Galiano Gold Amends Equity Incentive Plan; Shareholder Vote June 11

Key Highlights

• Galiano Gold's Board approved amendments to its Omnibus Equity Incentive Plan based on shareholder suggestions.
• Shareholder approval is now required for extending stock option terms beyond original expiry dates.
• Shareholder approval is also mandated for reducing the exercise price of stock options or share appreciation rights.
• Amendments allowing cancellation and replacement of options with lower exercise prices require shareholder approval.
• Changes to the definition of "eligible participant" for non-employee directors or increasing their participation limits need shareholder approval.
• The amended plan will be presented for shareholder approval at the Annual General & Special Meeting on June 11, 2026.
• The Toronto Stock Exchange has conditionally approved the amended plan.
• The maximum aggregate number of Common Shares issuable under the plan is 8% of issued and outstanding shares.