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GALIANO GOLD REPORTS A SENIOR MANAGEMENT CHANGE

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Galiano Gold Inc. (TSX: GAU, NYSE: GAU) announces the resignation of CFO Fausto Di Trapani, effective early May 2022, as he pursues another opportunity. Di Trapani will ensure a smooth transition before his departure. The company plans to appoint Matt Freeman, the current SVP Finance, as the new CFO, aligning with its succession plan. Galiano Gold operates the Asanko Gold Mine in Ghana and is committed to sustainable business practices focused on long-term stakeholder value.

Positive
  • Successful transition planning with the appointment of Matt Freeman as the new CFO.
  • Matt Freeman has a strong understanding of the company's financial operations.
Negative
  • Loss of CFO Fausto Di Trapani, who has been with the company for a decade.

VANCOUVER, BC, March 23, 2022 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE: GAU) today announces that Mr. Fausto Di Trapani, Galiano's Chief Financial Officer ("CFO") has informed the Company that he will be stepping down as CFO to pursue another opportunity.

Fausto will continue to serve as CFO until his departure in early May 2022 and will work during the coming weeks to ensure an orderly transition of his responsibilities. Following Fausto's departure the Company intends to appoint Matt Freeman, current SVP Finance as its new CFO, in line with the Company's succession plan.

"I want to thank Fausto for his contribution to Galiano over the past decade," said Matt Badylak, Galiano's President and Chief Executive Officer. "He has been instrumental in the financing, construction, operation and eventual joint venturing of the Asanko Gold Mine as well as managing the Company's finances. We appreciate Fausto's commitment to ensuring a smooth transition and wish him well in his new endeavor. Matt Freeman has a detailed understanding of all the financial aspects of our business and we look forward to having him as our new CFO in due course."

About Galiano Gold Inc.

Galiano is focused on creating a sustainable business capable of long-term value creation for its stakeholders through exploration and disciplined deployment of its financial resources. The Company currently operates and manages the Asanko Gold Mine, located in Ghana, West Africa which is jointly owned with Gold Fields Ltd. The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighbouring communities. For more information, please visit www.galianogold.com.

Cision View original content:https://www.prnewswire.com/news-releases/galiano-gold-reports-a-senior-management-change-301508610.html

SOURCE Galiano Gold Inc.

FAQ

When will Fausto Di Trapani leave Galiano Gold?

Fausto Di Trapani will step down as CFO in early May 2022.

Who will replace Fausto Di Trapani as CFO of Galiano Gold?

Matt Freeman, the current SVP Finance, will be appointed as the new CFO.

What is Galiano Gold focused on?

Galiano Gold is focused on creating sustainable long-term value for its stakeholders.

Where is Galiano Gold's Asanko Gold Mine located?

The Asanko Gold Mine is located in Ghana, West Africa.

Galiano Gold Inc.

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