Galiano Gold Secures Long-Term Mining Leases at Asanko Gold Mine

Galiano Gold Inc. has secured long-term extensions for key mining leases at the Asanko Gold Mine in Ghana, ensuring continued operations and potential growth for the company.

The Abirem Mining Lease, which hosts the Nkran, Adubiaso, and Miradani North deposits, has been extended for 15 years, ending in 2041. The Miradani Mining Lease, which includes the AGM's 5.8 million tonnes per annum processing facility, has been extended for 17 years, concluding in 2043.

These extensions are significant for Galiano Gold, as they support the company's current life-of-mine plan and provide a strong foundation for future mineral reserve growth and mine life extension. The leases host key components of the AGM, including the Nkran Cut 3, a crucial part of the mine's long-term plan.

Matt Badylak, President and CEO of Galiano Gold, expressed satisfaction with the extensions.

The extensions also offer operational certainty and a solid foundation for continued investment, benefiting all stakeholders. The Government of Ghana and the Minerals Commission and Ministry of Lands and Natural Resources have shown support and positive engagement throughout the process.

Galiano Gold's principal asset is the Asanko Gold Mine, located in Ghana, West Africa. The company is focused on responsible production, development, and exploration, underpinned by disciplined financial management. The extensions of the mining leases are a testament to the company's commitment to long-term value creation and sustainable operations.

The leases host the Nkran, Adubiaso, and Miradani North deposits, which are integral to the AGM's operations. The 5.8 million tonnes per annum processing facility is a key component of the mine's infrastructure, ensuring efficient and sustainable operations. These extensions will allow Galiano Gold to continue its operations and potentially expand its mineral reserves, contributing to the company's long-term growth and stability.