(Toronto, Ontario, December 7, 2021) – Galway Metals Inc. (TSX-V: GWM, OTCQB: GAYMF) (the “Company” or “Galway”) is pleased to report drill results that expand the Adrian Zone in multiple directions, and the George Murphy Zone where the Company recently reported a 50% strike length expansion. Significant potential exists to be able to combine the GMZ with the Adrian and Richard Zones at its Clarence Stream property in southwest New Brunswick, Canada.

Adrian Zone Highlights:

  • The wide vein within the Adrian Zone was previously expanded by 44 metres (m) to the northeast with an intersect that now returns 5.8 g/t Au over 55.5m in hole CL-122 (originally reported as 38.6 g/t Au over 7.5m with assays pending; assays are still pending) from a previously-released intersect that returned 1.1 g/t Au over 78.5m in hole CL-52
  • This vein has now been expanded 192m northeast with 2.2 g/t Au over 10.7m in hole 136 from the intersect in hole CL-52
  • A deeper vein in the Adrian Zone was expanded 207m south with an intersect that returned 97.7g/t Au over 1.0m in hole CL-139 from several previously-released intersects such as 22.7 g/t Au over 3.5m (hole CL-92), 5.7 g/t Au over 25.0m (hole CL-103), and 12.9 g/t Au over 2.0m (hole CL-116)

George Murphy Zone Highlights:

  • Drilling in the George Murphy Zone (GMZ) has intersected 8.1 g/t Au over 17.5m in hole CL-136. This intersection is located 108m southwest of a previously-reported intersect in hole 109 that returned 1.7 g/t Au over 10.0m
  • These GMZ intersects are located within the 400m gap between the previous northeastern edge of the GMZ and wildcat step-out hole CL-75 that returned 9.4 g/t Au over 0.5m, which represented a 50% expansion of the GMZ to more than 1.1km
  • Most of these wide and high-grade intersections from both the GMZ and Adrian Zones are likely to fall within pit shells. For details, refer to Figure 1, Figure 2 and Figure 3

“Galway continues to receive wide and high-grade drill results that are expanding the GMZ and Adrian Zones and significantly improving the potential to combine these two pits into one. We see the same potential with the GMZ and Richard Zones where wide mineralized intersects were recently released and where additional assays are pending. We believe these pending results will contribute significantly to the ability to combine these zones, enhance the economics of the project and benefit the resource update. As a result, the resource update will be released in the first quarter rather than this month,” cites Robert Hinchcliffe, President and CEO of Galway Metals, “We are pleased to see many of the holes drilled have wide intersects in both the GMZ and Adrian Zones. There are pending assays in both zones and mineralization appears to continue past the intersects being released.”

