Blue Jay Gold Corp. press release

GALIANO GOLD PROVIDES NKRAN DRILLING UPDATE

2022-08-25

TSXV - TSX Venture Exchange · Canada · Drill Results

Canada NewsWire

VANCOUVER, BC , Aug. 25, 2022 /CNW/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to provide an update of drilling results at Nkran following the completion of an infill drilling program at the Asanko Gold Mine ("AGM"), located in Ghana . The AGM is a 50:50 joint venture ("JV") with Gold Fields Ltd (JSE, NYSE: GFI), with the JV managed and operated by Galiano.

Effective February 28, 2022 , Nkran has a Mineral Resource Estimate of 12.1 Mt at 2.09 g/t for 814 kozs indicated and 1.3 Mt at 2.23 g/t for 96 kozs inferred. The 2022 infill drilling program was designed to enhance confidence in the indicated Mineral Resource and explore for potential extensions of mineralization at Nkran.

Drilling has intercepted several high-grade intervals within and below the resource shell as described in National Instrument 43-101 Technical Report for the Asanko Gold Mine, Ashanti Region, Ghana , effective date February 28, 2022 1 and confirms continuity of mineralization within areas where higher levels of confidence were warranted. Results are currently being incorporated into an updated Mineral Resource Estimate which is expected to support an updated Mineral Reserve Estimate anticipated in Q1 2023.

Nkran Infill Drilling Highlights

24 diamond drill holes totalling 8,116m have been drilled at Nkran in 2022. Highlighted intercepts include:

Hole NKDD22-100: 16 meters @ 47.3 g/t gold from 13.6m and 41 meters @ 3.0 g/t gold from 135.4m Hole NKDD22-099: 11 meters @ 27.6 g/t gold from 259m Hole NKDD22-083: 49 meters @ 3.4 g/t gold from 261.7m and 58.50 meters @ 3.5 g/t gold from 336m Hole NKDD22-086: 16 meters @ 5.4 g/t gold from 191m Hole NKDD22-080: 45 meters @ 2.3 g/t gold from 107m Hole NKDD22-105: 8 meters @ 10.4 g/t gold from 109m Hole NKDD22-106: 59 meters @ 2.7 g/t gold from 330m

Nkran Overview (See Table 1 for full drilling results)

The Nkran pit is located immediately adjacent to the 5.8 million tonne per annum processing plant, and has historically yielded the highest average mined grades on the Asankrangwa Belt and contributed significant cash flows to the AGM. During the mining of cut 2, Nkran produced 15.2M tonnes at 1.63 g/t and reported metallurgical recoveries of 94%.

"We are encouraged by these results which demonstrate the continuity of high-grade mineralization below the previously mined portions of the Nkran deposit," said Matt Badylak President and Chief Executive Officer. "This deposit has historically yielded significant cash flows due to its proximity to the processing plant, elevated grade profile and favourable metallurgy. It is important to note that mineralization extends below the current resource shell and remains open at depth. Going forward, we anticipate Nkran to be a key deposit in our upcoming Life of Mine Plan and are excited to incorporate these latest drilling results into an updated Technical Report scheduled for release in Q1 2023."

Nkran Geology and Cross Sections

The Nkran geological setting is typical of the Asankrangwa belt with a sedimentary sequence of interlayered shale, siltstone, and sandstone. Two granitic bodies intrude along shear zones that control mineralization which dips steeply to the northwest along with the sheared host stratigraphy.

[](https://mma.prnewswire.com/media/1885538/Galiano_Gold_IncGALIANO_GOLD_PROVIDES_NKRAN_DRILLING_UPDATE.html)

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[](https://mma.prnewswire.com/media/1885543/Galiano_Gold_IncGALIANO_GOLD_PROVIDES_NKRAN_DRILLING_UPDATE.html)

