Galloper Gold Files Updated MRE For LPSE Deposit On SEDAR+

(MENAFN- Newsfile Corp) Galloper Gold Files Updated MRE for LPSE Deposit on SEDAR+

May 22, 2026 5:05 PM EDT | Source: Galloper Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 22, 2026) - Galloper Gold Corp. (CSE: BOOM) (OTC Pink: GGDCF) (the " Company " or " Galloper ") is pleased to announce that it has filed on SEDAR+ a National Instrument 43-101 ("NI 43-101") Technical Report (the "Technical Report") which includes an updated resource estimation of the Lunch Pond South Extension deposit on Galloper's wholly-owned Glover Island Property located in western Newfoundland, Canada. The 2026 Updated LPSE Mineral Resource Estimate is titled – "Technical Report, and Updated Mineral Resource Estimate of the Glover Island Gold Property, Grand Lake Area, West-Central Newfoundland, Canada".

The Technical Report was prepared by P&E Mining Consultants Inc. The effective date of the report is dated April 6, 2026. The updated resource estimate was disclosed in a news release dated April 7, 2026.

Highlights include:

Exploration potential for increasing resources along strike east and west and down-dip at depth. Recommendations include a 3000+ meter diamond drilling program at the LPSE deposit, as well as supporting remote sensing techniques including geophysics. Additional studies including structural analysis and further engineering evaluations as exploration progresses

Bryan Sparrow, Vice President of Exploration of Galloper Gold Corp. indicated, "The 2026 updated MRE has increased substantially the resource in the ground on Glover Island and it positions the company with a modern resource updated with rethinking the geology and engineering. This is all buoyed in an increased gold price environment, and this combination of factors positions Galloper as a front runner in a stable jurisdiction with the right property and a new valuation at a time when gold is on a historic bull run in price. This Technical Report highlights the amazing exploration potential and upside to add value by further increasing the resource at LPSE, and showing the Glover Island Project to be a world class opportunity."

Eugene Puritch, P.Eng., FEC, CET, of P&E Mining Consultants Inc. prepared the report in conjunction with David Burga, P.Geo. who is the Qualified Person ("QP", and Jarita Barry, P.Geo. Mr. Puritch has approved the scientific and technical content of this news release.

About Galloper Gold Corp.

Galloper Gold Corp. is focused on mineral exploration in central Newfoundland on its Glover Island exploration project. The property comprises 470 mining claims on 14 mineral licences covering 117.21 sq/km (11,721 Ha). Historic exploration efforts produced the 2017 LPSE Resource and the LPSE 2026 Gold Resource which is wholly controlled by Galloper Gold Corp.

For more information please visit and the Company's profile on SEDAR+ at .

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YouTube: @gallopergold

On behalf of the Board of Directors,

Mr. Hratch Jabrayan
CEO and Director
Galloper Gold Corp.

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