VANCOUVER, B.C. — Galore Resources Inc. (TSX-V: GRI; OTCQB: GALOF) (“Galore” or the “Company”) is pleased to announce an important advancement relating to the Los Gemelos I and Duende 7 mining concessions within the Company’s Dos Santos Project in Zacatecas, Mexico.
On June 11, 2026, the Company provided an update regarding the status of certain Dos Santos Project concessions, including Los Gemelos I and Duende 7, which at that time were registered in the name of a third party.
Following continued review and follow-up with the Mexican Mines Bureau and the Public Registry of Mines (“PRM”), Galore has confirmed that the Assignment Agreement dated June 7, 2011 between the Company’s Mexican subsidiary, Minerales Galore, S.A. de C.V., and Mr. Ezequiel Agüero Zamudio remains valid, binding and enforceable under Mexican law and has now been recorded in the PRM.
The electronic status cards maintained by the PRM reflect the registration of the Assignment Agreement in respect of both the Los Gemelos I and Duende 7 concessions.
“This is an important advancement for Galore and the Dos Santos Project,” said Michael McMillan, President and Chief Executive Officer of Galore Resources. “For a number of years, the Company has devoted substantial time, effort and resources to protecting its interests in these concessions. The recording of the Assignment Agreement represents an important step forward and allows management to direct greater attention toward advancing Dos Santos.”
Mr. McMillan continued: “We have remained committed to Dos Santos because we continue to believe in the opportunity represented by the project. We appreciate the patience and support of our shareholders during a challenging period. Our focus is now on securing the capital and strategic relationships required to advance the next phase of work and build value for shareholders.”
Galore acknowledges RB Abogados of Mexico City for its significant time, effort and continuing assistance in connection with this matter.
Galore is currently engaged in discussions with prospective investors and mining companies regarding potential financing and strategic participation in the Dos Santos Project. There can be no assurance that these discussions will result in any financing, strategic transaction or other agreement.
The Dos Santos Project comprises more than 14,400 hectares in Zacatecas, Mexico, within the Concepción del Oro Mining District. The project has an established exploration footprint, extensive historical work and multiple previously identified areas of interest.
Galore believes that the work completed to date provides a foundation from which to advance Dos Santos as capital becomes available. Management’s objective is to secure the project’s position, capitalize the Company and initiate the next phase of field work.
About Galore Resources Inc.
Galore Resources Inc. is a mineral exploration company focused on advancing the Dos Santos Project in Zacatecas, Mexico. The Company’s common shares trade on the TSX Venture Exchange under the symbol “GRI” and on the OTCQB under the symbol “GALOF.”
ON BEHALF OF THE BOARD OF DIRECTORS
GALORE RESOURCES INC.
Michael McMillan
President and Chief Executive Officer
For further information, please contact: Galore Resources Inc. Michael McMillan, President & CEO
TEL: 1-210-860-9212 / [email protected]
Cautionary Statement Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding the Company’s plans for the Dos Santos Project, future field activities, financing efforts, discussions with prospective investors and mining companies, strategic participation and future development activities. Forward-looking information is based on management’s current expectations, estimates and assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. There can be no assurance that financing or strategic transactions will be completed or that planned activities will proceed as currently contemplated. The Company undertakes no obligation to update forward-looking information except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Source: Galore Resources Inc.
Original Press Release: https://img1.wsimg.com/blobby/go/106ede1e-74fb-433d-9d8c-39c5594e5e86/downloads/f8fe517c-75df-467c-a573-4558a3d19583/News_release_Sept_17-2026_Corporate_Update.pdf?ver=1790009444411
