GALILEO MINING LTD — Capital/Financing Update 2018

May 24, 2018

==> picture [220 x 62] intentionally omitted <==

ACN 104 114 132

UPDATED PRO- FORMA STATEMENT OF FINANCIAL POSITION

The following is an updated pro- forma statement of financial position for Galileo Mining Ltd (Company) based on actual funds raised ($15,000,000) under the Prospectus issued by the Company dated 6 April 2018:

CURRENT ASSETS Cash and cash equivalents Trade and other receivables TOTAL CURRENT ASSETS NON‐CURRENT ASSETS Receivables Exploration and evaluation expenditure TOTAL NON‐CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Loans TOTAL CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS EQUITY Issued capital Accumulated losses TOTAL EQUITY	($)
	12,118,611 13,576
	12,132,187
	1,000 4,995,192
	4,996,192
	17,128,379
	‐
	‐
	‐
	17,128,379
	18,446,140 (1,317,761)
	17,128,379