Galleon Gold Corp. report assay results from its 2022/23 exploration and geomechanical drill programs at its West Cache Gold Project in the prolific Timmins Gold Belt near Timmins, Ontario. The Company completed 3,527 meters of NQ drilling in eight (8) exploration drillholes and/or drillhole extensions to better define multiple gold-bearing zones located 300 meters south of Zone #9 and only 100 meters south of planned development ramps.

There are two predominant mineralized horizons emerging in the South Area felsic metavolcanic unit, the "Upper South Zones" just below the contact with metasediments and the "Lower South Zones" nearer the metavolcanic unit's lower contact with metasediments. The upper zones dip 55° to the north like Zone #9 while the lower zones dip 80° to vertical. Upper South Zone WC-22-131EX tested the South Area along strike 100 meters west of the 2020 discovery holes and intersected several mineralized horizons, including 8.76 g/t Au over 1.8 m. This interval includes both pyrite-sphalerite-chalcopyrite mineralization and quartz-carbonate-tourmaline veining.

3.20 g/t Au over 3.2 m in WC-22-214 with up to 15% semi-massive pyrite located 35-meters due south of the bulk sample decline 1.16 g/t Au over 3.5 m in WC-22-218 with up to 25% sulphide (pyrite-sphalerite-chalcopyrite) 1.07 g/t Au over 6.3 m in WC-22-174EX, including 3.05 g/t Au over 1.0 m located 25-meters south of the bulk sample development ramp Lower South Zone WC-22-215 with 2.85 g/t Au over 35.2 m, including 79.2 g/t Au over 0.7 m recently underwent multi-element analysis and this zone returned 140 g/t Ag in the 79.2 g/t Au sample within semi-massive to massive sulphide mineralization. This intercept is 50 meters up-dip from WC-20-077 (2020 drillhole) with 1.03 g/t Au over 41.5 m, including 2.63 g/t Au over 7.5 m. Hole WC-22-216 intersected 2.30 g/t Au over 5.5 m, including 6.39 g/t Au over 1.5 m 25-meters west of the -215 intercept in the lower zones Broad intercepts of elevated gold have been intersected in the lower zones over 180 meters of dip Extent The South Area host rocks vary from felsic to intermediate volcanics within an assemblage coarse- to fine-grained metasediments. Mineralized intervals are generally composed of stringer to semi-massive pyrite-sphalerite-chalcopyrite-pyrrhotite and strike east-west with a northerly dip from 55° to nearly vertical.

Visible gold was observed in two holes during the 2022 exploration drilling program ­ both times in quartz-carbonate-tourmaline veins hosted in metavolcanics. The South Area's proximity to the bulk sample planned workings provides an opportunity to better define the deeper gold zones with future underground drilling, while surface drilling will target up-dip extensions known from previous drilling to "daylight" at the bedrock interface. West Cache Geotechnical Drilling In late 2022, Galleon Gold completed 876 meters of HQ3 geomechanical drilling in eight (8) holes and commenced overburden (till) drilling and test pit sampling - all in support of the Zone #9 bulk sample facilities and underground access detail design.

Geomechanical hole WC-22-219A intersected Zone #9 and returned 9.97 g/t Au over 5.0 m within a broader zone of 5.53 g/t Au over 12.5 m. provides a plan map identifying the South Area in relation to the Zone #9 bulk sample planned workings.