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Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name Galiano Gold Inc.  
Reporting Year From 1/1/2024 To: 12/31/2024 Date
submitted		 5/30/2025  
Reporting Entity ESTMA Identification Number E322718  Original Submission
 Amended Report		    
   
Other Subsidiaries Included
(optional field)		    
   
Not Consolidated    
   
Not Substituted        
   
Attestation by Reporting Entity              
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.   
 
 
 
 
               
               
Full Name of Director or Officer of Reporting Entity Matthew Freeman Date 5/30/2025  
Position Title Chief Financial Officer  


Extractive Sector Transparency Measures Act - Annual Report
Reporting Year From:  1/1/2024 To:  12/31/2024    
Reporting Entity Name Galiano Gold Inc. Currency of the Report USD
Reporting Entity ESTMA Identification Number E322718    
Subsidiary Reporting Entities (if necessary)      
Payments by Payee
Country Payee Name1

Departments,
Agency, etc…
within Payee that
Received
Payments2

 Taxes Royalties Fees

Production
Entitlements

 Bonuses Dividends Infrastructure
Improvement
Payments

Total
Amount paid
to Payee

 Notes34
Ghana Government of Ghana Minerals Income Investment Fund   11,051,000           11,051,000  Payments relate to mining royalties.
Ghana Government of Ghana Register General Department   225,000           225,000  Payments relate to mining royalties.
Ghana Government of Ghana Ghana Revenue Authority 598,000 2,627,000            3,225,000  Payments relate to mining royalties and withholding taxes. Amounts denominated in Ghanaian Cedis were translated at rates of between 11.6-15.9 Cedis per USD.
Ghana Government of Ghana Minerals Commission     3,178,000          3,178,000  Payments relate to mining and prospecting licenses, mineral rights fees, license transfer fees and permits. Amounts denominated in Ghanaian Cedis were translated at rates of between 11.9-16.2 Cedis per USD.
Ghana Government of Ghana Environmental Protection Agency     223,000          223,000  Payments relate to processing fees and permits. Amounts denominated in Ghanaian Cedis were translated at rates between 13.8-14.1 Cedis per USD.
Ghana Government of Ghana Ministry of Lands and Natural Resources (Department: Administrator of Stool Lands)     145,000          145,000  Payments relate to surface access rights. Amounts denominated in Ghanaian Cedis were translated at rates between 12.0-16.0 Cedis per USD.
Ghana Manso Nkran Community               164,000  164,000  Payments relate to construction of a community centre.
Ghana Abore Community               1,116,000  1,116,000  Payments relate to construction of community road.
                       
Additional Notes: 1) All amounts have been reported in United States dollars ("USD"). Amounts paid in currencies other than USD have been translated using the spot rate prevailing at the time of payment.
2) All amounts have been rounded to the nearest USD$1,000.
3) All amounts have been reported on a cash-basis. In-kind payments (i.e. construction of community infrastructure) are reported at cost to construct the underlying assets.
4) Payments in-kind to the Manso Nkran and Abore Communities related to the construction of a community centre and community road, respectively. The Company has reported these payments in 2024, being the year the projects were handed over to the communities. The reported payments were measured at cost to construct the underlying assets.


Extractive Sector Transparency Measures Act - Annual Report
Reporting Year From:  1/1/2024 To:  12/31/2024    
Reporting Entity Name Galiano Gold Inc. Currency of the Report USD
Reporting Entity ESTMA Identification Number E322718    
Subsidiary Reporting Entities (if necessary)      
Payments by Project
Country Project Name1 Taxes Royalties Fees Production Entitlements Bonuses Dividends Infrastructure Improvement Payments Total Amount paid by Project Notes23
Ghana Asanko Gold Mine - 13,903,000 3,546,000 - - - 1,280,000 18,729,000 Payments relate to: mining and prospecting licenses and permits, mineral rights fees, mining royalties, license transfer fees, surface access fees, processing fees, and construction of community infrastructure. Amounts denominated in Ghanaian Cedis were translated at rates of between 11.6-16.2 Cedis per USD.
Ghana Galiano Gold Inc. 598,000 - - - - - - 598,000 Payments relate to withholding taxes. Amounts denominated in Ghanaian Cedis were translated at rates of between 12.1-14.9 Cedis per USD.
                     
Additional Notes3: 1) All amounts have been reported in United States dollars ("USD"). Amounts paid in currencies other than USD have been translated using the spot rate prevailing at the time of payment.
2) All amounts have been rounded to the nearest USD$1,000.
3) All amounts have been reported on a cash-basis. In-kind payments (i.e. construction of community infrastructure) are reported at cost to construct the underlying assets.
4) Payments in-kind to the Manso Nkran and Abore Communities related to the construction of a community centre and community road, respectively. The Company has reported these payments in 2024, being the year the projects were handed over to the communities. The reported payments were measured at cost to construct the underlying assets.