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Table 1. Intercepts for 2022 Nkran infill drilling 2,3,4

| Hole ID | From (m) | To (m) | Width (m) | Grade (g/t Au) | Intercept Description | | NKDD22-077 | 927.9 | 936.15 | 8.25 | 1.2 | 8.25m @ 1.2 g/t | | NKDD22-077 | 945 | 960 | 15 | 1.7 | 15.00m @ 1.7 g/t | | NKDD22-077 | 965 | 973.2 | 8.2 | 2 | 8.20m @ 2.0 g/t | | NKDD22-077 | 977 | 981 | 4 | 0.8 | 4.00m @ 0.8 g/t | | NKDD22-077 | 1004 | 1014 | 10 | 1.5 | 10.00m @ 1.5 g/t | | NKDD22-078 | 1 | 3 | 2 | 1.1 | 2.00m @ 1.1 g/t | | NKDD22-078 | 17 | 27 | 10 | 5.7 | 10.00m @ 5.7 g/t | | NKDD22-078 | 31 | 35 | 4 | 2.3 | 4.00m @ 2.3 g/t | | NKDD22-078 | 52 | 54 | 2 | 0.6 | 2.00m @ 0.6 g/t | | NKDD22-078 | 66 | 86 | 20 | 1.5 | 20.00m @ 1.5 g/t | | NKDD22-078 | 91 | 112 | 21 | 2 | 21.00m @ 2.0 g/t | | NKDD22-078 | 116 | 137 | 21 | 1.8 | 21.00m @ 1.8 g/t | | NKDD22-078 | 142 | 151 | 9 | 2.6 | 9.00m @ 2.6 g/t | | NKDD22-078 | 159 | 171 | 12 | 1.7 | 12.00m @ 1.7 g/t | | NKDD22-079 | 15 | 19 | 4 | 1.2 | 4.00m @ 1.2 g/t | | NKDD22-079 | 46.8 | 57 | 10.2 | 2 | 10.20m @ 2.0 g/t | | NKDD22-079 | 91.6 | 96 | 4.4 | 5.2 | 4.40m @ 5.2 g/t | | NKDD22-079 | 100 | 120.7 | 20.7 | 1.5 | 20.70m @ 1.5 g/t | | NKDD22-079 | 145.4 | 176 | 30.6 | 2.5 | 30.60m @ 2.5 g/t | | NKDD22-080 | 73 | 75 | 2 | 0.6 | 2.00m @ 0.6 g/t | | NKDD22-080 | 90.72 | 98.75 | 8.03 | 0.8 | 8.03m @ 0.8 g/t | | NKDD22-080 | 107 | 152.3 | 45.3 | 2.3 | 45.30m @ 2.3 g/t | | NKDD22-080 | 157.15 | 161 | 3.85 | 1.6 | 3.85m @ 1.6 g/t | | NKDD22-080 | 165.2 | 176 | 10.8 | 4 | 10.80m @ 4.0 g/t | | NKDD22-080 | 219 | 222.6 | 3.6 | 0.4 | 3.60m @ 0.4 g/t | | NKDD22-081 | 29.7 | 75 | 45.3 | 1.5 | 45.30m @ 1.5 g/t | | NKDD22-081 | 91 | 94 | 3 | 0.9 | 3.00m @ 0.9 g/t | | NKDD22-081 | 161 | 172 | 11 | 1.8 | 11.00m @ 1.8 g/t | | NKDD22-081 | 204 | 207 | 3 | 3.3 | 3.00m @ 3.3 g/t | | NKDD22-081 | 215.3 | 217.8 | 2.5 | 4.3 | 2.50m @ 4.3 g/t | | NKDD22-083 | 55.9 | 66.3 | 10.4 | 1.1 | 10.40m @ 1.1 g/t | | NKDD22-083 | 73 | 88 | 15 | 1.4 | 15.00m @ 1.4 g/t | | NKDD22-083 | 102 | 106 | 