TORONTO, ON / ACCESS Newswire / August 12, 2026 / Galantas Gold Corporation (TSXV:GAL)(AIM:GAL) ("Galantas" or the "Company") is pleased to provide an update on the Preliminary Economic Assessment ("PEA") underway for its 100%-owned Andacollo Gold Project ("Andacollo Gold" or the "Project") in the Coquimbo Region of Chile. Galantas has selected M3 Engineering & Technology Corporation ("M3") to lead the PEA and the crushing plant relocation program from Mexico to site, as previously announced on July 13, 2026. Crushing Plant RelocationIn addition to preparing a PEA, M3's mandate includes the provision of engineering, procurement support and construction-management services for the dismantling, preservation, transportation, installation and commissioning of the recently acquired crushing plant. Figure 1: Preliminary general arrangement prepared by M3 showing the location and integration of the relocated crushing plant at Andacollo Gold. The Company is currently advancing the development of the Indiana Project and the Andacollo Gold Project in Chile.