Drill Highlights

  • Hole CL-122 intersected 5.8 g/t Au over 55.5m (previously reported as 38.5 g/t Au over 7.5m), which includes 151.0 g/t Au over 0.5m, 144.0 g/t Au over 0.55m, 110.0 g/t Au over 0.5m, 41.6 g/t Au over 0.5m, 21.2 g/t Au over 0.5m, 23.7 g/t Au over 0.5m, and 35.4 g/t Au over 0.5m, plus 34.0 g/t Au over 0.5m, starting at vertical depths of 176m and 226m
  • Hole CL-120 intersected 3.9 g/t Au over 17.0m (previously reported as 10.2 g/t Au Over 6.0m), including 91.2 g/t Au over 0.5m, plus 0.9g/t Au over 52.5m, including 4.0 g/t Au over 3.0m, 4.3 g/t Au over 1.0m, and 7.6 g/t Au over 0.5m, starting at vertical depths of 115m, and 169m
  • Hole CL-136 intersected 8.1 g/t Au over 17.5m, including 89.2 g/t Au over 0.5m and 88.8 g/t Au over 0.65m, plus 2.2 g/t Au over 10.7m, including 16.9 g/t Au over 0.5m, and 20.4 g/t Au over 0.5m, plus 1.0 g/t Au over 13.0m, including 7.1 g/t Au over 1.0m, starting at vertical depths of 85m, 201m, and 175m
  • Hole CL-139 intersected 97.7 g/t Au over 1.0m, including 193.0 g/t Au over 0.5m, plus 2.0 g/t Au over 7.0m, including 17.9 g/t Au over 0.5m, plus 1.0 g/t Au over 8.5m, including 2.7 g/t Au over 1.5m, starting at vertical depths of 222m, 235m, and 147m
  • Hole CL-126 intersected 1.1 g/t Au over 37.3m, including 3.6 g/t Au over 1.0m, 3.4 g/t Au over 1.0m, and 3.2 g/t Au over 1.0m, starting at a vertical depth of 150m
  • Hole CL-94 intersected 1.2 g/t Au over 34.0m, including 16.0 g/t Au over 1.0m, starting at a vertical depth of 155m
  • Hole CL-117 intersected 1.3 g/t Au over 19.5m, including 9.5 g/t Au over 1.0m, 3.3 g/t Au over 1.0m, and 3.6 g/t Au over 0.5m, starting at a vertical depth of 80m
  • Hole CL-123 intersected 11.2 g/t Au over 4.25m, including 77.7 g/t Au over 0.6, starting at a vertical depth of 133m
  • Hole CL-134 intersected 5.5 g/t Au over 4.7m, including 23.8 g/t Au over 0.5m, and 16.5 g/t Au over 0.7m, starting at a vertical depth of 179m
  • Hole CL-102 intersected 1.0 g/t Au over 24.0m, including 3.6 g/t Au over 2.5m, and 5.3 g/t Au over 1.5m, starting at a vertical depth of 139m
  • Hole CL-105 intersected 6.5 g/t Au over 3.5m, including 14.8 g/t Au over 0.5m, plus 3.9 g/t Au over 4.0m, including 12.6 g/t Au over 1.0m, plus 0.5 g/t Au over 11.5m, starting at vertical depths of 166m, 191m, and 206m
  • Hole CL-103 intersected 2.4 g/t Au over 6.0m, plus previously-released 5.7 g/t Au over 25.0m, including 20.5 g/t Au over 5.95m, starting at vertical depths of 229m and 286m
  • Hole CL-107 intersected 3.4 g/t Au over 7.0m, including 12.3 g/t Au over 1.0m, starting at a vertical depth of 297m
  • Hole CL-98 intersected 1.1 g/t Au over 11.5m, including 6.4 g/t Au over 0.5m, and 3.8 g/t Au over 1.5m, starting at a vertical depth of 165m
  • Hole CL-91 intersected 0.7 g/t Au over 21.0m, including 2.1 g/t Au over 1.5m, starting at a vertical depth of 84m
  • Hole CL-125 intersected 0.6 g/t Au over 19.0m, including 2.0 g/t Au over 1.0m, starting at a vertical depth of 172m
  • Hole CL-121 intersected 1.6 g/t Au over 10.2m, starting at a vertical depth of 185m
  • Hole CL-93 intersected 0.8 g/t Au over 15.2m, including 2.9 g/t Au over 1.0m, plus 0.5 g/t Au over 19.0m, starting at vertical depths of 190m, and 162m
  • Hole CL-101 intersected 1.0 g/t Au over 5.5m, including 3.3 g/t Au over 1.0m starting at a vertical depth of 260m
  • Hole CL-82 intersected 1.5 g/t Au over 5.05m, plus previously released 1.5 g/t Au over 14.6m, including 8.7 g/t Au over 1.05m, and 4.2 g/t Au over 0.6m, starting at vertical depths of 295m and 68m

ADRIAN INCREASES

Most of the new intersections are located down-dip from the original Adrian discovery holes where the zone appears to flatten and thicken considerably before intersecting the steeper GMZ. The 5.8 g/t Au over 55.5m intersection in hole 122 is preceded by 20%-55% quartz for 60 metres with pending assays. It is located 44m northeast of another wide intersection from hole CL-52 which returned 1.1 g/t Au over 78.5m. Going northeast from these holes, the closest intersections are 1.1 g/t Au over 37.3m in hole 126, located 78m away, but that is at a higher elevation – assays are pending for mineralized core further down where the main part of the zone should be. Hole 136 appears to have intersected the same zone, returning 2.2 g/t Au over 10.7m, located 192m northeast of the intersect in hole 52. Holes 125, 126, 144, 147, 150, 152 are pending most or all assays for this zone.

