GALIANO GOLD ANNOUNCES ANNUAL GENERAL MEETING VOTING RESULTS

Rhea-AI Summary

Galiano Gold (TSX: GAU, NYSE American: GAU) announced that all resolutions presented at their Annual General Meeting on June 13, 2024, were approved by shareholders. Key decisions included fixing the number of directors at seven, re-electing the seven nominees as directors, re-appointing EY LLP as auditors, and approving the company’s executive compensation approach. The number of directors was set with 99.31% of votes in favor. Each director nominee received over 99.82% votes in favor. EY LLP was reappointed with 99.31% approval, and 99.64% of shareholders endorsed the executive compensation plan.

Positive

• All resolutions were approved, indicating strong shareholder support.
• The number of directors was set at seven with 99.31% votes in favor, showing consensus on board structure.
• Each director nominee received over 99.82% votes in favor, demonstrating confidence in leadership.
• EY LLP was reappointed as auditors with 99.31% approval, ensuring continuity in financial oversight.
• Executive compensation approach was approved with 99.64% votes, reflecting shareholder satisfaction with management policies.

Negative

• 0.69% of votes were against setting the number of directors at seven, indicating a small dissent within shareholders.
• 0.17%-0.18% of votes were withheld for each director nominee, reflecting minimal but existent dissent.
• 0.69% of votes were withheld against the re-appointment of EY LLP, showing some shareholder concerns.
• 0.36% of votes were against the executive compensation approach, indicating some discontent with compensation policies.

VANCOUVER, BC, June 13, 2024 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) announced today that all resolutions put to shareholders at the Company's Annual General Meeting (the "Meeting") held on June 13, 2024, were duly passed. The results for each of the matters voted upon at the Meeting are set out below:

Set the Number of Directors at Seven
The resolution to fix the number of directors at seven was approved.

Votes for	% Votes for	Votes Against	% Votes Against
186,204,478	99.31	1,290,646	0.69

Election of Directors
The seven nominees listed in the Company's Management Information Circular dated May 3, 2024, were elected as directors of the Company.

Director Name	Votes for	% Votes for	Votes Withheld	% Votes Withheld
Matt Badylak	172,503,173	99.86	233,309	0.14
Paul N. Wright	172,510,731	99.87	225,751	0.13
Judith Mosely	172,476,702	99.85	259,780	0.15
Dawn Moss	172,437,215	99.83	299,267	0.17
Greg Martin	172,497,171	99.86	239,311	0.14
Moira Smith	172,452,359	99.84	284,123	0.16
Navin Dyal	172,429,810	99.82	306,672	0.18

Appointment of Auditors – EY LLP
EY LLP was re-appointed as the auditor of the Company for the ensuing year, and the directors were authorized to fix the remuneration paid to EY LLP.

Votes for	% Votes for	Votes Withheld	% Votes Withheld
186,196,202	99.31	1,298,922	0.69

Advisory Vote on Executive Compensation
The non-binding advisory resolution accepting the Company's approach to executive compensation was approved.

Votes for	% Votes for	Votes Against	% Votes Against
172,120,771	99.64	615,705	0.36

A report on all matters voted on at the Meeting has been filed on www.sedarplus.ca.

About Galiano Gold Inc.
Galiano is focused on creating a sustainable business capable of value creation for all stakeholders through production, exploration and disciplined deployment of its financial resources. The Company owns the Asanko Gold Mine, which is located in Ghana, West Africa. Galiano is committed to the highest standards for environmental management, social responsibility, and the health and safety of its employees and neighbouring communities. For more information, please visit www.galianogold.com.

SOURCE Galiano Gold Inc.

FAQ

What was the result of the vote to set the number of Galiano Gold directors at seven on June 13, 2024?

The resolution to set the number of directors at seven was approved with 99.31% votes in favor.

How did shareholders vote on the re-election of Galiano Gold directors on June 13, 2024?

All seven director nominees were re-elected, each receiving over 99.82% votes in favor.

What was the outcome of the appointment of EY LLP as auditors for Galiano Gold on June 13, 2024?

EY LLP was reappointed as auditors with 99.31% votes in favor.

How did shareholders vote on Galiano Gold's executive compensation approach on June 13, 2024?

The executive compensation approach was approved with 99.64% votes in favor.

Where can I find the detailed report on the matters voted at Galiano Gold's Annual General Meeting on June 13, 2024?

The detailed report is available on www.sedarplus.ca.