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GALIANO GOLD ANNOUNCES AUDITOR CHANGE

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Galiano Gold Inc. (TSX: GAU) has officially changed its auditors from KPMG to Ernst & Young, effective April 11, 2023. The decision was made by the Company's board of directors, who expressed gratitude for KPMG's prior services. Importantly, there were no reservations reported by KPMG regarding Galiano's audited financial statements, signifying a clean break. The company has complied with National Instrument 51-102, filing the required Documentation Package on SEDAR. Galiano remains focused on sustainable operations and value creation through its Asanko Gold Mine in Ghana, emphasizing its commitment to environmental management and social responsibility.

Positive
  • Appointment of Ernst & Young may enhance financial oversight.
  • No reservations in prior auditor's reports indicate strong financial health.
Negative
  • None.

VANCOUVER, BC, April 17, 2023 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) announced today that it has changed its auditors from KPMG (the "Former Auditor") to Ernst & Young (the "Successor Auditor").

The Former Auditor has resigned effective April 11, 2023. The board of directors of the Company (the "Board") have appointed the Successor Auditor effective April 11, 2023. The Company is grateful to KPMG for its past services to the Company.

There were no reservations in the Former Auditor's reports on any of the Company's audited financial statements, and no reportable events between the Company and the Former Auditor.

In accordance with National Instrument 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor (collectively, the "Reporting Package"), has been reviewed and approved by the Board and the Reporting Package has been filed on SEDAR.

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 operates and manages the Asanko Gold Mine, located in Ghana, West Africa, jointly owned with Gold Fields Ltd. 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.

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SOURCE Galiano Gold Inc.

FAQ

Why did Galiano Gold change its auditors?

Galiano Gold changed its auditors from KPMG to Ernst & Young to enhance its financial oversight.

When did Galiano Gold announce the auditor change?

The auditor change was announced on April 17, 2023.

What is the stock symbol for Galiano Gold?

The stock symbol for Galiano Gold is GAU.

Was there any issue reported by KPMG about Galiano Gold's financial statements?

No, KPMG reported no reservations on Galiano Gold's audited financial statements.

What is Galiano Gold's focus in its operations?

Galiano Gold focuses on creating a sustainable business through production, exploration, and disciplined financial resource deployment.

Galiano Gold Inc.

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