Galiano Gold Inc.

Next Steps

Based on the continued exploration success at Abore, the 2025 drilling campaign will now be expanded beyond the completion of the current Phase 2 program and is anticipated to extend into 2026 to rapidly increase drill density within the zone immediately below the current Abore Mineral Resource with the goal of growing Inferred and Indicated Mineral Resources. The program will also continue to aggressively test multiple priority targets for further continuations of high-grade mineralization along plunge and beneath the known mineralized zones, which all remain open.

Key areas of strategic interest include the 'saddle' zone connecting the Abore South and Main pits, as well as sections directly below the North pit, which present compelling mine optimization opportunities. Mineralization remains open at depth and across the entire 1,800m of strike of the Abore deposit. The Company is undertaking studies to evaluate underground mining potential and to define the optimal transition depth between open pit operations and potential future underground development.

The exploration team at the AGM is well positioned to execute this aggressive drilling strategy with a fully staffed, highly skilled team on site, sufficient funding, and the full support of the Company's management and Board of Directors. As demonstrated during the ramp up of the Phase 2 drilling, the Company was able to leverage strong relationships with our in-country drilling contractors to obtain high quality equipment and crews and plan to ramp up to a minimum of five to six drill rigs at Abore throughout the duration of this next phase of drilling.

Figure 2: Gram meter long section through Abore showing priority drill targets for immediate continuation of drilling, showing the zone in which drill density will be increased for potential Resource category conversion, as well as the highest priority targets for testing for new continuations of mineralization.