Galantas Gold to Acquire 20,000 TPD Crushing Plant for Andacollo Gold Project, Chile

About this update from Galantas Gold Corporation

TORONTO, ON / ACCESS Newswire / July 13, 2026 / Galantas Gold Corporation (" Galantas " or the " Company ") (TSX-V:GAL)(AIM:GAL)(OTC PINK:GALKF) announces that it has entered into a binding agreement to acquire a complete three-stage crushing plant and associated agglomeration plant equipment located in Mexico for installation at its 100%-owned Andacollo Gold Project in Chile, for total consideration of US$4.2 million. Completion remains subject to execution of a definitive asset purchase agreement and satisfaction of customary conditions, including regulatory, corporate, export, import and other third-party approvals. The crushing plant is designed for a nominal throughput capacity of approximately 20,000 tonnes per day and is reported by the seller to be in good operating condition, subject to Galantas' ongoing technical, legal and title due diligence. The acquisition represents a significant milestone in the Company's restart strategy and forms a key component of the planned development of the Andacollo Gold Project. To execute the relocation of the plant, Galantas has appointed M3 Engineering & Technology Corporation ("M3"), an internationally recognized engineering firm with extensive experience in the design, construction and delivery of large mining projects throughout the Americas. M3 has commenced the detailed engineering and project execution activities, including plant documentation, disassembly planning, logistics, transportation engineering, and preparation for reassembly and commissioning in Chile. With the crushing facility now secured, the Company expects gold production at Andacollo Gold to commence in Q1 2027. Mario Stifano, CEO of Galantas, commented: "This acquisition is another major execution milestone for Galantas and materially advances the development of the Andacollo Gold Project. Securing a high-quality, proven crushing plant significantly reduces project execution risk, shortens the development schedule and represents substantial capital savings compared with constructing a new crushing facility. Together with our engineering partners at M3, we have now transitioned from project planning into active execution." Robert Sedgemore, SVP of Operations of Galantas, continued: "Our project execution team is now fully mobilized at Andacollo Gold. Engineering has commenced, procurement activities are accelerating, site infrastructure work is progressing, and we continue to advance the permitting,

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