Galiano Gold : ESTMA 2024 Report

Published: 2025-05-30 20:09:04 ET GAU.TO

Published on 05/30/2025 at 20:09

‌Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

Galiano Gold Inc.

Reporting Year

From

1/01/24

To:

12/31/24

Date submitted

5/30/25

Reporting Entity ESTMA Identification Number

E322718

Other Subsidiaries Included

(optional field)

Not Consolidated

Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity

Matthew Freeman

Date

5/30/25

Position Title

Chief Financial Officer

Page 1

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/01/24

To:

12/31/24

Reporting Entity Name

Galiano Gold Inc.

Currency of the Report

USD

Reporting Entity ESTMA

Identification Number

E322718

Subsidiary Reporting Entities (if

necessary)

Payments by Payee

Country

Payee Name1

Departments, Agency, etc… within Payee that Received

Payments2

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid to Payee

Notes34

Ghana

Government of Ghana

Minerals Income Investment

Fund

11,051,000

Payments relate to mining royalties.

Ghana

Government of Ghana

225,000

Payments relate to mining royalties.

Ghana

Government of Ghana

Ghana Revenue Authority

598,000

2,627,000

3,225,000

Payments relate to mining royalties and withholding taxes. Amounts denominated in Ghanaian Cedis were translated at rates of between 11.6-

15.9 Cedis per USD.

Ghana

Government of Ghana

Minerals Commission

3,178,000

Payments relate to mining and prospecting licenses, mineral rights fees, license transfer fees and permits. Amounts denominated in Ghanaian Cedis were translated at rates of between 11.9-16.2 Cedis per USD.

Ghana

Government of Ghana

Environmental Protection Agency

223,000

Payments relate to processing fees and permits. Amounts denominated in Ghanaian Cedis were translated at rates between 13.8-14.1 Cedis per USD.

Ghana

Government of Ghana

Ministry of Lands and Natural Resources (Department: Administrator of Stool Lands)

145,000

Payments relate to surface access rights. Amounts denominated in Ghanaian Cedis were translated at rates between 12.0-16.0 Cedis per

USD.

Ghana

Manso Nkran Community

164,000

Payments relate to construction of a community centre.

Ghana

Abore Community

1,116,000

Payments relate to construction of community road.

Additional Notes:

All amounts have been reported in United States dollars ("USD"). Amounts paid in currencies other than USD have been translated using the spot rate prevailing at the time of payment.

All amounts have been rounded to the nearest USD$1,000.

All amounts have been reported on a cash-basis. In-kind payments (i.e. construction of community infrastructure) are reported at cost to construct the underlying assets.

Payments in-kind to the Manso Nkran and Abore Communities related to the construction of a community centre and community road, respectively. The Company has reported these payments in 2024, being the year the projects were handed over to the communities. The reported payments were measured at cost to construct the underlying assets.

‌Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/01/24

To:

12/31/24

Reporting Entity Name

Galiano Gold Inc.

Currency of the Report

USD

Reporting Entity ESTMA

Identification Number

E322718

Subsidiary Reporting Entities (if

necessary)

Payments by Project

Country

Project Name1

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid by Project

Notes23

Ghana

Asanko Gold Mine

13,903,000

3,546,000

1,280,000

18,729,000

Payments relate to: mining and prospecting licenses and permits, mineral rights fees, mining royalties, license transfer fees, surface access fees, processing fees, and construction of community infrastructure.

Amounts denominated in Ghanaian Cedis were translated at rates of between 11.6-16.2 Cedis per USD.

Ghana

Galiano Gold Inc.

598,000

Payments relate to withholding taxes. Amounts denominated in Ghanaian Cedis were translated at rates of between 12.1-14.9 Cedis per USD.

Additional Notes3:

All amounts have been reported in United States dollars ("USD"). Amounts paid in currencies other than USD have been translated using the spot rate prevailing at the time of payment.

All amounts have been rounded to the nearest USD$1,000.

All amounts have been reported on a cash-basis. In-kind payments (i.e. construction of community infrastructure) are reported at cost to construct the underlying assets.

Disclaimer

Galiano Gold Inc. published this content on May 31, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 31, 2025 at 00:08 UTC.