GALIANO GOLD ANNOUNCES AN IMPROVED LONG-TERM OUTLOOK AT THE ASANKO GOLD MINE

VANCOUVER, BC, Feb. 22, 2023 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU), as operator of the Asanko Gold Mine ("AGM") under the joint venture ("JV") with Gold Fields Ltd. ("Gold Fields") (JSE: GFI) (NYSE: GFI), is pleased to report the results of an independent Feasibility Study report ("Independent FS"), which includes the reinstatement of Mineral Reserves, along with Galiano's operating outlook at the AGM. The adoption and implementation of the revised life-of-mine ("LOM") plan and the operating outlook remain subject to approval pursuant to the JV agreement. The AGM located in Ghana, West Africa is a 50:50 JV with Gold Fields, which is managed and operated by Galiano. All figures are stated in US dollars unless otherwise stated.

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