Galiano Gold Inc.

Summary The Company is Canadian incorporated and headquartered in British Columbia. The Company's vision is to grow its business into a sustainable mid-tier gold producer, with a focus on organic growth and mine life extension at the AGM through continued success in our exploration strategies, as well as accretive acquisition opportunities. The Company's principal asset is its interest in the AGM located in Ghana, West Africa. The Company holds a 90% interest in the AGM. The AGM consists of four primary open-pit deposits: Abore, Nkran, Esaase and Miradani North, multiple satellite deposits and a CIL processing plant, with a current capacity of 5.8 Mtpa. The mine has been developed in phases. Phase 1 comprised the construction of a 3 Mtpa CIL ore processing facility and bringing the first pit, Nkran, into production. The second phase comprised bringing the Esaase pit into production and increasing the capacity of the processing plant to 5.4 Mtpa. Gold production commenced in January 2016, commercial production was declared on April 1, 2016, and the AGM reached steady state production levels by the end of the second quarter of 2016, which continued through 2022. On March 29, 2022, the Company announced that it would be temporarily deferring mining operations and transitioning to processing existing stockpiles, w hile technical work to support a mineral reserve at the AGM was ongoing. Mining continued at Akwasiso Cut 3 and Esaase Cut 3 until their depletion later in 2022.