GALILEO MINING LTD — Capital/Financing Update 2020

Apr 20, 2020

Market Announcement

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21 April 2020

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Galileo Mining Ltd (ASX: GAL) – Trading Halt

Description

The securities of Galileo Mining Ltd (‘GAL’) will be placed in trading halt at the request of GAL, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 23 April 2020 or when the announcement is released to the market.

Issued by

Isabelle Andrews

Senior Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

21 April 2020 ASX Limited

ABN 70 104 114 132

PO Box 415, West Perth WA 6872 info@galmining.com.au

13 Colin Street, West Perth WA 6005

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21 April 2020

Wade Baggott Senior Adviser, Listing Compliance (Perth) ASX Compliance Pty Limited Level 40, Central Park 152‐158 St Georges Terrace Perth WA 6000

Via Email: tradinghaltsperth@asx.com.au

Wade.baggott@asx.com.au

GALILEO MINING LT (ASX: GAL) ‐ REQUEST FOR TRADING HALT

Galileo Mining Ltd ( Company ) requests a halt in trading of its securities, pending the Company making an announcement regarding the outcome of a proposed capital raising ( Capital Raising ).

In accordance with ASX Listing Rule 17.1, the Company provides the following information regarding this request:

1. The Company requests that the trading halt continue until the earlier of the commencement of trading on 23[rd] April 2020 and the release of an announcement regarding the Capital Raising, whichever is the earlier.

2. The event that the Company expects will end the trading halt is the announcement referred to in paragraph 1 above.

3. The Company is not aware of any reasons why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Yours Sincerely

GALILEO MINING LTD

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Mathew Whyte Company Secretary