Galiano Gold Inc. Announces Revisions to Omnibus Equity Incentive Plan

Galiano Gold Inc. announced that its Board of Directors has approved amendments to its proposed Omnibus Equity Incentive Plan. These amendments, which were made in consideration of suggestions from Institutional Shareholder Services, aim to align the plan with the Company's current policies and practices. Key changes include requiring shareholder approval for: * Extending the term of stock options beyond their original expiry date. * Reducing the exercise price of stock options or share appreciation rights. * Canceling stock options and replacing them with options with a lower exercise price. * Modifying the definition of an "eligible participant" to potentially include non-employee directors or increase their participation limits. * Allowing stock options to be transferable or assignable, except for estate settlement purposes. * Granting the Board additional powers to amend the plan without shareholder approval. The amended Plan has been filed and will be presented for shareholder approval at the upcoming Annual General & Special Meeting on June 11, 2026. The Board recommends shareholders vote in favor of the Plan, which has also received conditional approval from the Toronto Stock Exchange.