Hole 139 intersected 193.0 g/t Au over 0.5m plus 2.0 g/t Au over 7.0m, which appear to line up with a high-grade zone that has previously-reported intersections of 22.7 g/t Au over 3.5m, including 98.7 g/t Au over 0.5m (hole 92), 5.7 g/t Au over 25.0m, including 20.5 g/t Au over 5.95m (hole 103), and 12.9 g/t Au over 2.0m, including 48.2 g/t Au over 0.5m (hole 116). These intersections are located 207m to the northeast of hole 139 with numerous holes between pending assays. Hole 107 has intersected this high-grade zone, returning 3.4 g/t Au over 7.0m, located 42m southwest of hole 116.

Hole 98 intersected 1.1 g/t Au over 11.5m, which represents the furthest northeastern intersection in Adrian, located 35m east of the 12.9 g/t Au over 2.0m in hole 116 – but not in the same zone.

The intersections in holes 91 and 82 appear to line up with previously-released hole 77 (1.3 g/t Au over 35.3m, plus 0.9 g/t Au over 14.8m) and likely represent where the folded Adrian Zone comes towards surface.

GMZ INCREASES

The GMZ has been intersected in hole 136, returning 8.1 g/t Au over 17.5m. This intersection is located within the previous 400m gap between the northeastern edge of the GMZ and wildcat step-out hole 75 that returned 9.4 g/t Au over 0.5m, which represented a 50% expansion of the GMZ to more than 1.1km. The intersection in hole 136 is located 108m to the southwest of previously-reported hole CL-109 that returned 1.7 g/t Au over 10.0m. Hole 117, which returned 1.3 g/t Au over 19.5m, intersected the same zone 64m below the 1.7 g/t Au over 10.0m. Holes 121, 122, 123, 125, 126, 130, 139, and 144 are pending most assays for this zone.

The GMZ/Adrian Zones are currently more than 1.1km long with multiple structures over 388m horizontal thickness (width), and with all veins open in every direction. The Adrian Zone is north of the GMZ and is part of the same overall system that Galway has been drilling during the past 4 years that stretches 3.1km from Adrian to the GMZ, Richard and Jubilee Zones (Adrian is flat dipping whereas the latter three are steeply dipping to the south). Soil anomalies, in conjunction with glacial till and stream sediment anomalies along magnetic lows led to the discovery of all 7 known gold deposits at Clarence Stream, and the property hosts many other as of yet untested gold anomalies.

Resource will be released in the first quarter of 2022

The Clarence Stream resource update targeted for this month is now scheduled for the first quarter. Galway has in excess of 8,000 samples pending assay results at the labs. There is generally an 8-12 week delay in receiving results, and the Company would like to incorporate key pending assays into the update. A recent previously-reported intersection of 1.3 g/t Au over 41.15 metres in the 400m gap between the Richard and the GMZ came from an area with numerous holes pending all assays. This area too is key to the resource because it could combine two pits into one. Galway plans on incorporating all zones discussed in this press release, Adrian, GMZ, Richard and Jubilee, which cover a strike length of 3.1km, as well as the existing South and North Zones, into the resource update.