4 | 0.9 | 4.00m @ 0.9 g/t | | NKDD22-083 | 114 | 124 | 10 | 0.6 | 10.00m @ 0.6 g/t | | NKDD22-083 | 129 | 131 | 2 | 0.8 | 2.00m @ 0.8 g/t | | NKDD22-083 | 157 | 162 | 5 | 0.5 | 5.00m @ 0.5 g/t | | NKDD22-083 | 207.6 | 213 | 5.4 | 4.6 | 5.40m @ 4.6 g/t | | NKDD22-083 | 221 | 224 | 3 | 3 | 3.00m @ 3.0 g/t | | NKDD22-083 | 230 | 238 | 8 | 1.6 | 8.00m @ 1.6 g/t | | NKDD22-083 | 242 | 256 | 14 | 1.7 | 14.00m @ 1.7 g/t | | NKDD22-083 | 261.7 | 310.6 | 48.9 | 3.4 | 48.90m @ 3.4 g/t | | NKDD22-083 | 315 | 330 | 15 | 1.4 | 15.00m @ 1.4 g/t | | NKDD22-083 | 336 | 394.5 | 58.5 | 3.5 | 58.50m @ 3.5 g/t | | NKDD22-083 | 400 | 402 | 2 | 0.7 | 2.00m @ 0.7 g/t | | NKDD22-083 | 408.1 | 411.6 | 3.5 | 0.5 | 3.50m @ 0.5 g/t | | NKDD22-083 | 415 | 428.4 | 13.4 | 0.8 | 13.40m @ 0.8 g/t | | NKDD22-083 | 442.4 | 453 | 10.6 | 0.9 | 10.60m @ 0.9 g/t | | NKDD22-084 | 71.36 | 75.25 | 3.89 | 3.8 | 3.89m @ 3.8 g/t | | NKDD22-084 | 86 | 93 | 7 | 2.3 | 7.00m @ 2.3 g/t | | NKDD22-084 | 101.18 | 107.65 | 6.47 | 1.8 | 6.47m @ 1.8 g/t | | NKDD22-084 | 115.7 | 120 | 4.3 | 2.4 | 4.30m @ 2.4 g/t | | NKDD22-084 | 124 | 128.45 | 4.45 | 1.2 | 4.45m @ 1.2 g/t | | NKDD22-084 | 170 | 175 | 5 | 1.4 | 5.00m @ 1.4 g/t | | NKDD22-084 | 183 | 188 | 5 | 1.4 | 5.00m @ 1.4 g/t | | NKDD22-084 | 201.91 | 206 | 4.09 | 2.7 | 4.09m @ 2.7 g/t | | NKDD22-084 | 211.77 | 224 | 12.23 | 3.9 | 12.23m @ 3.9 g/t | | NKDD22-086 | 55.65 | 62 | 6.35 | 1.2 | 6.35m @ 1.2 g/t | | NKDD22-086 | 66.5 | 81.2 | 14.7 | 0.8 | 14.70m @ 0.8 g/t | | NKDD22-086 | 87 | 97.5 | 10.5 | 1.3 | 10.50m @ 1.3 g/t | | NKDD22-086 | 102 | 106 | 4 | 3.7 | 4.00m @ 3.7 g/t | | NKDD22-086 | 112 | 121 | 9 | 2.4 | 9.00m @ 2.4 g/t | | NKDD22-086 | 124.68 | 136.86 | 12.18 | 3.3 | 12.18m @ 3.3 g/t | | NKDD22-086 | 145.3 | 149 | 3.7 | 1.6 | 3.70m @ 1.6 g/t | | NKDD22-086 | 154 | 159 | 5 | 1.9 | 5.00m @ 1.9 g/t | | NKDD22-086 | 168 | 170 | 2 | 1 | 2.00m @ 1.0 g/t | | NKDD22-086 | 181 | 186 | 5 | 4.4 | 5.00m @ 4.4 g/t | | NKDD22-086 | 191 | 207 | 16 | 5.4 | 16.00m @ 5.4 g/t | | NKDD22-088 | 166 | 170 | 4 | 0.6 | 4.00m @ 