Galileo Resources Plc announced update on Lithium Discovery - Kamativi Project. Following the recent announcement concerning the lithium discovery on Galileo's Kamativi licence in Zimbabwe, the Company considers it prudent to detail the history, work completed to date and rationale for drilling together with a licence-wide technical review for the benefit of shareholders. This announcement incorporates the drilling results announced on 10 August 2023.

Background and Basis for Exploration Strategy: The Kamativi district is well-known for tin and latterly the ongoing development of a substantial lithium mining and processing operation at the former Kamativi tin mine. Late-stage pegmatites mined on the neighbouring Kamativi mine are found in the Kamativi Formation hosted in a granitic terrane, mostly steeply dipping. This same highly prospective pegmatite-bearing formation extends along strike to the southwest and northeast into Galileo's exploration licence from the Kamativi mine licence.

Exploration is guided by a wealth of external research underpinned by current work completed by CSA Global consultants ('CSA') on behalf of the Company looking specifically at the results of pXRF analyses for lithium indicator minerals (lithium analysis requires follow-up laboratory testing) on stream sediment, rock chip and soil samples collected by Galileo and the corresponding independent external certified analyses undertaken by ALS Laboratories. Such fractionated lithium - tin-rich pegmatites are found on the Galileo Licence and extend through to the neighboring Kamativi mine licence where they were selectively mined for tin generating a large tailings resource rich in lithium with a reported average grade of 0.58% Li2O. The lithium minerals identified at the Kamativi mine include spodumene, petalite and amblygonite.

late-stage pegmatites in the Kamativi formation hosting this mineralisation pass through the western and eastern parts of the Galileo licence and the discovery of extensive lithium soil anomalies based on accredited independent assays may indicate the presence of some or all of these lithium minerals in pegmatites delineated within the Galileo licence. CSA Global during their independent assessment of all available data collected by Galileo over the Licence note that low K/Rb ratios coincide with areas of highest lithium anomalism which are associated with the most fractionated rocks - "rendering these areas most prospective". This is aligned with independent research that also identifies the significance of low K/Rb ratios as an indicator of lithium potential.

Galileo exploration has identified the western part of the Licence as being characterised by low K/Rb ratios (acknow acknowledged by CSA) and anomalous in Li and Sn whilst the eastern part of the Licence is richer in rare earth elements ('REE') and Ta - Sn anomalies, although some Li potential also exists. Within the western anomalous area CSA note that individual soil samples above/in vicinity of mapped pegmatites show very high concentrations of several of the key pathfinder elements, and some of those coincide with rock-chip samples characterised by low K/Rb and/or high Sn. The eastern part of the Licence hosts soils that are somewhat less enriched in late-stage pegmatite pathfinder elements but there are areas strongly enhanced in REEs, including heavy REEs as determined by laboratory analyses.

Current Drill Programme: To date 6 holes have been drilled for over 700m of diamond drilling. Core recoveries are good, and drilling is producing high quality core that can be logged, split and sampled. All core is initially tested by pXRF specifically for measurement of K/Rb ratios to guide further exploration drilling.

A quarter core sample is collected and sent to an accredited Zimbabwean laboratory for lithium analysis. A further half core sample will be sent to a separate accredited ALS Global assay laboratory in South Africa for multi-element analysis including lithium assay laboratory for multi- element analysis including lithium assay. To date in the first six holes have intersected approximately 111 metres downhole width of pegmatites with an appropriately low K/Rb ratio with the potential to host lithium mineralisation.

The assay summary for the lithium intercept in hole BSDD001 (drilled at -50 degrees towards north).