Table 1: Drill Result Highlights

Hole IDFromToInterceptTWAuZone
(m)(m)(m)(m)g/t
GWM20CL-4073.2583.059.806.51.1**GMZ
including75.7076.550.854.1**GMZ
85.6086.601.000.6**GMZ
92.8596.503.651.2**GMZ
180.40188.905.904.00.7**GMZ
including185.25186.000.750.502.5**GMZ
197.00197.950.950.6**GMZ
GWM20CL-4866.5068.001.500.4Adrian
GWM20CL-52100.50102.001.501.6 **Adrian
148.00149.501.501.2**Adrian
173.00174.501.505.9**Adrian
177.50179.001.502.3**Adrian
189.50231.0041.501.3 **Adrian
152.50231.0078.5076.101.1**Adrian
including191.00197.006.005.804.7 **Adrian
including204.00204.500.500.502.3**Adrian
including226.00226.500.500.505.7 **Adrian
including227.50228.000.500.502.4**Adrian
including230.50231.000.500.502.3**Adrian
352.00354.502.500.5Adrian
GWM20CL-81178.00179.001.000.6Adrian
179.85184.554.7033.7 VG**Adrian
including180.35182.502.1560.7 VG**Adrian
188.60189.100.500.6Adrian
190.65192.652.000.5Adrian
198.60201.002.400.7Adrian
226.50229.503.000.6Adrian
268.50270.001.501.5**Adrian
309.00310.501.500.5Adrian
312.00315.003.001.2**Adrian
GWM20CL-8222.4023.100.701.8**Adrian
31.8032.500.702.2**Adrian
68.0069.001.001.0**Adrian
72.6586.5513.901.5**Adrian
including73.6574.250.604.2**Adrian
including78.7079.751.058.7**Adrian
91.4092.200.800.4Adrian
100.25103.853.600.5**Adrian
112.85115.702.850.9**Adrian
169.30171.251.950.5**Adrian
180.00181.051.050.7**Adrian
203.80204.450.651.7**Adrian
238.15239.201.050.6Adrian
311.05316.105.051.5**Adrian
332.65333.200.550.7Adrian
337.00339.002.000.6Adrian
GWM21CL-8987.5088.501.003.8**Adrian
118.50120.001.500.9Adrian
138.00139.501.500.5Adrian
179.00182.003.0078.4**Adrian
including181.00181.500.50313**Adrian
including181.50182.000.50147**Adrian
184.00185.001.000.7**Adrian
190.00202.0012.000.5Adrian
207.50209.001.500.5Adrian
227.00228.501.500.4Adrian
240.50241.501.006.4Adrian
251.50252.501.000.4Adrian
256.00257.501.500.7Adrian
266.00267.001.000.4Adrian
285.00327.0042.00pendingAdrian
GWM21CL-90143.00145.502.501.2Adrian
156.00157.501.500.7Adrian
171.00172.501.500.4Adrian
211.00213.002.000.5Adrian
219.00220.501.500.5Adrian
222.00224.002.000.9Adrian
226.00227.001.000.5Adrian
229.00230.001.000.4Adrian
236.00237.001.000.6Adrian
240.00242.002.001.0Adrian
317.45318.400.958.8Adrian
365.60367.001.401.4Adrian
GWM21CL-9160.0061.501.500.5Adrian
84.0085.001.000.5Adrian
90.50111.5021.000.7Adrian
110.00111.501.502.1Adrian
138.50140.001.500.6Adrian
166.50167.000.500.8Adrian
178.50179.000.502.2Adrian
191.10191.600.500.6Adrian
197.50198.000.500.5Adrian
GWM21CL-93144.00148.504.500.6Adrian
202.50204.001.500.4Adrian
207.00226.0019.000.5Adrian
239.00254.2015.200.8Adrian
including246.00247.001.002.9Adrian
GWM21CL-94155.00156.001.000.6Adrian
158.00159.001.000.5Adrian
167.00168.001.000.4Adrian
170.00204.0034.0030.501.2Adrian
including178.00179.001.000.9016.0Adrian
GWM20CL-9643.7544.600.850.4**Adrian
53.0054.101.100.8**Adrian
62.1563.651.500.5**Adrian
135.00136.501.500.6Adrian
146.00147.001.009.9**Adrian
160.50162.001.500.5Adrian
175.00184.009.000.9Adrian
including175.00175.500.507.9Adrian
190.15209.0018.850.7**Adrian
Including199.65200.200.558.5**Adrian
217.35220.753.401.1**Adrian
204.00204.500.501.1Adrian
GWM21CL-9871.0072.001.005.2Adrian
146.50154.508.000.5Adrian
163.50168.505.001.3Adrian
including163.50164.000.506.6Adrian
180.00180.500.500.5Adrian
182.00193.5011.501.1Adrian
including182.00183.501.503.8Adrian
including193.00193.500.506.4Adrian
201.00501.00300.00pendingAdrian
GWM21CL-101183.00184.001.000.6Adrian
205.50206.000.506.5Adrian
215.50217.001.500.8Adrian
301.00302.001.000.5Adrian
304.00309.505.501.0Adrian
including304.00305.001.003.3Adrian
347.00381.5034.50pendingAdrian
388.00401.0013.00pendingAdrian
GWM21CL-10246.5055.008.50pendingAdrian
145.00169.0024.001.0Adrian
including145.00147.502.503.6Adrian
including151.00152.501.505.3Adrian
227.50229.001.500.6Adrian
GWM21CL-103131.30132.000.700.8Adrian
321.00327.006.002.4Adrian
400.00425.0025.005.7**Adrian
including408.05414.005.9520.5**Adrian
GWM21CL-105169.50173.003.506.5Adrian
including170.50171.000.5014.8Adrian
181.00185.004.000.5Adrian
195.50199.504.002.8Adrian
including196.00197.001.0012.8Adrian
210.50222.0011.500.5Adrian
GWM21CL-107146.00164.0018.000.2Adrian
214.00214.500.501.6Adrian
295.00295.500.500.5Adrian
300.00307.007.003.4Adrian
including304.00305.001.0012.3Adrian
GWM21CL-10921.0022.501.500.4
162.00163.501.500.7
179.00189.0010.008.701.7**
including187.00188.001.000.908.0**
196.00197.001.001.5**
200.00543.00343.00pending
649.50660.7011.20pending
GWM21CL-11212.0021.509.50pendingAdrian