0.6 g/t | | NKDD22-088 | 184 | 191 | 7 | 0.7 | 7.00m @ 0.7 g/t | | NKDD22-088 | 203.9 | 218.57 | 14.67 | 1.1 | 14.67m @ 1.1 g/t | | NKDD22-088 | 258 | 268.86 | 10.86 | 0.7 | 10.86m @ 0.7 g/t | | NKDD22-089 | 44 | 57.2 | 13.2 | 1.2 | 13.20m @ 1.2 g/t | | NKDD22-089 | 63 | 65 | 2 | 6.5 | 2.00m @ 6.5 g/t | | NKDD22-089 | 72.82 | 77 | 4.18 | 0.8 | 4.18m @ 0.8 g/t | | NKDD22-089 | 98 | 103 | 5 | 1.1 | 5.00m @ 1.1 g/t | | NKDD22-089 | 107 | 111 | 4 | 3.2 | 4.00m @ 3.2 g/t | | NKDD22-089 | 164 | 170 | 6 | 1.2 | 6.00m @ 1.2 g/t | | NKDD22-089 | 180 | 183 | 3 | 2.6 | 3.00m @ 2.6 g/t | | NKDD22-089 | 197 | 205.2 | 8.2 | 1 | 8.20m @ 1.0 g/t | | NKDD22-089 | 214 | 219 | 5 | 1 | 5.00m @ 1.0 g/t | | NKDD22-089 | 229.4 | 234 | 4.6 | 0.6 | 4.60m @ 0.6 g/t | | NKDD22-089 | 241.2 | 257 | 15.8 | 2.6 | 15.80m @ 2.6 g/t | | NKDD22-089 | 289 | 303.2 | 14.2 | 1.7 | 14.20m @ 1.7 g/t | | NKDD22-089 | 327 | 336.15 | 9.15 | 1.2 | 9.15m @ 1.2 g/t | | NKDD22-091 | 124 | 142 | 18 | 2.7 | 18.00m @ 2.7 g/t | | NKDD22-091 | 166 | 173 | 7 | 0.7 | 7.00m @ 0.7 g/t | | NKDD22-091 | 180 | 183 | 3 | 3.6 | 3.00m @ 3.6 g/t | | NKDD22-091 | 202 | 204 | 2 | 1.4 | 2.00m @ 1.4 g/t | | NKDD22-091 | 208 | 237.5 | 29.5 | 1 | 29.50m @ 1.0 g/t | | NKDD22-091 | 242.5 | 263.3 | 20.8 | 1.1 | 20.80m @ 1.1 g/t | | NKDD22-091 | 266.8 | 272.7 | 5.9 | 1.3 | 5.90m @ 1.3 g/t | | NKDD22-091 | 278.7 | 336.4 | 57.7 | 3.4 | 57.70m @ 3.4 g/t | | NKDD22-091 | 432 | 435.3 | 3.3 | 0.7 | 3.30m @ 0.7 g/t | | NKDD22-092 | 63 | 66 | 3 | 1 | 3.00m @ 1.0 g/t | | NKDD22-092 | 89.5 | 94 | 4.5 | 1.9 | 4.50m @ 1.9 g/t | | NKDD22-092 | 140 | 142 | 2 | 0.9 | 2.00m @ 0.9 g/t | | NKDD22-092 | 154 | 166 | 12 | 0.9 | 12.00m @ 0.9 g/t | | NKDD22-092 | 172 | 176.9 | 4.9 | 1 | 4.90m @ 1.0 g/t | | NKDD22-092 | 189.84 | 211.65 | 21.81 | 5 | 21.81m @ 5.0 g/t | | NKDD22-092 | 215.4 | 234 | 18.6 | 1 | 18.60m @ 1.0 g/t | | NKDD22-092 | 240 | 242 | 2 | 2.9 | 2.00m @ 2.9 g/t | | NKDD22-092 | 249 | 252 | 3 | 1.7 | 3.00m @ 1.7 g/t | | NKDD22-092 | 282 | 284.2 | 2.2 | 1.7 | 2.20m @ 1.7 g/t | | NKDD22-092 | 