Galleon Gold Corp. announced excellent results from recent metallurgical test work (the "Study") performed on a composite sample representative of the material to be mined from the Company's planned 86,500 tonne exploration bulk sample. The Study was undertaken to evaluate gold recoveries from flotation and gravity-flotation methods.

In contrast, the Company's 2021 metallurgical work investigated cyanidation, gravity-cyanidation, and gravity-flotation-cyanidation on three composites of different grade ranges. Both studies, carried out by SGS Canada's Lakefield, Ontario laboratory, indicate that Zone #9 gold is well-liberated and amenable to high recoveries by the various methods tested. Highlights: Rougher flotation up to 98.5 % gold recovery, Gravity tailings flotation up to 97.1 % recovery, Rapid rougher flotation with ~95 % gold recovery in ~11 % mass pull with a plateau in ~15 % mass pull, and 93 % of gold floated in the first two minutes for the flotation-only sample and 95 % in four minutes for the gravity-flotation sample.

"Whole Ore" is used as part of SGS Canada's metallurgical testing terminology and does not imply that the material tested from the West Cache Gold Project is revenue-generating "ore" as defined by NI 43-101. "Whole Ore Test F1" refers to flotation of the composite sample without prior concentration by gravity recovery methods ("Gravity Tailings Test F2"). Composite Sample: The composite sample was comprised from twenty-nine drill core samples from three holes into the Zone #9 area and planned bulk sample stopes, as shown in Figure 3. The average fire assay head grade was 8.90 g/t Au and the screened metallics grade was slightly higher at 9.26 g/t Au as shown in Table 1. A reconciled head grade of 9.35 g/t Au was calculated after the test work was complete, which confirms grade composites from infill drilling and resource estimation data in the bulk sample area.