30.0099.0069.00pendingAdrian
109.00109.700.701.2Adrian
153.00163.0010.001.6**Adrian
including153.00154.001.005.3**Adrian
including158.00159.001.005.5**Adrian
199.50201.001.500.6Adrian
222.00223.501.503.7Adrian
241.50259.5018.00pendingAdrian
298.00308.0010.000.8**Adrian
including306.50307.300.803.4**Adrian
321.00366.0045.00pendingAdrian
382.50397.0014.50pendingAdrian
408.00418.0010.00pendingAdrian
GWM21CL-116123.00126.003.000.4Adrian
126.00130.004.00pendingAdrian
159.00159.500.502.0Adrian
179.50180.601.100.9Adrian
191.00194.003.001.3Adrian
including191.00192.001.003.5Adrian
217.50218.000.500.5Adrian
237.00240.003.001.8Adrian
including237.00237.500.507.0Adrian
261.00262.501.502.3Adrian
297.50299.001.500.9Adrian
304.50306.502.012.9**Adrian
including305.00305.500.5048.2**Adrian
309.50310.100.600.7Adrian
315.00316.501.500.5Adrian
GWM21CL-11784.00103.5019.505.401.3GMZ
including94.5095.501.000.309.5GMZ
including90.5091.501.000.303.3GMZ
including100.50101.000.500.103.6GMZ
107.30108.301.000.4GMZ
111.30117.005.701.600.6GMZ
145.80146.500.701.0GMZ
200.50304.50104.00pendingAdrian
309.00310.501.500.5Adrian
312.00318.006.00pendingAdrian
GWM21CL-11811.00207.00196.00pendingAdrian
270.00327.1057.10pendingAdrian
328.50330.001.501.5Adrian
331.50333.001.500.6Adrian
351.00352.001.000.5Adrian
363.00364.001.0012.9Adrian
373.50375.001.500.5Adrian
375.00381.006.00pendingAdrian
GWM21CL-11946.00104.5058.50pendingGMZ
118.90120.001.100.5GMZ
122.00123.201.200.5GMZ
123.20187.0063.80pendingGMZ
198.40220.0021.6020.600.7**GMZ
220.00400.00180.00pendingGMZ
GWM21CL-12061.60102.0040.40pendingGMZ
108.00142.0034.00pendingGMZ
145.00162.0017.0010.503.9GMZ
including143.50144.000.500.300.6GMZ
including145.00145.500.500.3091.2GMZ
145.00151.006.0010.2**GMZ
172.00180.008.00pendingAdrian
188.00189.001.000.5Adrian
199.00251.5052.5041.900.9Adrian
including204.00207.003.002.404.0Adrian
including215.00216.001.000.804.3Adrian
including251.00251.500.500.407.6Adrian
280.00281.001.000.8Adrian
309.00310.001.000.4Adrian
314.00315.001.003.3Adrian
366.50385.0018.50pendingAdrian
394.50413.0018.50pendingAdrian
413.00419.256.250.6Adrian
419.25423.504.25pendingAdrian
423.50429.005.500.5Adrian
GWM21CL-121154.50158.003.501.401.6GMZ
including155.50156.000.504.5GMZ
162.00181.0019.00pendingGMZ
189.00198.509.50pendingGMZ
201.00211.2010.204.101.6GMZ
213.20214.301.100.7GMZ
229.50230.501.001.7GMZ
266.50269.002.501.7GMZ
including267.50268.000.506.0GMZ
275.75477.00201.25pendingGMZ
GWM21CL-12256.0096.0040.00pendingAdrian
137.00196.5059.50pendingAdrian
219.00263.0044.00pendingAdrian
263.00318.5055.5036.605.8Adrian
including310.00310.500.500.30151.0**Adrian
including314.00314.550.550.40144.0**Adrian
303.75308.004.25pendingAdrian
340.00340.500.5034.0Adrian
412.50441.0028.50pendingAdrian
GWM21CL-12362.00148.0086.00pendingGMZ
151.25155.504.252.1011.2GMZ
including151.25151.750.50.277.7GMZ
155.50180.0024.50pendingGMZ
183.00185.002.002.8GMZ
185.00426.50241.50pendingGMZ
GWM21CL-12557.00226.00169.00pendingAdrian
226.00245.0019.0014.500.6Adrian
244.00245.001.000.802.0Adrian
250.00373.00123.00pendingAdrian
GWM21CL-12656.00193.00137.00pendingAdrian
197.00234.3037.3028.801.1Adrian
including208.00209.001.008.003.4Adrian
including213.00214.001.000.803.6Adrian
including222.00223.001.000.803.2Adrian
239.50330.0090.50pendingAdrian
GWM21CL-13025.00195.00170.00pendingGMZ
198.00201.003.000.9GMZ
202.00324.00122.00pendingGMZ
GWM21CL-134154.00155.001.000.5GMZ
160.00162.002.001.0GMZ
187.00188.001.002.2GMZ
195.00199.704.702.105.5GMZ
including198.50199.000.500.2023.8GMZ
including199.00199.700.700.3016.5GMZ
212.15213.000.850.6GMZ
221.00222.001.001.1GMZ
231.50240.008.500.7GMZ
249.00252.503.500.6Adrian
257.00258.001.001.0Adrian
GWM21CL-136109.00126.5017.5011.408.1GMZ
including121.50122.000.500.3089.2GMZ
including122.00122.650.650.4088.8GMZ
130.50131.501.000.7GMZ
165.00166.851.850.5GMZ
229.00242.0013.009.901.0Adrian
including241.00242.001.000.807.1Adrian
251.70253.001.301.0Adrian
259.00260.001.000.6Adrian
263.30274.0010.708.202.2Adrian
including263.30263.800.500.4016.9Adrian
including264.65265.150.500.4020.4Adrian
284.00285.001.000.9Adrian
306.00312.656.650.7Adrian
324.00325.001.000.7Adrian
GWM21CL-13942.00154.50112.50pendingGMZ
167.00175.508.503.901.0GMZ
including170.00171.501.500.702.7GMZ
186.50230.5044.00pendingAdrian
252.00252.500.500.5Adrian
254.00255.001.0097.7Adrian
including254.00254.500.50193.0Adrian
267.50274.507.002.0Adrian
including267.50268.000.5017.9Adrian
279.50375.0095.50pendingAdrian