318.6 | 324.2 | 5.6 | 1.2 | 5.60m @ 1.2 g/t | | NKDD22-093 | 108.6 | 114 | 5.4 | 0.6 | 5.40m @ 0.6 g/t | | NKDD22-094 | 149.2 | 157 | 7.8 | 15.9 | 7.80m @ 15.9 g/t | | NKDD22-094 | 198 | 200.7 | 2.7 | 2.8 | 2.70m @ 2.8 g/t | | NKDD22-097 | 1.2 | 5 | 3.8 | 4.7 | 3.80m @ 4.7 g/t | | NKDD22-097 | 47.5 | 54.3 | 6.8 | 3 | 6.80m @ 3.0 g/t | | NKDD22-097 | 66.3 | 69.5 | 3.2 | 0.6 | 3.20m @ 0.6 g/t | | NKDD22-097 | 79.7 | 81.8 | 2.1 | 8.5 | 2.10m @ 8.5 g/t | | NKDD22-097 | 92.8 | 123 | 30.2 | 1.8 | 30.20m @ 1.8 g/t | | NKDD22-097 | 134.1 | 136.4 | 2.3 | 1 | 2.30m @ 1.0 g/t | | NKDD22-097 | 152.2 | 155 | 2.8 | 0.9 | 2.80m @ 0.9 g/t | | NKDD22-097 | 172.3 | 199.3 | 27 | 1.1 | 27.00m @ 1.1 g/t | | NKDD22-097 | 205.7 | 208 | 2.3 | 2.8 | 2.30m @ 2.8 g/t | | NKDD22-097 | 231 | 256.2 | 25.2 | 1.4 | 25.20m @ 1.4 g/t | | NKDD22-098 | 212 | 214 | 2 | 0.8 | 2.00m @ 0.8 g/t | | NKDD22-098 | 248.5 | 250.5 | 2 | 1 | 2.00m @ 1.0 g/t | | NKDD22-098 | 270 | 278 | 8 | 4.6 | 8.00m @ 4.6 g/t | | NKDD22-098 | 284 | 297 | 13 | 1.3 | 13.00m @ 1.3 g/t | | NKDD22-099 | 66 | 69 | 3 | 3.9 | 3.00m @ 3.9 g/t | | NKDD22-099 | 259 | 270.3 | 11.3 | 27.6 | 11.30m @ 27.6 g/t | | NKDD22-099 | 284.4 | 343.2 | 58.8 | 2.4 | 58.80m @ 2.4 g/t | | NKDD22-100 | 4 | 8.4 | 4.4 | 2 | 4.40m @ 2.0 g/t | | NKDD22-100 | 13.6 | 30 | 16.4 | 47.3 | 16.40m @ 47.3 g/t | | NKDD22-100 | 33.2 | 44.3 | 11.1 | 5.2 | 11.10m @ 5.2 g/t | | NKDD22-100 | 47.9 | 52.9 | 5 | 2.6 | 5.00m @ 2.6 g/t | | NKDD22-100 | 58.5 | 60.9 | 2.4 | 1.1 | 2.40m @ 1.1 g/t | | NKDD22-100 | 67.5 | 104 | 36.5 | 2.1 | 36.50m @ 2.1 g/t | | NKDD22-100 | 107.5 | 131 | 23.5 | 2.8 | 23.50m @ 2.8 g/t | | NKDD22-100 | 135.4 | 176.2 | 40.8 | 3 | 40.80m @ 3.0 g/t | | NKDD22-100 | 210.6 | 217.1 | 6.5 | 2.1 | 6.50m @ 2.1 g/t | | NKDD22-100 | 227.6 | 232 | 4.4 | 1.4 | 4.40m @ 1.4 g/t | | NKDD22-100 | 236 | 244 | 8 | 1.8 | 8.00m @ 1.8 g/t | | NKDD22-101 | 133 | 143 | 10 | 1.4 | 10.00m @ 1.4 g/t | | NKDD22-101 | 164 | 168 | 4 | 2.4 | 4.00m @ 2.4 g/t | | NKDD22-101 | 176 | 183 | 7 | 1 | 7.00m @ 1.0 g/t | | NKDD22-101 | 215 | 