GALLOPER GOLD CORP - GGDCF STOCK NEWS

Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) has announced a non-brokered private placement of up to 9,000,000 units at $0.05 per unit with strategic investors, aiming to raise gross proceeds of up to $450,000. Each unit comprises one common share and one-half of a common share purchase warrant, with each full warrant exercisable at $0.075 for 12 months from issuance.

The private placement is expected to close around January 31, 2025. The company may pay finders' fees to eligible finders, subject to securities laws and CSE policies. All securities will have a four-month and one-day hold period. The proceeds will be used to advance the Glover Island asset, cover general and administrative expenses including marketing and investor relations, and provide working capital.

Galloper Gold Corp (CSE:BOOM)(OTC PINK:GGDCF) has announced the appointment of Nader Elm to its Board of Directors. Elm, based in Philadelphia, brings extensive experience in strategic planning and operations across technology, media, telecommunications, aerospace, and mining sectors. He is the Founder of Exyn Technologies Inc., and previously served as Senior VP at IMAX and held leadership positions at Rogers Digital Media and Bell Canada. To accommodate Elm's appointment, Bryan Loree has stepped down from the Board but continues as CFO. The company expects to benefit from Elm's global investor connections and business network.

Galloper Gold Corp (CSE:BOOM)(OTC:GGDCF) has reported significant drill results from its Lucky Smoke occurrence on Glover Island in Western Newfoundland. Key intersections include 15m @ 2.62 g/t Au (including 1m @ 18.79 g/t Au), 3.80m @ 6.92 g/t Au, and 4m @ 4.59 g/t Au within broader mineralized zones.

The six shallow drill holes have defined mineralization over a strike length of approximately 400 meters, with gold carried in pyrite within silicified felsic volcanics in the Kettle Pond Formation. The drilling supports potential for a second deposit along an under-explored contact zone traced for at least 12 kilometers. The company plans a larger Phase 2 program in 2025.

Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) announces the appointment of Dr. Iliya Garkov, Executive Vice-President and Chief Operating Officer of Dundee Precious Metals, to its Board of Directors. Dr. Garkov brings over 30 years of international mining experience and has been instrumental in transforming DPM's Chelopech mine and successfully commissioning the Ada Tepe mine. He replaces Mr. Rav Mlait, who will continue as Corporate Secretary. The company recently completed its first diamond drilling program at the Glover Island Property in Newfoundland since 2012, with results pending.

Galloper Gold Corp has completed its first-ever drilling program at the Lucky Smoke occurrence on Glover Island, Western Newfoundland. The Phase 1 program, consisting of 6 diamond drill holes, is expected to extend the known gold mineralization both laterally and at depth. Lucky Smoke is located 6 km north of the historic Lunch Pond deposit on the 40-km-long island in the 'Four Corners' mining region. Visual analysis of the drill core shows favorable comparison with the Lunch Pond deposit, suggesting potential for multiple orogenic-style gold deposits along a 12-km northeast-trending contact zone. The company owns most claims on the island, except for the historic gold deposit area currently held by the Newfoundland government.

Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) has commenced Phase 1 diamond drilling at its Glover Island Project in Western Newfoundland. The company is targeting an expansion of the known orogenic gold system and exploring a potential new discovery with a multi-kilometre-long copper anomaly. Key highlights include:

1. Drilling started 6 km north of the historic gold deposit at an area called 'Lucky Smoke'
2. A contact zone favorable for gold deposition extends along a minimum 12-km trend
3. The copper anomaly is in a previously unexplored area of Glover Island
4. Glover Island is situated in the 'Four Corners' region, near major gold, copper, and salt deposits

CEO Hratch Jabrayan emphasized the compelling new discovery opportunities at Glover Island, citing its favorable geological setting along major fault lines.

Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF)(Frankfurt:W9F) has announced two significant developments. Firstly, the company's common shares have gained DTC eligibility, simplifying trading and potentially enhancing liquidity on OTC Pink Markets. This electronic clearing method accelerates the settlement process for investors and brokers. Secondly, Galloper has engaged Bantr Media Inc. for media and strategic services, including social media management, e-newsletter distribution, and corporate communications consulting.

The agreement with Bantr Media Inc. is effective for 10 months from March 1, 2024, with a total payment of CAD $100,000 and 400,000 stock options granted to the consultant. Galloper Gold is focused on mineral exploration in the Central Newfoundland Gold Belt, with properties at Glover Island and Mint Pond, covering a total area of approximately 25,775 hectares.

Galloper Gold Corp (CSE:BOOM, OTC:GGDCF) has appointed Hratch Jabrayan as its new CEO and Director, replacing Mark Scott. Jabrayan brings extensive experience in the global mining sector, including over seven years with Dundee Precious Metals. His appointment aims to leverage his impressive skill sets, valuable global network, and proven industry track record to build shareholder value.

Jabrayan's recent roles include overseeing the global mining and metals division for USC Consulting Group and serving as CEO of Armenian Gas and Power Enterprises. He has also been a keynote speaker at numerous international conferences for the past 17 years.

The company has granted 1,750,000 stock options, with 1,500,000 to directors and officers at an exercise price of $0.12 per share, expiring after 2 years and vesting quarterly over 12 months. An additional 250,000 options were granted to consultants under similar terms.

Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF) has provided a corporate update on its Newfoundland assets. The company has entered into an agreement to acquire four exploration licenses comprising 16 claims on Glover Island for CAD $45,000 and 800,000 common shares. Galloper has also retained David Kean for investor relations services for seven months at $3,500 per month, granting him 100,000 stock options at CAD $0.12 per share. Additionally, the company has granted 3,500,000 stock options to directors, officers, and consultants at an exercise price of $0.12 per share. Galloper Gold is focused on mineral exploration in the Central Newfoundland Gold Belt, with properties on Glover Island (532 claims, 13,300 hectares) and Mint Pond (499 claims, 12,475 hectares).