** previously released; VG = visible gold. 0.42 g/t Au was used for the bottom cut-off; True widths are unknown if not noted.

New Brunswick Junior Mining Assistance Program

Galway would like to acknowledge financial support from the New Brunswick Junior Mining Assistance Program, which partially funded drilling of the GMZ, Jubilee, and Richard Zones.

Geology and Mineralization

The discovery of the Richard Zone in hole 12 contains elevated levels of bismuth, arsenopyrite, and antimony, in multiple quartz veins, with tungsten in the vicinity. This is similar to other Clarence Stream deposits, which can be characterized as intrusion-related quartz-vein hosted gold deposits. The Richard Zone contains multiple zones of quartz veining with sulfides and sericite alteration. In general, mineralization at Clarence Stream consists of 10-70% quartz stockworks and veins with 1-5% fine pyrite plus pyrrhotite plus arsenopyrite plus stibnite in sericite altered sediments. The Jubilee mineralization consists of 2%-5% disseminated pyrite, sphalerite, galena, arsenopyrite, chalcopyrite, and pyrrhotite in sediments with white to smoky grey quartz veining. Locally there is up to 10% sphalerite and semi-massive galena veinlets. The 2.5 km trend that hosts the GMZ, Richard and Jubilee Zones contains a mineralized mafic intrusive locally – similar to the South Zone, which currently hosts most of the property’s last reported gold resources (September 2017). A more complete description of Clarence Stream’s geology and mineralization can be found at www.galwaymetalsinc.com.