219.6 | 4.6 | 2.2 | 4.60m @ 2.2 g/t | | NKDD22-101 | 247.7 | 269 | 21.3 | 2.7 | 21.30m @ 2.7 g/t | | NKDD22-101 | 300 | 305 | 5 | 1.1 | 5.00m @ 1.1 g/t | | NKDD22-101 | 319.32 | 343 | 23.68 | 2.8 | 23.68m @ 2.8 g/t | | NKDD22-101 | 416.8 | 426 | 9.2 | 0.7 | 9.20m @ 0.7 g/t | | NKDD22-101 | 432 | 436 | 4 | 1.7 | 4.00m @ 1.7 g/t | | NKDD22-101 | 442 | 447 | 5 | 1.9 | 5.00m @ 1.9 g/t | | NKDD22-101 | 457 | 461 | 4 | 0.3 | 4.00m @ 0.3 g/t | | NKDD22-101 | 498 | 503 | 5 | 1.1 | 5.00m @ 1.1 g/t | | NKDD22-102 | 55 | 59 | 4 | 2 | 4.00m @ 2.0 g/t | | NKDD22-102 | 259 | 264.4 | 5.4 | 1 | 5.40m @ 1.0 g/t | | NKDD22-102 | 280.9 | 287 | 6.1 | 8.7 | 6.10m @ 8.7 g/t | | NKDD22-102 | 292 | 299.3 | 7.3 | 0.4 | 7.30m @ 0.4 g/t | | NKDD22-102 | 302.35 | 335 | 32.65 | 2.3 | 32.65m @ 2.3 g/t | | NKDD22-102 | 339.4 | 346.4 | 7 | 1.5 | 7.00m @ 1.5 g/t | | NKDD22-102 | 352.5 | 355.5 | 3 | 1 | 3.00m @ 1.0 g/t | | NKDD22-102 | 362 | 365 | 3 | 1 | 3.00m @ 1.0 g/t | | NKDD22-103 | 112 | 114 | 2 | 3 | 2.00m @ 3.0 g/t | | NKDD22-103 | 119.7 | 134 | 14.3 | 2.8 | 14.30m @ 2.8 g/t | | NKDD22-103 | 237 | 240 | 3 | 1 | 3.00m @ 1.0 g/t | | NKDD22-103 | 375 | 378 | 3 | 7.8 | 3.00m @ 7.8 g/t | | NKDD22-103 | 383 | 405 | 22 | 2.8 | 22.00m @ 2.8 g/t | | NKDD22-103 | 409 | 418.4 | 9.4 | 2.7 | 9.40m @ 2.7 g/t | | NKDD22-103 | 421.7 | 428 | 6.3 | 2.5 | 6.30m @ 2.5 g/t | | NKDD22-103 | 476.6 | 483.7 | 7.1 | 0.8 | 7.10m @ 0.8 g/t | | NKDD22-104 | 72 | 75.12 | 3.12 | 3.5 | 3.12m @ 3.5 g/t | | NKDD22-104 | 327.6 | 343.6 | 16 | 9.5 | 16.00m @ 9.5 g/t | | NKDD22-104 | 364 | 366.5 | 2.5 | 1.1 | 2.50m @ 1.1 g/t | | NKDD22-104 | 383 | 386 | 3 | 2.8 | 3.00m @ 2.8 g/t | | NKDD22-105 | 109 | 117 | 8 | 10.4 | 8.00m @ 10.4 g/t | | NKDD22-105 | 322 | 348 | 26 | 1.7 | 26.00m @ 1.7 g/t | | NKDD22-105 | 354 | 370 | 16 | 1.5 | 16.00m @ 1.5 g/t | | NKDD22-105 | 380.6 | 387 | 6.4 | 1 | 6.40m @ 1.0 g/t | | NKDD22-106 | 319 | 323.8 | 4.8 | 3.8 | 4.80m @ 3.8 g/t | | NKDD22-106 | 330 | 389 | 59 | 2.7 | 59.00m @ 2.7 g/t | | NKDD22-107 | 198 | 203.8 | 5.8 | 2.4 | 5.80m @ 2.4 g/t |

