Galloper Appoints Hratch Jabrayan as New CEO and Director

Galloper Appoints Hratch Jabrayan as New CEO and Director

Galloper Gold Corp. (CSE:BOOM)(OTC PINK:GGDCF)(Frankfurt:W9F) (the "Company" or "Galloper") is pleased to announce the appointment of Mr. Hratch Jabrayan as the Company's new Chief Executive Officer. Mr. Jabrayan, who has extensive experience in the global mining sector including more than seven years with Dundee Precious Metals, has also joined the Galloper Board of Directors

Mr. Mark Scott, who has resigned from the CEO position, commented: "Hratch brings to Galloper impressive skill sets, a valuable global network, a proven industry and business track record, and a dynamic leadership approach. This will enable the Company to fully exploit the unique opportunities it has and build value for shareholders. It has been my pleasure to serve as CEO since Galloper's inception nearly three years ago, helping take the Company public in March of this year. I am very excited and confident in Galloper's future with Hratch taking the reign. He's a fresh face to investors in the junior gold market and I wish him the best of success."

Video Profile - Mr. Hratch Jabrayan

Click on the following link to learn more about Hratch:

https://vimeo.com/1007433600/031f977268

Hratch Highlights:

  • Oversaw the global mining and metals division for Florida-based, globally operating USC Consulting Group ("USC") from 2022 to until his recent resignation;

  • With USC, spearheaded operational readiness for a Canadian-owned gold entity in Europe as it advances toward production of ~150,000 ounces per year while continuing a major exploration program featuring 17 drill rigs;

  • With USC, optimized the management operating system to enhance profitability of a producing gold mine in Eastern Europe;

  • CEO of Armenian Gas and Power Enterprises 2018-2022;

  • Seven years with Dundee Precious Metals (2011-2018) where he advanced the company's interests in Armenia and globally while overseeing all internal and external operational aspects for Dundee Precious Metals Kapan;

  • Twelve years with AFI International Group Inc. (1998-2010) where roles included National Vice-President, Mining Operations and Risk Mitigation, and National Vice-President, Strategic Business Solutions;

  • Keynote speaker at numerous international conferences for the past 17 years.

Hratch commented: "I'm thrilled to lead Galloper Gold and I thank Mark and the entire board for this special opportunity. The team at Galloper has done a fantastic job assembling assets in Newfoundland highlighted by the Glover Island Project surrounding a known historic gold deposit. Glover Island presents an extraordinary opportunity that we will pursue vigorously as we differentiate ourselves in the junior gold sector."

Galloper Gold wishes to thank Mark Scott for his valuable contributions as CEO and looks forward to his continued input as a director of the Company.

Galloper Gold ANNOUNCES GRANT OF STOCK OPTIONS
Galloper announces the granting of an aggregate of 1,750,000 stock options of which 1,500,000 will be granted to directors and officers of the Company with an exercise price of $0.12 per share, which will expire after 2 years and shall vest quarterly over the coming 12 months. A total of 250,000 stock options have been granted to consultants with an exercise price of $0.12, which shall vest quarterly over the coming 12 months and will expire after 24 months. The stock options are subject to the policies of the Canadian Securities Exchange, applicable securities laws and the terms of the Corporation's equity incentive plan.

On behalf of the Board of Directors,
Mr. Hratch Jabrayan
CEO and Director
Galloper Gold Corp.

Company Contact:
info@gallopergold.com
Tel: 778-655-9266

Investor Relations:
MarketSmart Communications
Tel: 877-261-4466

Acknowledgment - Newfoundland & Labrador Junior Exploration Assistance Program
Galloper Gold acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

Galloper Gold Corp.
Galloper is focused on mineral exploration in the Central Newfoundland Gold Belt with its Glover Island and Mint Pond properties, each prospective for gold and base metals. The Glover Island Property consists of 532 mining claims totaling 13,300 hectares while Mint Pond consists of 499 claims totaling 12,475 hectares.

For more information please visit www.GalloperGold.com and the Company's profile on SEDAR+ at www.sedarplus.ca.

Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Forward-looking statements in this news release include statements regarding the proposed property purchase transaction and acquisition of additional claims, the provision of IR services by the Consultant, and the grant of stock options. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks, including the risk that the property purchase transaction may not be completed as expected or at all, or that the option grants may vary. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally, risks related to capital markets, risks related to the state of financial markets or future metals prices and the other risks described in the Company's publicly filed disclosure.

Management has provided the above summary of risks and assumptions related to forward-looking statements in this news release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this news release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE:Galloper Gold Corp.



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1911 Gold - Logo (CNW Group/1911 Gold Corporation)

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About 1911 Gold Corporation

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1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/30/c0974.html

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