West Cache Gold Project Additional Zone Intercepts

TORONTO - Galleon Gold Corp. reported additional Zone #9 intercepts from its 100% owned West Cache Gold Project, Timmins, Ontario. Zone #9 - continued definition of grade and mineralization. WC-21-172 intersected 6.1 g/t Au over 15.0 m (230 to 245 m) including 9.89 g/t Au over 7.0 m (231 to 238 m); true thickness of these intervals is estimated at 98% of the reported intercept length. WC-21-191 intersected 6.88 g/t Au over 7.0 m (188 to 195 m) including 13.83 g/t Au over 2.0 m (192 to 194 m); true thickness of these intervals is estimated at 94% of the reported intercept length.

Hole WC-21-172, located mid-way between previously announced holes WC-20-30 (7.16 g/t Au over 9.7 m) and WC-20-42 (7.44 g/t Au over 10.7 m), provides additional confirmation of grade/thickness in a key portion of the Zone #9 mineralized shoot located 150 to 200 m below surface. Assays and geologic data from Hole 172 will be important for the modeling and resource work now underway as part of the Company's upcoming Preliminary Economic Assessment (PEA).

Hole WC-21-191 was designed to test the mineralized grade and geometric projection up-dip from Hole WC-172. Results confirm the continuity of grade and thickness of the Upper Zone #9 Shoot.

R. David Russell CEO and President, said, "We are getting a very good picture of the Upper Zone #9 mineralized shoot. Given the spacing of drilling and how recent holes continue to support grade continuity and widths, I am looking forward to seeing the development of the geological model and subsequent resource characterization of this shoot."