Galileo Mining : Quarterly Actions Report June 2022

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Commenting on the latest actions, Galileo Managing Director Brad Underwood stated:

solely“This has been a defining interval in Galileo’s quick historical past with the invention of the Callisto palladium-platinum-rhodium-gold-copper-nickel goal at our wholly-owned Norseman challenge in Western Australia in Could 2022.

Outcomes of the primary program at Callisto have been exceptional, as all six RC drill holes contained vital zones of mineralisation with sturdy affirmation of the preliminary outcomes from discovery drill gap NRC266.

We have been fast to get again on web site and begin our second drill marketing campaign to increase on the early outcomes with drilling designed at a 50-metre spacing throughout strike and adopted by drill traces alongside strike to the north.

Submit quarter finish, we reported assays from the primary 4 RC drill holes of this second program at Callisto which demonstrated the in depth continuity of mineralisation intercepted with vital thicknesses over 20 metres

useon the 1.0 g/t 3E cut-off grade and over 30 metres on the decrease 0.5 g/t 3E cut-off reported.

Most significantly, the mineralisation is open on the finish of the 6,448,000-drill line the place it begins to dip east, additional onto our granted Mine Lease. NRC278 resulted in mineralisation at this location and might be accomplished with a diamond drill rig, as will additional step out holes to the east.

We plan to start a 3rd spherical of RC drilling in late July with diamond drilling scheduled to begin in August.

With over 5 kilometres of strike size on the Callisto discovery, and extremely potential targets on the Jimberlana and Mission Sill prospects, the potential for extra mineralisation may be very excessive.

privateOn the company entrance, we have been very happy with the sturdy market help for our $20.4 million placement with $8.7 million of the funds coming from our main shareholders, Mark Creasy and IGO. This funding now

llows us to aggressively discover this vital new palladium province inside our Norseman Undertaking space.

As well as, we welcomed extremely skilled mining lawyer Cecilia Camarri to the board as an Unbiased Non-Govt Director. Cecilia’s appointment will help us with our goal to transition from exploration firm to useful resource improvement firm on the again of the Callisto discovery.”

Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Firm”) is happy to supply a abstract of actions for the quarter ending 30th June 2022 from its Norseman palladium-platinum-gold-copper-nickel-rhodium challenge and Fraser Vary nickel challenge in Western Australia.

Norseman (100% GAL)

Through the quarter, Galileo reported the invention of great palladium-platinum-copper-nickel-sulphide on the Callisto goal.1

Six holes for 1,142 metres have been drilled at Callisto2. The goal is a mineralised sulphide unit developed on the base of an ultramafic sill the place it intrudes right into a package deal of sedimentary rocks.

ForDrill holes from the preliminary marketing campaign have been accomplished on two east-west traces spaced 50 metres aside with a 50- metre drill spacing alongside the traces.

Every of the six drill holes intersected palladium-platinum-gold-copper-nickel sulphide intersections. Of the six holes, drill gap NRC266 recorded the widest interval of sulphide mineralisation with sulphide abundance growing to the east within the drilling.

Interpretation of outcomes from Callisto have proven similarities with South Africa’s Platreef deposits with disseminated sulphide mineralisation hosted within the decrease unit of a layered ultramafic sill.

Drill assays from NRC266 have been analysed to incorporate the presence of rhodium along with palladium-platinum-gold-copper-nickel.3 These metals additionally happen within the Platreef deposits in an identical disseminated mineralisation

  1. Seek advice from ASX announcement dated 11th Could 2022
  2. Seek advice from ASX announcement dated 4th Could 2022
  3. Seek advice from ASX announcement dated 27th Could 2022

Web page 2 | 16

Determine 1: RC Drilling Underway at Galileo’s Callisto Discovery close to Norseman

NRC269

NRC268

NRC267

NRC265

NRC264

Gap ID

Desk 2: Important intersections for drill holes NRC264, NRC265, NRC267, NRC268, NRC269. Lower

off is 1 g/t 3E, most of 2m inner dilution

and

157

135

22

1.60

165

137

28

1.58

143

19

124

1.69

147

12

135

1.36

147

133

14

1.26

To

(m)

From

(m)

Interval

(m)

3E (Pd+ Pt+

Au; g/t)

177

176

1

3.21

165

6

2.69

159

177

144

33

NRC266

2.00

Gap ID

To

(m)

From

(m)

Interval

(m)

3E (Pd+ Pt+

Au; g/t)

Desk 1: Important intersections for drill gap NRC266

1.32

0.21

0.07

0.26

0.25

0.07

0.22

0.26

0.27

1.29

0.09

0.23

0.28

0.24

1.38

0.06

0.19

0.22

0.19

1.11

0.06

0.19

0.28

0.25

1.02

Nickel

(%)

Copper

(%)

Palladium

(g/t)

Gold (g/t)

Platinum

(g/t)

