Galleon Gold Announces the Passing of Timothy G. Smith, Chief Operating Officer

Rhea-AI Summary

Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) announces the passing of Chief Operating Officer Timothy G. Smith. With over 30 years of experience, Smith was a key figure in the mining industry and had been with Galleon Gold since 2021. He held several leadership roles throughout his career, including Vice President at Apollo Gold and COO at Fire River Gold. His passing is a significant loss to the company and the industry. Galleon Gold's CEO David Russell expressed deep condolences to Smith's family, highlighting his valuable contributions and trusted technical expertise.

Positive

• Timothy G. Smith's extensive experience (over 30 years) provided Galleon Gold with substantial technical and operational expertise.
• Smith's previous roles at prominent companies like Apollo Gold and Fire River Gold showcased his leadership in mine start-ups and mill expansions.

Negative

• The passing of COO Timothy G. Smith is a significant loss for Galleon Gold, potentially impacting their technical leadership and operational guidance.
• The company may face challenges in finding a replacement with equivalent experience and expertise.

Toronto, Ontario--(Newsfile Corp. - June 7, 2024) - Galleon Gold Corp. (TSXV: GGO) (FSE: 3H90) (the "Company" or "Galleon Gold") regrets to announce the passing of Chief Operating Officer Timothy G. Smith. With over 30 years of experience in the mining industry, he was an invaluable member of the Galleon Gold team providing technical leadership and pragmatic guidance since 2021.

Mr. David Russell comments, "Having worked with Tim on many projects over the past two decades, there is no one I trusted more for technical and operational advice. We have lost a great friend and mining executive; we send our sincerest condolences to his wife Kathy Jo and extended family."

Having earned a Bachelor of Engineering (Metallurgical) from McGill University, Montreal, Quebec, Mr. Smith's career took him to many large operations throughout North America. He was Vice President - U.S. & Canadian Operations at Apollo Gold where he led the mine start-up and mill expansion of the Black Fox Mine and Stock Mill located outside of Timmins, Ontario (now owned by McEwen Mining). He was also General Manager of the Montana Tunnels polymetallic mine, Montana, Operating Manager at Red Dog Mine in Alaska, Vice President - Operations for Pine Point Mining (now owned by Osisko Metals) and COO of Fire River Gold. Mr. Smith also operated a private consulting firm, Tunnels LLC.

About Galleon Gold
Galleon Gold is an advanced exploration and development company focused on the West Cache Gold Project in Timmins, Ontario. The West Cache Gold Project is located 7 km northeast of Pan American Silver's Timmins West Mine and 14 km southwest of Newmont's Hollinger Mine. A 2022 Preliminary Economic Assessment (PEA) for the Project demonstrates strong economics. The Company is in the process of planning and permitting for an 86,500-tonne underground bulk sample. Eric Sprott owns approximately 21% of the Company's outstanding common shares.

For further information:
Galleon Gold
R. David Russell
Chairman and CEO
T. (416) 644-0066
info@galleongold.com
www.galleongold.com

Investor Relations
Harbor Access
Graham Farrell
T. (416) 842-9003
Graham.Farrell@harbor-access.com

Forward-Looking Statements
This news release contains certain "forward looking statements", as defined under applicable Canadian securities laws, that reflect the current views and/or expectations of Galleon Gold with respect to its long-term strategy, proposed work, plans, bulk sample program and other reports including the PEA for its projects. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which Galleon Gold operates. Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans, and objectives of Galleon Gold are forward-looking statements that involve various risks. The following are important factors that could cause Galleon Gold's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions and uncertainty of access to additional capital, risks inherent in mineral exploration, delays in the receipt of government approvals, risks associated with development, construction, mining operations and third party contractor activities, risks related to unanticipated events related to health, safety and environmental matters. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Galleon Gold undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212117

FAQ

What recent event did Galleon Gold Corp. announce?

Galleon Gold Corp. announced the passing of their Chief Operating Officer, Timothy G. Smith, on June 7, 2024.

What is the stock symbol for Galleon Gold Corp.?

The stock symbols for Galleon Gold Corp. are TSXV: GGO and FSE: 3H90.

Who was Timothy G. Smith in the context of Galleon Gold Corp.?

Timothy G. Smith was the Chief Operating Officer of Galleon Gold Corp. and had been with the company since 2021.

How long did Timothy G. Smith work in the mining industry?

Timothy G. Smith had over 30 years of experience in the mining industry.

What roles did Timothy G. Smith hold before joining Galleon Gold?

Before joining Galleon Gold, Timothy G. Smith held leadership roles at Apollo Gold, Fire River Gold, and Pine Point Mining, among others.