silver at a grade of 262 grams per tonne (g/t) [3][4]. - The company also holds the Plata high-grade silver project and the Clear Lake Project, which has an unclassified historic resource of 5.5 Moz of silver at a grade of 22 g/t [3][4]. Project Highlights - The Sunrise Lake project has indicated resources of 12.8 Moz of silver and 201.3 million pounds of zinc, and inferred resources of 13.9 Moz of silver and 247.8 million pounds of zinc [3][4]. - The Clear Lake Project has an unclassified historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc [3][4].

Core Insights - West Red Lake Gold Mines Ltd. has reported promising drill results from its Madsen Mine, indicating high-grade gold mineralization in the Austin Zone, with significant potential for further discoveries [1][2][3] Summary by Sections Drill Results - The recent drilling at the Madsen Mine has revealed high-grade gold intercepts, particularly in the Austin Zone, which has an Indicated mineral resource of 914,200 ounces at a grade of 6.9 grams per tonne and an Inferred resource of 104,900 ounces at 6.5 grams per tonne [2][3][29] - Notable drill results include Hole MM25D-12-4860-004, which intersected 7.75 meters at 139.45 grams per tonne gold, including a remarkable 2 meters at 532.25 grams per tonne [5][9] Mining Potential - The company is focusing on the lower portions of the Austin Zone, where historical mining occurred in the 1950s and 60s, suggesting significant untapped potential for gold recovery [2][3] - The ongoing drilling program aims to define near-term mining inventory and expand the current mineral resource, particularly in the Austin, South Austin, North Austin, and McVeigh Zones [16][29] Geological Context - The mineralization at the Madsen Mine is associated with broad alteration corridors and has been subjected to high temperatures during metamorphism, which has influenced the mineral assemblage [11][13] - The Austin structures are characterized by complex geological features, including folding and structural dismemberment, which may enhance the potential for high-grade gold deposits [11][14] Resource Estimates - The Madsen Mine currently hosts a total Indicated resource of 1.65 million ounces of gold at a grade of 7.4 grams per tonne, with an Inferred resource of 0.37 million ounces at 6.3 grams per tonne [29] - The mine also contains Probable reserves of 478,000 ounces at a grade of 8.16 grams per tonne, based on a gold price of US$1,680 per ounce [29]

Core Insights - Eloro Resources Ltd. has reported further assay results from its definition drill program at the Iska Iska project, indicating an expansion of the hydrothermal system's footprint to approximately 800m by 500m by 500m deep, with dimensions increased by 100m along and across strike compared to previous reports [3][5][6] - The drilling program has completed a total of 6,242m in twelve holes, with significant results from five holes reported, including high-grade intersections of tin and silver [3][5][6] - The Santa Barbara Zone remains open laterally and downdip, presenting opportunities for further drilling to expand and upgrade mineral resources for the planned Preliminary Economic Assessment (PEA) [5][6] Drill Results - Hole DSB-87 intersected 213.00m grading 0.51% tin and 25.46 g/t silver, marking the longest and highest-grade tin intersection obtained so far at Iska Iska [6][10] - Hole DSB-86 intersected a long interval of zinc and lead grading 0.81% Zn and 0.80% Pb over 241.50m, including a higher section grading 1.56% Zn and 0.98% Pb over 100.50m [9][10] - DSB-80 and DSB-84 also reported several higher-grade intervals of silver, tin, and zinc, with notable grades such as 53.10 g/t Ag over 15.00m and 31.62 g/t Ag over 16.50m respectively [6][9][10] Geological Context - The Iska Iska project is characterized as a major silver-tin polymetallic porphyry-epithermal complex, associated with a Miocene caldera, and is located in a region known for significant mineral deposits [22][23] - The hydrothermal system at Iska Iska shows strong scale and complexity, with indications of significant tin-polymetallic endowment based on the dynamic nature of hydrothermal events observed in drill cores [5][6][23] Future Prospects - The ongoing drilling program aims to further delineate the mineralized zones and confirm larger extensions of both tin and polymetallic systems at Iska Iska, with the potential for significant resource upgrades [5][6][10] - The results from the current drilling phase are expected to unlock additional value for shareholders and enhance the project's viability for future development [5][6]