Toronto, Ontario — August 10, 2016 — Galway Metals Inc. (TSX-V: GWM) (“Galway Metals” or the “Company”) today announces changes to the slate of management’s director nominees standing for election at its annual and special meeting of shareholders (the “Meeting“) scheduled to be held at 10:00 a.m. (Toronto time) on September 9, 2016 at 390 Bay Street, Suite 806, Toronto, Ontario.

In light of the fact that the Company has undertaken a significant transaction, Mr. Jimmy Lee, who owns or controls approximately 14.9% of the Company’s issued and outstanding common shares, believes that his role as a proposed member of the board of directors would not be as relevant as it would have been had the transaction not occurred. Details of the transaction are available in Galway’s news release dated August 3, 2016, and on Galway Metals’ issuer profile on SEDAR at Accordingly, Mr. Lee has withdrawn his request to be nominated as a board member at the upcoming Meeting. The slate of directors standing for election will be formally amended at the Meeting and will include the remaining nominees listed in the Company’s management information circular dated July 27, 2016, namely: Robert Hinchcliffe, Robb Doub, Alfonso Gómez Rengifo, Joseph Cartafalsa, Larry Strauss and Michael Sutton.

For further information contact:

Galway Metals Inc.
Robert Hinchcliffe
President & Chief Executive Officer

CAUTIONARY STATEMENT: Neither the 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 of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.