GALILEO RESOURCES PLC — Share Issue/Capital Change 2022

Nov 28, 2022

National Storage Mechanism | Additional information

RNS Number : 7745H

Galileo Resources PLC

28 November 2022

28 November 2022

Galileo Resources Plc

("Galileo" or the "Company")

Issuance of share options

Galileo, the exploration and development mining company, announces that options to subscribe for 1,000,000 new ordinary shares of the Company ("Ordinary Shares") were granted on 25 November 2022 to a consultant of the Company at an exercise price of 2.25 pence per share, vesting immediately.  The options have a term of five years and any unexercised options will expire at midnight on 25 November 2027.

The option exercise price is at approximately 58% premium to the closing mid-market price as at 24 November 2022 of 1.42 pence.

A copy of this announcement is available on the Company's website www.galileoresources.com.

You can also follow Galileo on Twitter: @GalileoResource.

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact: Galileo Resources PLC

Colin Bird, Chairman Edward Slowey, Executive Director	Tel +44 (0) 20 7581 4477 Tel +353 (0) 601 4466
Beaumont Cornish Limited - Nomad Roland Cornish/James Biddle	Tel +44 (0) 20 7628 3396
Novum Securities Limited - Joint Broker Colin Rowbury /Jon Belliss	+44 (0) 20 7399 9400
Shard Capital Partners LLP - Joint Broker Damon Heath	Tel +44 (0) 20 7186 9952

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