Galiano Gold (GAU) Registration Filing summary

Company overview and business model

• Operates the Asanko Gold Mine (AGM) in Ghana, West Africa, with a 90% interest following a recent acquisition.

• AGM is a multi-deposit complex with four main open-pit deposits and a CIL processing plant with 5.8 Mtpa capacity.

• Business strategy focuses on sustainable value creation through production, exploration, and disciplined financial deployment.

• Recent milestones include restarting mining at Abore, acquiring Gold Fields Limited's 45% AGM JV interest, and updating mineral reserves/resources.

Financial performance and metrics

• Produced 20,734 ounces of gold and sold 26,994 ounces at an average realized price of $2,833/oz in Q1 2025.

• All-in sustaining costs for Q1 2025 were $2,501 per gold ounce sold.

• Positive cash flow from operating activities for the year ended December 31, 2024.

Use of proceeds and capital allocation

• Net proceeds from securities sales intended for general corporate and working capital, funding operations, repaying debt, acquisitions, or other corporate purposes.

• Proceeds may also be used to fund negative cash flow from operations if needed in future periods.