| Notes: | | | 1. | Refer to Section 14.3.7 of the AGM's NI 43-101 Technical Report, effective date February 28, 2022. | | 2. | Intervals indicated are not true widths as there is insufficient information to calculate true widths. However, drill holes have been drilled to cross interpreted mineralized zones as close to perpendicular as possible. | | 3. | Intervals are calculated with the assumptions of > 0.5 g/t and < 3m of internal waste and displayed as weighted averages. | | 4. | Includes results from Diamond and RC drilling. |

Qualified Person and QA/QC

Chris Pettman P.Geo , Vice President Exploration of Galiano, is a Qualified Person as defined by Canadian NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Pettman is responsible for all aspects of the work including the Data Verification and Quality Control/Quality Assurance programs and has verified the data disclosed by reviewing all data and supervising its compilation. There are no known factors that could materially affect the reliability of data collected and verified under his supervision No quality assurance/quality control issues have been identified to date. Mr. Pettman is not independent of Galiano.

Certified Reference Materials and Blanks are inserted by Galiano Gold into the sample stream at the rate of 1:14 samples. Field duplicates are collected at the rate of 1:30 samples. All samples have been analysed by Intertek Minerals Ltd. in Tarkwa, Ghana with standard preparation methods and 50g fire assay with atomic absorption finish. Intertek Minerals Ltd. does their own introduction of QA/QC samples into the sample stream and reports them to Galiano for double checking. Higher grade samples are re-analysed from pulp or reject material or both. Intertek is an international company operating in 100 countries and is independent of Galiano. It provides testing for a wide range of industries including the mining, metals, and oil sectors.

About Galiano Gold Inc.

Galiano's vision is to build a sustainable business capable of long-term value creation for its stakeholders through a combination of exploration, accretive M&A activities and the disciplined deployment of its financial resources. The Company currently operates and manages the Asanko Gold Mine, located in Ghana , West Africa which is jointly owned with Gold Fields Ltd. The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighbouring communities. For more information, please visit www.galianogold.com .

Cautionary Note Regarding Forward-Looking Statements Certain statements and information contained in this news release constitute " forward-looking statements " within the meaning of applicable U.S. securities laws and " forward-looking information " within the meaning of applicable Canadian securities laws, which we refer to collectively as " forward-looking statements ". Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future conditions and courses of action. All statements and information other than statements of historical fact may be forward looking statements. In some cases, forward-looking statements can be identified by the use of words such as " seek ", " expect ", " anticipate ", " budget ", " plan ", " estimate ", " continue ", " forecast ", " intend ", " believe ", " predict ", " potential ", " target ", " may ", " could ", " would ", " might ", " will " and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook.

Forward-looking statements in this news release include, but are not limited to: statements regarding future mining at Nkran including with respect to the nature and extent of possible pit designs and the commencement of mining or further mining; the declaration of an updated Mineral Resource estimate and the timing thereof ; the expected results of the exploration program (including its ability to provide the confidence for undertaking a resource estimate and further engineering studies) and the nature and timing of future exploration programs; the ability of future exploration programs to provide the basis for future mineral resources, including the timing for the declaration of such mineral resources; and information regarding planned future exploration, drilling and mining. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: the exploration program proceeding as anticipated; the exploration program achieving the targets and milestones included therein in the manner and on the timelines anticipated therein; the nature of drilling and exploration targets conforming to current expectations; the Company's updated mineral resource estimate and life of mine plan proceeding as currently anticipated; mining proceeding as currently anticipated; the Company proceeding with further exploration programs as currently anticipated; that future exploration programs will provide the basis for future mineral resources; that the Joint Venture approves the Company's exploration budget; the ability of the AGM to continue to operate during the COVID-19 pandemic; that gold production and other activities will not be curtailed as a result of the COVID-19 pandemic; that the AGM will be able to continue to ship doré from the AGM site to be refined; that the doré produced by the AGM will continue to be able to be refined at similar rates and costs to the AGM, or at all; that the Company's and the AGM's responses to the COVID-19 pandemic will be effective in continuing its operations in the ordinary course; the accuracy of the estimates and assumptions underlying Mineral Resource and Mineral Reserve estimates and prior exploration results, including future gold prices, cut-off grades and production and processing estimates; the successful completion of development and exploration projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; that mineral resources can be developed as planned; that the Company's relationship with joint venture partners will continue to be positive and beneficial to the Company; that required financing and permits will be obtained; general economic conditions; that labour disputes or disruptions, flooding, ground instability, geotechnical failure, fire, failure of plant, equipment or processes to operate are as anticipated and other risks of the mining industry will not be encountered; that contracted parties provide goods or services in a timely manner; that there is no material adverse change in the price of gold or other metals; title to mineral properties; costs; the retention of the Company's key personnel; and changes in laws, rules and regulations applicable to Galiano.