Galleon Gold Corp. reported initial drill results from its 2022 drill program at its 100% owned West Cache Gold Project (West Cache or the Project) in Timmins, Ontario. Highlights from WC-22-215 - South Area Intercepts: 13.29 g/t Au over 4.5 m (from 260.5 to 265.0 m); Including 79.2 g/t Au over 0.7 m; 5.23 g/t Au over 5.7 m (from 290.0 to 295.7 m); Including 13.68 g/t Au over 1.7 m; Both high grade zones were encountered within a broad interval of gold mineralization averaging 2.85 g/t Au over 35.2 m; Overall, Hole 215 intercepts correlate with broad and selective gold zones down-dip in holes WC-20-77 and 78 to provide over 100 meters of dip continuity; Significant dip extensions could be added with intercepts in WC-22-218 (assays pending) and contemplated up-dip drilling in the near future.

Discussion and Results: Hole WC-22-215 was collared to intersect South Area mineralized zones within a gap between near-surface (2.53 g/t Au | 9.0 m, including 7.96 g/t Au | 2.03 m in WC-21-192) and deeper intercepts (2.63 g/t| 7.5 m, including 6.95 g/t Au | 2.0 m in WC-20-077) drilled during the 2020-2021 program. Provides a cross sectional view of the intercepts, where drilling continues to define higher zones within a broad mineralized envelope of gold mineralization. Some of these better grades and widths are within fine grained to locally porphyritic felsic metavolcanics, where the more cohesive "hole 215 footwall zone" remains 12 to 15 meters from a major contact with interbedded coarse to very fine-grained metasediments.

Importantly, the higher grade 215 footwall shoot is located only 300-meters south of high-grade Zone #9. The southern felsic metavolcanic unit as identified in 2020 drilling, contains two dominant mineralized horizons, one at the upper contact with metasediments and a second lower horizon highlighted by the assays released in this press release. Additional mineralized zones are developing in the metasediment units to the south of the metavolcanic unit. Detailed structural and stratigraphic logging of historic and new core is ongoing to determine the geometry of the south zones and controls on mineralization related to the felsic metavolcanic unit.

The Company will continue to release assay data as it is received and compiled. Logging and sampling of recently completed hole WC-22-218 is currently underway. Hole 218 was designed to provide deeper geologic definition, while also attempting to extend mineralized zones encountered in the up-dip drilling.

Downhole survey results suggest any mineralization identified in hole 218 will have the potential to extend known gold zones by approximately 90-100 meters; thereby doubling their known dip extent. Comments on all South Area Drillhole Intercepts: All WC drillholes are south directed angle holes with initial collar inclinations of -48 to -52 degrees from horizontal. Most intercepts are near-perpendicular to the mineralized zone such that the drilled intercepts typically range between 71-97% of the true thickness of the interval with an overall average of 88%.

As noted, interval true thickness determinations combine mineral lineation measured by the core logger and are checked against cross sectional models of the mineral zones. Drillhole information in this new release is based on 100% core drilling using NQ sized equipment.