Mr. Stephen Shea, Former Managing Partner, Talent at Ernst & Young Joins Galloper Gold Board of Directors

Rhea-AI Summary

Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) has appointed Stephen Shea, former Managing Partner of Talent at Ernst & Young, to its Board of Directors. Shea brings extensive experience from his 12-year tenure on EY's Executive Committee (2010-2022) and significant background in the gold mining industry, including work with Dome Mines Group (now Barrick Gold). His expertise includes experience with exploration projects, mine construction, and acquisitions. Shea holds a BSc from University of Toronto, an MBA from Schulich School of Business, and is a Harvard Senior Leadership Program graduate. The appointment comes as Galloper advances its flagship Glover Island asset in Newfoundland, where the company recently completed six diamond drill holes in 2024 and plans for an expanded drilling program in 2025. Mark Scott has resigned from the board to accommodate Shea's appointment.

Positive

• Addition of highly experienced executive with gold mining industry background
• New director brings expertise in exploration, mine construction, and acquisitions
• Company completed first diamond drilling program at Glover Island since 2012
• Plans for expanded drilling program in 2025

Negative

• None.

VANCOUVER, BC / ACCESS Newswire / May 1, 2025 / Galloper Gold Corp. (CSE:BOOM)(OTC:GGDCF) (the "Company" or "Galloper") is pleased to announce that Mr. Stephen Shea CA-CPA, a former Executive and Senior Partner at E&Y has joined Galloper's Board of Directors.

As Managing Partner, Talent at EY, Mr. Shea was a critical member of the Canadian Firm's Executive Committee for more than a decade until his retirement in 2022. EY Canada is an integrated professional services firm with more than 400 partners, 6,500 professionals and revenue more than $1.5 billion.

Amongst other board and senior executive positions, Mr. Shea served on EY's Executive Committee from 2010-2022, he also was a member of EY Americas Talent Executive Committee 2010-2022.

Earlier in his career, in the audit practice, Mr. Shea served the gold mining industry working with the Dome Mines Group which eventually evolved into Barrick Gold Corporation. This experience included working with exploration stage projects, new mine construction (Detour Lake) and acquisitions.

Galloper's CEO, Mr. Hratch Jabrayan, commented: "I am delighted that Stephen has joined our Board as we continue the process of turning Galloper into a leading junior gold company in Newfoundland with our flagship Glover Island asset Importantly, As a Global Client Coordinating and Consulting Partner in the resource sector, Stephen vast experience in EY's integrated client service delivery will bring immense value to Galloper as we strategically move forward with our exploration plans in 2025 and onwards.

Mr. Shea commented: "I am thrilled to be joining an executive group which has the potential and ability to drive this early-stage exciting project forward. I'm looking forward to assisting Hratch and the Galloper team in bringing value to our shareholders."

Mr. Shea has a Bachelor of Science (Honours) from University of Toronto, and an MBA from Schulich School of Business, York University and is a graduate of the Senior Leadership Program at Harvard University.

To make room for Mr. Shea on the Galloper Board, Mr. Mark Scott has resigned as a Director of the Company. Galloper thanks Mr. Scott for his contributions as a Director.

Figure 1 - "Four Corners" Mining Region of Western Newfoundland

Investors are cautioned that mineralization on adjacent properties is not necessarily indicative of the mineralization at Glover Island or the potential for a resource.

Figure 2 - Glover Island Property Map

Acknowledgment - Newfoundland & Labrador Junior Exploration Assistance Program

Galloper Gold acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

About Galloper Gold Corp.

Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its flagship Glover Island Property, 24 km southeast of Corner Brook, and its Mint Pond prospect in the Gander area. Galloper completed the first diamond drilling program at Glover Island since 2012 in 2024, completing six holes and is preparing for a robust drill program in 2025.

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:
MarketSmart Communications
Tel: 877-261-4466

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.

SOURCE: Galloper Gold Corp.

View the original press release on ACCESS Newswire

FAQ

Who is Stephen Shea and why did he join Galloper Gold (GGDCF) board?

Stephen Shea is the former Managing Partner of Talent at Ernst & Young who joined Galloper Gold's board in May 2025. He brings extensive experience from EY's Executive Committee and background in gold mining industry, including work with exploration projects and mine construction.

What are Galloper Gold's (GGDCF) main mining assets?

Galloper Gold's flagship asset is the Glover Island Property, located 24 km southeast of Corner Brook in Newfoundland. The company also owns the Mint Pond prospect in the Gander area.

What recent drilling activities has Galloper Gold (GGDCF) completed?

Galloper Gold completed its first diamond drilling program at Glover Island since 2012 in 2024, consisting of six holes, and is preparing for a more extensive drill program in 2025.

What is Stephen Shea's professional background before joining Galloper Gold (GGDCF)?

Stephen Shea served as Managing Partner, Talent at EY Canada, was on EY's Executive Committee from 2010-2022, and has experience in the gold mining industry working with Dome Mines Group (now Barrick Gold). He holds degrees from University of Toronto, Schulich School of Business, and Harvard University.