GALANTAS GOLD ANNOUNCES HISTORICAL RELATED PARTY TRANSACTION AND PDMR DEALINGS

Toronto, Ontario - January 20, 2026 - Galantas Gold Corporation (TSX-V: GAL | AIM: GAL) ("Galantas" or the "Company") announces the following related party transaction, PDMR Share Dealing and Historic PDMR Share Dealings.

Related Party Transaction

On January 2, 2026 the Company announced the closing of a private placement (the "Brokered Offering") of 186,250,000 units of the Company (each, a "Unit") at a price of $0.08 per Unit (the "Offering Price"), for aggregate gross proceeds of $14,900,000. Each Unit is comprised of one common share of nil par value ("Galantas Share") and one Galantas Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Galantas Share at a price of $0.12 for a period of 36 months from the date hereof.

Mario Stifano, Chief Executive Officer of the Company, participated in the Brokered Offering for 400,000 Units, purchasing these Units at the Offering Price for a total consideration of $32,000 (the "Stifano Participation"). George Duguay, an officer of the Company, also participated in the Brokered Offering for 500,000 Units at the Offering Price for a total consideration of $40,000.

Mr Stifano is deemed a related party to the Company for the purposes of the AIM Rules for Companies, and the Stifano Participation is considered a related-party transaction for the purposes of Rule 13 of the AIM Rules for Companies. Accordingly, the Stifano Participation should have been evaluated and announced as a Related Party Transaction under AIM Rule 13 at the time.

In accordance with AIM Rule 13, the Directors of the Company, excluding Mr Stifano, having consulted with the Company's nominated adviser, consider that, at the time it was entered into, the terms of the Stifano Participation were fair and reasonable, insofar as the Company's shareholders are concerned.

Historic PDMR Share Dealings

On June 25, 2021, the Company announced that Mr Stifano had on June 23, 2021, purchased 500 Galantas Shares at an average price of C$0.73. The number of Galantas Shares purchased was incorrectly disclosed and should have been 800 Galantas Shares. The Company received notification on January 20, 2026, that on November 25, 2022, Mr Stifano sold 1,375 Galantas Shares at an average price of $0.53.

Following the Stifano Participation and the aforementioned disclosures, Mr Stifano holds 641,278 Galantas Shares, representing approximately 0.14% of the Company's issued share capital.

About Galantas Gold Corporation

Galantas Gold Corporation is a publicly traded gold company focused on the acquisition, development, and advancement of gold assets in stable mining jurisdictions. The Company is currently advancing the Indiana Gold-Copper Project in Chile, an advanced-stage project with a substantial historical resource base. A Preliminary Economic Assessment is under way, and the Company is planning a drill program expected to commence in the first quarter of 2026, subject to permitting, financing, and regulatory approvals. Galantas' strategy is to build long-term shareholder value through disciplined capital allocation, technically rigorous project evaluation, and responsible development of high-quality mineral assets.

Enquiries

Galantas Gold Corporation
Mario Stifano - Chief Executive Officer
Email: [email protected]
Website: www.galantas.com
Telephone: +44 (0)28 8224 1100

Grant Thornton UK LLP (AIM Nomad)
Philip Secrett, Harrison Clarke, Elliot Peters
Telephone: +44 (0)20 7383 5100

SP Angel Corporate Finance LLP (AIM Broker)
David Hignell, Charlie Bouverat (Corporate Finance)
Grant Barker (Sales & Brokering)
Telephone: +44 (0)20 3470 0470