Galore Announces Update On The Dos Santos Project

(TheNewswire)

April 23, 2025 – TheNewswire - Vancouver, BC – GaloreResources Inc. (TSX-V: GRI) (“Galore” orthe “Company”) is pleased to provide an update on ongoingactivities at its 100%-owned Los Gemelos / Duraznillo Property, partof the Dos Santos Project in Mexico.  Drilling continues as planned,with a total of 5,000 meters targeted.  The initial drill core isvisually encouraging and is currently being logged and prepared forshipment to an accredited laboratory for assay analysis.

Geological Insight:

“The abundance of structural features and veinletsprovides an effective plumbing system for mineralizing fluids.Combined with the presence of two intrusive stocks acting as a provenheat source, widespread argillic alteration, anomalous gold values,and evidence of copper mineralization leaking along fractures andfaults, all geological indicators point toward a significantcopper-gold target. Ongoing and future drilling will be critical indetermining the true size and extent of this potentialdeposit.”

— GustavoNarvaez, Geologist

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In the Works:

• Gold and Precious Metals Processingat Duraznillo:

Galore is preparing to begin processing more than25,000 tonnes of crushed, mineralized mined rock currently on surfaceat its Duraznillo mine. Laboratory results, bottle roll testing, andmetallurgical analyses have all returned favorable outcomes,indicating strong potential for generating significant revenue.

• Joint Venture Discussions:

The Company is in active discussions with qualifiedjoint venture partners to advance exploration activities and initiatean aggressive drilling campaign targeting two well-defined mineralizedzones.

• Ore-Sorting Technology:

Galore is engaged in discussions with a technicalmanufacturer to implement an ore-sorting pre-concentration plant. Thistechnology is expected to improve feed grade, reduce energy and waterusage, and enhance overall mineral recovery efficiency.

• Satellite Imaging at LosGemelos:

The Company has received a proposal to deploy satelliteimaging technology at the Los Gemelos area. A verbal commitment froman investor—who has personally seen this technology yield time andcost savings in a successful mineral discovery—has been made to fundthis initiative.

• Drilling Expansion:

Discussions are ongoing with a group to mobilize twoadditional diamond core drill rigs to the Los Gemelos/Duraznilloregion, further expanding the Company’s exploration capacity.

Galore’s management team is highly encouraged by theprogress and opportunities ahead.  Backed by a team of experiencedand dedicated professionals, the Company is not only advancing itsefforts at Los Gemelos but also preparing to apply this aggressiveexploration and development strategy across additional targets withinthe 14,400-hectare Dos Santos Project.

Qualified Person

The technical content of this release has been reviewedand approved by independent Geologist, Mr. Roberto García Peralta , a “Qualified Person” as defined under Canadian NationalInstrument 43-101.

ON BEHALF OF THEBOARD

“MichaelMcMillan”
Chief ExecutiveOfficer

For Further Information about GaloreResources ,

Please visit the Company's website at www.galoreresources.com or contactMike McMillan, by telephone (210-860-9212) or email atmike@galoreresources.com.

About Galore Resources

Galore Resources is a mineral exploration anddevelopment company whose focus is to develop significant mineraldiscoveries, which are supported by a sustainable business model. Our goal is to discover a world-class gold deposit in Mexico. Ourflagship project is located in the heart of the Concepcion del OroMining District, the Dos Santos Project, which covers two knownhistoric gold zones, is on trend with Newmont’s Peñasquito Mine,and based on past drilling, trenching, and an airborne geophysicalsurvey, has the potential to host several bulk tonnage gold deposits.

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release .

CAUTIONARY STATEMENT REGARDINGFORWARD-LOOKING INFORMATION: This news releaseincludes “forward-looking statements” and “forward-lookinginformation” within the meaning of Canadian securities legislation.All statements included in this news release, other than statements ofhistorical fact, are forward-looking statements. Forward-lookingstatements include predictions, projections and forecasts and areoften, but not always, identified by the use of words such as"anticipate", "believe", "plan","estimate", "expect", "potential","target", "budget" and "intend" andstatements that an event or result"may", "will", "should","could" or "might" occur or be achieved and othersimilar expressions and includes the negatives thereof.

Forward-looking statements in this news releaseinclude, but are not limited to, statements with respect to theCompany’s goals for 2025, the receipt of the assays, geologicalinterpretations, the quality of results from the assays; the proposednature, size, timing, targets and impact of the Company’s planneddrilling program at Los Gemelos, anticipated drill and explorationresults; the estimation of mineral resources; magnitude or quality ofmineral deposits; anticipated advancement of mineral properties orprograms; future operations; mine plans; future exploration prospects;the completion and timing of technical reports; future growthpotential of Galore Resources and future development plans for the LosGemelos / Duraznillo deposit and the overall Dos Santos Project. Inaddition, the Company’s ability to raise fundsnecessary to continue to conduct further drill programs at its Mexicanmineral properties and the timing thereof, the prospective deposits,targets and mineralization at the properties and the anticipatedreceipt and timing of necessary governmental or third-party approvalsand permits.

Such forward-looking information reflectsmanagement’s current beliefs and is based on a number of estimatesand assumptions made by and information currently available to theCompany that, while considered reasonable, are subject to known andunknown risks, uncertainties, and other factors which may cause theactual results and future events to differ materially from thoseexpressed or implied by such forward-looking information. Readers arecautioned that such forward-looking information is neither a promisenor guarantee, and is subject to known and unknown risks anduncertainties including, but not limited to, delays in obtaininggovernmental or third party approvals and permits, actual results ofexploration activities, unanticipated geologic formations, structuresand characteristics, environmental risks, future prices of base andother metals, operating risks, accidents, labor issues, and otherrisks in the mining industry as well as general business, economic,competitive, political and social uncertainties, uncertain andvolatile equity and capital markets and lack of available capital. Allforward-looking information contained in this news release isqualified by these cautionary statements and those in our continuousdisclosure filings available on SEDAR at www.sedar.com . For OTCQBquotes and filings, please visit www.otcmarkets.com . Accordingly, readers shouldnot place undue reliance on forward-looking information. The Companydisclaims any intention or obligation to update or revise anyforward-looking information, whether as a result of new information,future events or otherwise, except as required by law.

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