Galiano Gold Announces Revisions to Omnibus Equity Incentive Plan

Vancouver, British Columbia--(Newsfile Corp. - May 22, 2026) - Galiano Gold Inc. (TSX: GAU) (NYSE American: GAU) ("Galiano" or the "Company")  announced today that its Board of Directors (the "Board") has approved certain amendments to its proposed Omnibus Equity Incentive Plan (the "Plan"), having considered suggestions from Institutional Shareholder Services to make changes to the Plan that are consistent with the Company's current policies and practices. The Board has approved amendments to the Plan to require shareholder approval for the following: amendments that extend the term of stock options beyond the original expiry date; amendments that reduce the exercise price of any stock options or share appreciation rights for the benefit of an eligible participant; amendments that permit the cancellation of a stock option and replacement of such option with an option with a lower exercise price; amendments to the definition of an "eligible participant" that may permit the introduction or reintroduction of non-employee directors on a discretionary basis, or amendments that increase the limits set forth in the Plan regarding non-employee director participation; amendments that would permit stock options granted under the Plan to be transferable or assignable other than for estate settlement purposes; and amendments to the amendment provisions of the Plan that would grant additional powers to the Board to amend the Plan or entitlements without shareholder approval.