GALILEO MINING LTD — Share Issue/Capital Change 2022

Nov 24, 2022

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25 November 2022

ASX: GAL

Cleansing Notice

Corporate Directory

Directors

Chairman & MD Brad Underwood

Non-Executive Director Noel O’Brien

Non-Executive Director Cecilia Camarri

Non-Executive Director Mathew Whyte

Galileo Mining Ltd ( ASX : GAL, “ Galileo ” or the “ Company ”) advises that it has issued 216,667 fully paid ordinary shares (“ Shares ’) on the exercise of 216,667 Options exercisable at $0.52 per Option and expiring on or before 15 September 2023.

Cleansing Notice

The Company gives the following information pursuant to Section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) in relation to the issue of the Shares:

1. The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act.

2. As at the date of this notice, the Company has complied with:

   • a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • b) Section 674 of the Corporations Act; and

3. As at the date of this notice, there is not any “excluded information” (within the meaning of Sections 708A(7) and 708A(8) of the Corporations Act) in relation to the Company.

Projects

Fraser Range Project Nickel-Copper-Cobalt

Norseman Project Palladium-Nickel-CopperRhodium-Platinum-Gold

Please refer to the Company’s Appendix 2A Application for Quotation of Securities lodged with ASX today’s date for further information.

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:

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David Tasker Managing Director Chapter One Advisors E: dtasker@chapteroneadvisors.com.au

T: +61 433 112 936

Contact Details

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

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