Galloper Announces Option Grant, Insider Share Purchases and Marketing Agreement

Rhea-AI Summary

Galloper Gold (OTC: GGDCF) granted 1,500,000 stock options at an exercise price of $0.10, vesting over two and three years. CEO Hratch Jabrayan bought 644,992 shares at an average $0.09. Insiders bought 2,500,000 units in a private placement; insiders now hold 11,430,671 shares (~11.80% of outstanding shares as of Feb 25, 2026). Galloper signed a six-month marketing agreement with Existing Agency for $5,000 per month starting Feb 23, 2026; no securities will be issued for services.

Positive

• Insider buying of 644,992 shares at $0.09
• Insiders hold 11.80% of outstanding shares
• Marketing contract secured: $5,000/month for six months

Negative

• 1,500,000 options granted at $0.10 could cause future dilution
• Insiders participated in related-party 2,500,000 unit private placement

Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) (the "Company" or "Galloper") announces that, in accordance with the provisions of its omnibus equity incentive plan, it has granted incentive stock options (the "Options") to purchase a total of 1,500,000 common shares (the "Shares") of the Company at an exercise price of $0.10 per Share to certain consultants who have been engaged for capital markets advisory services. Certain Options will vest quarterly over a period of two years from the date of grant and certain Options will vest quarterly over a period of three years from the date of grant.

The Company is also pleased to announce that its CEO, Hratch Jabrayan, has acquired 644,992 Shares in the capital of the Company in the open market since February 9, 2026, the closing date of the Company's non-brokered private placement ("Private Placement"). The Shares were acquired at an average price of $0.09 per Share.

In addition, the Company is pleased to announce that certain insiders of the Company purchased an aggregate of 2,500,000 units of the Company in the Private Placement that closed on February 9, 2026. The participation by such insiders in the Private Placement constituted a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. For details on the Private Placement, refer to the Company's news release dated February 10, 2026.

The purchase of securities of the Company by Mr. Jabrayan in the open market and by the insiders in the Private Placement reflects confidence in the intrinsic value of the stock and the near-term and long-term growth prospects of the Company.

With these purchases, insiders of the Company, in the aggregate, now own or control 11,430,671 Shares, representing approximately 11.80% of the Company's issued and outstanding Shares as of February 25, 2026.

The Company is also pleased to announce that it has entered into a marketing agreement (the "Agreement") with Existing Agency Inc. ("Existing Agency") of Toronto, Ontario, pursuant to which Existing Agency will provide the Company with marketing and media services (the "Services") for an initial term of six (6) months commencing February 23, 2026 and ending on August 23, 2026. The scope of the Services to be provided include webinars, press release distribution, content promotion across mining networks, forums, and active investor communities, video interviews.

The Company has agreed to pay Existing Agency a fee of $5,000 per month, plus applicable taxes, for the duration of the initial term. The Agreement may be renewed for an additional six (6) months by mutual agreement between the parties.

The Company will not issue any securities to Existing Agency as compensation for the services. As of the date hereof, to the Company's knowledge, Existing Agency does not own any securities of the Company and has an arm's-length relationship with the Company.

The contact information for Existing Agency is 1400 - 120 Adelaide Street West, Toronto, Ontario M5H 1T1; contact: Cassandra Woloschuk, e-mail: cass@weareexisting.com, phone: 647-215-6243.

About Existing Agency Inc.

Existing Agency is a creative and digital agency dedicated to fuelling innovation, impact, and influence. As collaborative media strategists and brand builders, we combine visionary creativity with data-driven insights to craft impactful solutions across social media management, content creation, paid amplification, design, branding, video production, and web development. From mining companies to consumer-packaged goods brands, we work seamlessly across sectors to bring ideas to life through strategy-backed storytelling. With an in-house team handling everything from audience research and community growth to video production and website delivery, we empower brands to connect meaningfully, engage effectively, and grow sustainably.

About Galloper Gold Corp.

Galloper Gold Corp. is focused on mineral exploration in central Newfoundland on its Glover Island exploration project. The property comprises 466 mining claims on 13 mineral licences covering 116.6sqkm (11,660 Ha). Historic exploration efforts produced the LPSE Resource which is wholly controlled by Galloper Gold Corp.

For more information please visit www.GalloperGold.com and the Company's profile on SEDAR+ at www.sedarplus.ca.

On behalf of the Board of Directors,

Mr. Hratch Jabrayan
CEO and Director
Galloper Gold Corp.

Company Contact:

info@gallopergold.com
Tel: 778-655-9266

Investor Relations:
Hratch@GalloperGold.com

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally, risks related to capital markets, risks related to the state of financial markets or future metals prices and the other risks described in the Company's publicly filed disclosure.

Management has provided the above summary of risks and assumptions related to forward-looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285354

FAQ

How many stock options did Galloper Gold (GGDCF) grant on February 25, 2026?

Galloper granted 1,500,000 incentive stock options at a $0.10 exercise price. According to the company, options vest quarterly over two- and three-year schedules for consultants engaged in capital markets advisory services.

What insider purchases did Galloper Gold (GGDCF) report in February 2026?

CEO Hratch Jabrayan bought 644,992 shares at an average $0.09 per share. According to the company, this purchase occurred in the open market after the Feb 9, 2026 private placement close.

How much of Galloper Gold (GGDCF) do insiders own after the February 2026 transactions?

Insiders now own or control 11,430,671 shares, representing about 11.80% of issued and outstanding shares. According to the company, this total reflects purchases and private placement participation through Feb 25, 2026.

What are the terms of Galloper Gold's marketing agreement announced February 26, 2026?

Galloper signed a six-month agreement with Existing Agency for $5,000/month, starting Feb 23, 2026 and ending Aug 23, 2026. According to the company, services include webinars, press distribution, content promotion and video interviews; no securities were issued.

Did any related-party transactions occur in Galloper Gold's February 2026 financing (GGDCF)?

Yes; certain insiders purchased 2,500,000 units in the Feb 9, 2026 private placement, constituting a related-party transaction under Multilateral Instrument 61-101. According to the company, details were disclosed and prior news provides full private placement terms.