GALILEO MINING LTD — Capital/Financing Update 2023

Aug 14, 2023

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15 August 2023 ASX: GAL

OTCQX: GALMF

GALILEO SHARES COMMENCE TRADING ON OTC MARKET IN THE USA

Corporate Directory

Directors

Chairman & MD Brad Underwood

Non-Executive Director Noel O’Brien

Non-Executive Director Cecilia Camarri

Non-Executive Director Mathew Whyte

Projects

Fraser Range Project Nickel-Copper-Cobalt

Norseman Project Palladium-Nickel-CopperRhodium-Platinum-Gold

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Contact Details

T: +61 8 9463 0063 E: info@galmining.com.au W: www.galileomining.com.au 13 Colin St, West Perth, WA

Highlights

• Trading in the ordinary shares of Galileo Mining has commenced on the OTCQX Market in USA under the symbol GALMF.

• OTCQX Market quotation provides Galileo with access to a broad network of brokers, and sophisticated and retail investors in North America.

• No new shares in Galileo have been issued as part of quotation on the OTCQX Market in USA.

Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to announce that its ordinary shares have begun trading on the OTCQX Market in the United States under the ticker symbol GALMF . There are no changes to the trading of the Company’s ordinary shares on its home exchange ASX under the symbol GAL .

The OTCQX Market provides convenience and real time accessibility to U.S. investors, brokers and institutions seeking to trade Galileo shares. The OTCQX Best Market is the premier market of OTC Markets Group Inc, an operator of regulated markets on which 12,000 U.S. and international securities trade.

Galileo’s Managing Director Brad Underwood commented; “We are pleased to announce our qualification to trade on the OTCQX Market. As part of our ongoing strategy to introduce Galileo Mining to a broader international audience, trading on OTCQX will provide greater visibility and market exposure, better access to the U.S. investment community, and improved convenience of trading in Galileo ordinary shares. With Galileo’s focus on discovery of nickel, platinum elements (PGE’s), copper and cobalt we are now better placed to attract the interest of US investors seeking exposure to the critical metals needed to support the development of low carbon future technologies.”

U.S investors can find current financial disclosure and real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/stock/GALMF/overview

B. Riley Securities, Inc. acted as the company’s OTCQX sponsor and Amvest Capital Inc. provided advisory services in connection with the OTCQX application.

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Authorised for release by the Galileo Board of Directors.

Investor information: phone Galileo Mining on + 61 8 9463 0063 or email info@galmining.com.au

Media:

David Tasker Managing Director Chapter One Advisors E: dtasker@chapteroneadvisors.com.au T: +61 433 112 936

About Galileo Mining:

Galileo Mining Ltd (ASX: GAL) is focussed on the exploration and development of palladium, nickel, copper, and cobalt resources in Western Australia. GAL’s tenements near Norseman are highly prospective for palladiumcopper-nickel sulphide deposits as shown by the Callisto discovery. GAL also has Joint Ventures with the Creasy Group over tenements in the Fraser Range which are prospective for nickel-copper sulphide deposits similar to the operating Nova mine.

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