0.14

0.41

0.46

0.48

2.66

0.37

0.11

0.36

0.41

2.21

0.28

0.09

1.64

0.30

0.32

Copper Nickel

(%) (%)

Palladium

(g/t)

Platinum

(g/t)

Gold (g/t)

type and in an identical host rock. Petrographical examination of drill chips from NRC266 is ongoing with the solelyintention of describing the host rock in additional element.

together with

usepersonalIn June, the Firm commenced a second program of RC drilling on the Callisto discovery to increase on the arly outcomes with drilling designed at a 50-metre spacing throughout strike to be adopted by drill traces alongside strike to

the north.4 For

4 Seek advice from ASX announcement dated 6th June 2022

Web page 3 | 16

Galileo reported every of the primary 4 drill holes of the 20-hole program5 had intersected disseminated sulphide mineralisation geologically in step with the primary spherical of drilling. The primary spherical of drilling confirmed that the sulphide layer on the base of the layered ultramafic sill was related to palladium, platinum, gold, rhodium, nickel and copper.

solely

Determine 2: RC chips with disseminated sulphides (1% – 5%) in NRC274. Depth labels in metres

Submit quarter finish, Galileo reported drill assays from the primary 4 RC holes of the second RC drill program at

useCallisto and confirmed vital palladium-platinum-gold-copper-nickel outcomes. 6

This included the highest-grade palladium and platinum assays recorded up to now of 8.25 g/t Pd & 1.94 g/t Pt over one metre in NRC275 which add much more prospectivity to the Callisto space with the potential for high- grade zones occurring throughout the mineralised system.

The Firm reported vital thicknesses over 20 metres on the 1.0 g/t 3E cut-off grade and over 30 metres on the decrease 0.5 g/t 3E cut-off.

Mineralisation is open in all instructions and now extends over 300 metres throughout strike on part 6,448,000N.

Desk 3: Important intersections for drill holes NRC274, NRC275, NRC276, NRC277 with a 1.0 g/t 3E lower off, most of 1m inner dilution. Rounding might have slight impact on the calculation of 3E

private

Gap ID

From

To

Interval

3E (Pd+ Pt+

Palladium

Platinum

Gold

Copper

Nickel

(m)

(m)

(m)

Au; g/t)

(g/t)

(g/t)

(g/t)

(%)

(%)

NRC274

144

167

23

2.12

1.74

0.30

0.09

0.35

0.35

and

172

174

2

1.79

1.43

0.26

0.10

0.29

0.28

NRC275

143

172

29

2.22

1.80

0.33

0.09

0.32

0.31

For

together with

170

171

1

10.46

8.25

1.94

0.26

0.36

0.22

NRC276

150

170

20

1.79

1.47

0.25

0.07

0.27

0.30

and

174

176

2

1.28

1.07

0.18

0.03

0.92

0.20

and

180

181

1

1.00

0.83

0.13

0.04

0.23

0.17

NRC277

147

159

12

1.81

1.48

0.25

0.08

0.31

0.30

and

172

173

1

1.16

0.94

0.17

0.05

0.17

0.22

and

177

199

22

1.67

1.33

0.23

0.11

0.27

0.27

  1. Seek advice from ASX announcement dated 21st June 2022
  2. Seek advice from ASX announcement dated 11th July 2022

Web page 4 | 16

Eleven extra drill holes have been accomplished with every drill gap intersecting disseminated sulphide mineralisation geologically in step with the primary spherical of drilling.7

The geometry of the sulphide mineralisation seems to be flat mendacity earlier than it begins to dip to the east. Mineralisation isn’t but closed off on the flat mendacity areas to the west with the potential for extensions to the west at a comparatively shallow depth under floor. Mineralisation can also be open to the north, south and east.

0.09

0.19

0.22

1.40

1.11

200

169

31

NRC277

0.07

0.21

0.25

1.50

1.22

159

142

17

NRC277

0.05

0.18

0.25

1.26

1.04

183

146

37

NRC276

174

0.08

0.28

136

0.26

38

NRC275

1.84

1.49

174

0.07

0.23

138

0.27

36

NRC274

1.63

1.33

Gap ID

To

(m)

From

(m)

Copper

(%)

Interval

(m)

Palladium

(g/t)

Gold (g/t)

Platinum

(g/t)

3E (Pd+ Pt+

Au; g/t)

0.24

0.26

0.22

0.28

0.28

Nickel

(%)

Desk 4: Important intersections for drill holes NRC274, NRC275, NRC276, NRC277 with a 0.5 g/t 3E lower solelyoff, most of 3m inner dilution. Rounding might have slight impact on the calculation of 3E

use

Determine 3: Callisto preliminary geological drill part 6,448,000mN with main drill intercepts at 1.0 g/t

3E cut-off. NRC278 completed in mineralisation and NRC279/280 are pre-collars.

7 Seek advice from ASX announcement dated 13th July

Web page 5 | 16

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