Issuance of share options

28 November 2022

Galileo Resources Plc ("Galileo" or the "Company") Issuance of share options

Galileo, the exploration and development mining company, announces that options to subscribe for 1,000,000 new ordinary shares of the Company ("Ordinary Shares") were granted on 25 November 2022 to a consultant of the Company at an exercise price of 2.25 pence per share, vesting immediately.  The options have a term of five years and any unexercised options will expire at midnight on 25 November 2027.

The option exercise price is at approximately 58% premium to the closing mid-market price as at 24 November 2022 of 1.42 pence.

A copy of this announcement is available on the Company's website www.galileoresources.com .

You can also follow Galileo on Twitter: @GalileoResource.

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact: Galileo Resources PLC