Review by Qualified Person, Quality Control and Reports

Michael Sutton, P.Geo., Director and VP of Exploration for Galway Metals, is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release on behalf of Galway Metals Inc. All core, chip/boulder samples, and soil samples are assayed by Activation Laboratories, located at 41 Bittern Street, Ancaster, Ontario, Canada, Agat Laboratories, located at 5623 McAdam Road, Mississauga Ontario, Canada L4Z 1N9 and 35 General Aviation Road, Timmins, ON P4P 7C3, and/or Swastika Laboratories situated in Swastika, ON. All four labs have ISO/IEC 17025 accreditation. All core is under watch from the drill site to the core processing facility. All samples are assayed for gold by Fire Assay, with gravimetric finish, and other elements assayed using ICP. The Company’s QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at one per 20 samples. Approximately five percent (5%) of the pulps and rejects are sent for check assaying at a second lab with the results averaged and intersections updated when received. Core recovery in the mineralized zones has averaged 99%.

Table 2: Drill Hole Coordinates

Hole IDAzimuthDipEastingNorthingDepth
GWM20CL-40122-486543915022582204
GWM20CL-48339-455023060654230339
GWM20CL-52345-756543685022562393
GWM20CL-8185-706543665022822408
GWM20CL-8285-706543635022871381
GWM21CL-89120-676543595022870242
GWM21CL-90326-476544825022649369
GWM21CL-91100-706543595022870240
GWM21CL-93317-556544825022649396
GWM21CL-94315-656544825022649369
GWM20CL-9695-456538965022081492
GWM21CL-98316-666545535022834201
GWM21CL-101108-606543595022870347
GWM21CL-10273-786543625022829240
GWM21CL-103310-456546575022676465
GWM21CL-10566-786543665022802309
GWM21CL-10778-83.56544225022812330
GWM21CL-109310-606546575022676680
GWM21CL-11280-816544355022828288
GWM21CL-11680-806543965022852321
GWM21CL-117310-756546565022676318
GWM21CL-11860-816543715022783381
GWM21CL-119305-596546045022607400
GWM21CL-120312-566545645022510429
GWM21CL-121312-676545645022510477
GWM21CL-122312-456545645022510441
GWM21CL-123310-615022476654546427
GWM21CL-125310-506545465022477373
GWM21CL-126313-516545835022546330
GWM21CL-130317-626545835022547324
GWM21CL-134315-716545835022546327
GWM21CL-136310-536546485022613369
GWM21CL-139296-62.56546455022627375

For results of all holes that Galway has drilled at Clarence Stream, go to Galway’s website at www.galwaymetalsinc.com.

Figure 1: Plan Map of the Adrian, GMZ, Richard and Jubilee Zones

 

Figure 2: Plan Map of the Adrian and GMZ Zones

 

Figure 3: GMZ and Adrian Cross Section

About the Company

Galway Metals is well capitalized with two projects in Canada: Clarence Stream, an emerging gold district in New Brunswick, and Estrades, the former producing, high-grade, gold-rich VMS polymetallic mine in Quebec. The Company began trading on January 4, 2013, after its successful spinout to existing shareholders from Galway Resources following the completion of the US$340 million sale of that company. With substantially the same management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with Galway Resources.

Should you have any questions and for further information, please contact (toll free):

Galway Metals Inc.

Robert Hinchcliffe

President & Chief Executive Officer

1-800-771-0680

Website: www.galwaymetalsinc.com

Email: info@galwaymetalsinc.com

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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.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements made herein with respect to, among other things, the Company’s objectives, goals or future plans, potential corporate and/or property acquisitions, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, exploration results being less favourable than anticipated, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, risks associated with the defence of legal proceedings and other risks involved in the mineral exploration and development industry, as well as those risks set out in the Company’s public disclosure documents filed on SEDAR. Although the Company believes that management’s assumptions used to develop the forward-looking information in this news release are reasonable, including that, among other things, the Company will be able to identify and execute on opportunities to acquire mineral properties, exploration results will be consistent with management’s expectations, financing will be available to the Company on favourable terms when required, commodity prices and foreign exchange rates will remain relatively stable, and the Company will be successful in the outcome of legal proceedings, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.