GALIANO GOLD RELEASES 2023 SUSTAINABILITY REPORT

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Galiano Gold (TSX: GAU, NYSE American: GAU) released its 2023 Sustainability Report, covering its corporate office and the Asanko Gold Mine. The report highlights the company's adherence to international sustainability standards such as the Global Reporting Initiative and the Sustainability Accounting Standards Board's Metals and Mining Standards. Key environmental achievements include zero significant incidents, reclamation activities on 25 hectares, and maintaining cyanide management certification. Social initiatives featured the launch of a mental health program, $139 million spent on local procurement, and the completion of several community infrastructure projects. Governance efforts included refresher training on human rights principles and a risk assessment in line with TCFD guidelines. The company also addressed contractor safety following fatalities earlier in the year with an independent safety audit and implemented control measures.

VANCOUVER, BC, July 9, 2024 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to announce the release of its 2023 Sustainability Report (the "Report"), covering both its corporate office and the Asanko Gold Mine (the "AGM"). This Report focuses on the Company's continuous progress on its environmental, social, and governance performance and outlines its vision for sustainability going forward.

The Report's disclosures and metrics align with international sustainability reporting standards including the Global Reporting Initiative and the Metals and Mining Standards of the Sustainability Accounting Standards Board.  

2023 Sustainability Report Highlights:

Environment

• Zero significant environmental incidents.
• Conducted progressive environmental reclamation activities on 25 hectares of previously mined lands.
• Maintained International Cyanide Management Code certification.

Social, Health & Safety

• Incorporated "Visible Felt Leadership" and "High Incidence Reporting" into contractor performance management.  
• Launched an official Mental Health Program as part of the AGM's Employee Wellbeing Program.
• US$139 million local procurement spend supporting 320 local Ghanaian businesses.
• Formal handover of the Company-sponsored Esaase Regional Hospital to district authorities.
• Completion of three local sustainable community infrastructure projects: a 6-unit classroom block with a library, staff room, and bathroom facilities; a 5-unit apartment complex; and a 10-unit community bathroom facility.

Governance

• Completion of the annual refresher training on the Voluntary Principles on Security and Human Rights to all private and public security personnel by a certified Government of Ghana representative.
• Completed a risk assessment in alignment with Task Force on Climate-Related Financial Disclosures framework.
• Continual improvement and measuring effectiveness of tailings management, human rights, occupational health and safety, and environmental management.

As a result of the unfortunate contractor fatalities that occurred in early 2023, in addition to a thorough investigation, the Company conducted an independent safety audit to identify potential workplace hazards and implemented recommendations for control measures to improve contractor safety management systems.

To view or download a copy of the Report, please see the Sustainability section of the Galiano Gold website at https://www.galianogold.com/sustainability/reports-and-publications/default.aspx

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, 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.

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SOURCE Galiano Gold Inc.

FAQ

What did Galiano Gold achieve in its 2023 Sustainability Report?

Galiano Gold reported zero significant environmental incidents, reclamation of 25 hectares of mined land, and $139 million in local procurement. They launched a mental health program and completed several community projects.

How did Galiano Gold address environmental issues in 2023?

In 2023, Galiano Gold conducted environmental reclamation on 25 hectares of mined land and maintained its International Cyanide Management Code certification.

What social initiatives did Galiano Gold implement in 2023?

Galiano Gold launched a mental health program, spent $139 million on local procurement, and completed community infrastructure projects including a hospital and educational facilities.

What governance measures were highlighted in Galiano Gold's 2023 Sustainability Report?

Governance measures included refresher training on human rights principles, a risk assessment aligned with TCFD guidelines, and improved contractor safety systems following an independent audit.

What were the key highlights of Galiano Gold's 2023 Sustainability Report?

Key highlights include zero significant environmental incidents, a comprehensive mental health program, $139 million spent on local businesses, and the completion of multiple community projects.

What actions did Galiano Gold take to improve contractor safety in 2023?

Following fatalities, Galiano Gold conducted an independent safety audit and implemented control measures to enhance contractor safety management systems.