Golden Deeps Expands Footprint in the World-Class Lachlan Fold Belt

The Company paid cash finder’s fees of an aggregate of $14,694.40 and issued an aggregate of 183,680 share purchase warrants (each, a “Finder’s Warrant“) to certain finders in connection with the closing of the Offering. Each Finder’s Warrant is exercisable into one Share (each, a “Finder’s Warrant Share“) at a price of $0.15 per Finder’s Warrant Share for a period of 24 months from the date of issuance, subject to the Acceleration Provision.

The Company intends to use the aggregate gross proceeds for general and administrative purposes and marketing and investor relations expenses, and may, if warranted, be used for further exploration of the company’s mineral exploration projects.

The Securities issued under the Offering, including the Warrant Shares and Finder’s Warrant Shares that may be issuable on exercise of the Warrants and Finder’s Warrants, as applicable, are subject to a statutory hold period expiring on November 10, 2024, pursuant to applicable securities laws and the policies of the Exchange.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

On behalf of the Board of Directors,

Mr. Mark Scott
CEO and Director
Galloper Gold Corp.

Company Contact info@gallopergold.com, 778-655-9266

Forward-Looking, Cautionary Statements

This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this news release contains forward-looking statements concerning, without limitation, statements relating to the Offering and its terms, including the intended use of proceeds of the Offering; the expiry of hold periods for securities distributed pursuant to the Offering; and other matters regarding the business plans of the Company. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties, including the risk that the proceeds of the Offering may not be used as stated herein. Actual results could differ materially from those currently anticipated due to a number of assumptions,…