Galleon Gold Announces Retirement of Director

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Galleon Gold (OTCQX:GGOXF) announced the retirement of director Mario Colantonio, effective immediately. He is stepping down from the Board after many years of service.

The Board thanked Colantonio for his dedicated service, guidance, and contributions to Galleon Gold's growth and development, and extended best wishes for his retirement.

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Toronto, Ontario--(Newsfile Corp. - July 6, 2026) - Galleon Gold Corp. (TSXV: GGO) (OTCQX: GGOXF) (FSE: 3H90) ("Galleon Gold" or the "Company") announces that Mr. Mario Colantonio has advised the Board of Directors (the "Board") of his retirement as a director of the Company, effective immediately. The Board sincerely thanks Mr. Colantonio for his many years of dedicated service, thoughtful guidance, and significant contributions to the Company's growth and development. The directors and management wish Mario all the best in his retirement and future endeavors.

About Galleon Gold

Galleon Gold is advancing the West Cache Gold Project with a disciplined, de-risking strategy centered on resource growth and an upcoming 86,500-tonne bulk sample program, positioning the Company to unlock long-term shareholder value.

For further information:
Galleon Gold
R. David Russell
Chairman and CEO
T. (416) 644-0066
info@galleongold.com

Graham Farrell
Investor Relations
T. (416) 842-9003
grahamfarrell@galleongold.com

Forward-Looking Statements

This news release contains certain "forward-looking statements", as defined under applicable Canadian securities laws, that reflect the current views and/or expectations of Galleon Gold with respect to its long-term strategy, proposed work, plans, bulk sample program and other reports including the PEA for its projects. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which Galleon Gold operates. Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans, and objectives of Galleon Gold are forward-looking statements that involve various risks. The following are important factors that could cause Galleon Gold's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions and uncertainty of access to additional capital, risks inherent in mineral exploration, delays in the receipt of government approvals, risks associated with development, construction, mining operations and third party contractor activities, risks related to unanticipated events related to health, safety and environmental matters. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Galleon Gold undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) 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/304129

FAQ

What board change did Galleon Gold (GGOXF) announce on July 6, 2026?

Galleon Gold announced that director Mario Colantonio has retired from the Board, effective immediately. The Board expressed gratitude for his years of service and his contributions to the company’s growth and development.

When did Mario Colantonio retire from the Galleon Gold (GGOXF) board?

Mario Colantonio’s retirement from the Galleon Gold Board is effective immediately as of July 6, 2026. According to the company, he informed the Board of his decision and received formal thanks for his long service.

What did Galleon Gold say about Mario Colantonio’s contributions to GGOXF?

Galleon Gold said Mario Colantonio provided many years of dedicated service and thoughtful guidance. According to the company, he made significant contributions to its growth and development, and directors and management wished him well in retirement.

Does the retirement of Mario Colantonio affect Galleon Gold’s Board immediately?

Yes, Mario Colantonio’s retirement from Galleon Gold’s Board is effective immediately. According to the company, he has stepped down as director, and the Board has formally recognized his service and extended best wishes.

How did Galleon Gold respond to Mario Colantonio’s retirement from the Board?

Galleon Gold responded by sincerely thanking Mario Colantonio for his service and guidance. According to the company, the Board and management praised his significant contributions and wished him all the best in his retirement and future endeavors.