Andacollo Gold Project Crushing Plant Acquisition

under construction

Galantas Gold Corporation has entered into a binding agreement to acquire a complete three-stage crushing plant and associated agglomeration plant equipment located in Mexico for installation at its 100%-owned Andacollo Gold Project in Chile. The crushing plant has a nominal throughput capacity of approximately 20,000 tonnes per day and is reported to be in good operating condition. The acquisition is a significant milestone in the company's restart strategy and forms a key component of the planned development of the Andacollo Gold Project. M3 Engineering & Technology Corporation has been appointed to execute the relocation, including detailed engineering, disassembly planning, logistics, transportation engineering, and preparation for reassembly and commissioning in Chile. Gold production at Andacollo Gold is expected to commence in Q1 2027.