Galleon Gold Completes Repurchase of Royalty on the West Cache Project

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[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 31, 2025) - Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) (the "Company" or "Galleon Gold") is pleased to announce that it has successfully completed the repurchase of a 3% net smelter return royalty (the "Royalty") on the Company's West Cache Gold Project ("West Cache" or the "Project") from a wholly-owned subsidiary of Newmont Corporation ("Newmont") (Previously announced on October 16, 2025).","length":504,"tagName":"p"},{"type":"text","content":"Pursuant to the agreement, Galleon Gold has exercised its existing right to repurchase 1% of the Royalty for $1,000,000 and, concurrently, paid $10,000,000 to acquire the remaining 2% Royalty. Upon closing of the transaction, the Royalty has been fully extinguished, resulting in West Cache's principal resource being 100% unencumbered by net smelter return royalties. All amounts are in Canadian dollars.","length":409,"tagName":"p"},{"type":"text","content":"CEO Comment","length":11,"tagName":"p"},{"type":"text","content":"David Russell, President and CEO of Galleon Gold, commented, "We are very pleased to have successfully completed this transaction with Newmont. As West Cache advances toward development, the elimination of the Royalty significantly strengthens West Cache's long-term economics. Completing this repurchase of the NSR at a pre-development stage positions the Company to create maximum value for Galleon Gold's shareholders as the Project continues to grow."","length":473,"tagName":"p"},{"type":"text","content":"About the Royalty","length":17,"tagName":"p"},{"type":"text","content":"The Royalty originated from an option agreement dated July 12, 1999, exercised on or about August 17, 2005, under which Placer Dome (CLA) Limited was granted a net smelter return royalty covering mineral claims that now form part of the West Cache property package. Through a series of historical transactions, the Royalty was transferred to successor entities, with Newmont, through a wholly-owned subsidiary, being the holder of the Royalty immediately prior to closing. Galleon Gold, through its wholly-owned subsidiary Explor Resources Inc., was the payor of the Royalty prior to its repurchase and extinguishment.","length":618,"tagName":"p"},{"type":"text","content":"Abou...

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