(Toronto, Ontario, March 2, 2021) – Galway Metals Inc. (TSX-V: GWM, OTCQB: GAYMF) (the “Company” or “Galway”) is pleased to report drill results that expand the George Murphy Zone (GMZ) in multiple directions, and the connecting of the GMZ to the Adrian Zone (to the north) and the GMZ to the Richard Zone (to the southwest), which was previously connected to the Jubilee Zone (to the southwest). As such, all four zones that Galway has focused its drilling on during the past four years at the Company’s Clarence Stream gold project in southwest New Brunswick, Canada, have now been connected along 3.1km of strike length (Figure 1 and Figure 2). Highlights include:

  • Galway has eliminated the 400-metre gap between the GMZ and Richard Zones – the Zones are now connected. Previously-released 1.3 g/t Au over 41.2m (now 42.0m) in hole 189 and 1.4 g/t Au over 13.5m, plus 1.2 g/t Au over 9.0m, plus 0.8 g/t Au over 13.0m, plus 1.3 g/t Au over 5.0m, plus 1.0 g/t Au over 5.0m in hole 185 were located in the gap. New results in the gap include 1.4 g/t Au over 34.5m in hole 188 and 1.3 g/t Au over 42.0m in hole 189, among others. Also in this previous gap area is a new intersection in hole 186 of 0.8 g/t Au over 25.5m, which is in addition to that hole’s previously-released intersect of 18.8 g/t Au over 6.0m
  • The GMZ East Area has been extended deeper below several previously released intersections, including 40m deeper by hole 152, which intersected 4.0 grams per tonne (g/t) over 41.2 m and 75m deeper by hole 150, which intersected 4.7 g/t Au over 11.7 metres, (Figure 3)
  • The GMZ and Adrian Zones were connected through previous drilling, but the new intersection of 7.3 g/t Au over 13.5m in hole 152 is the closest to where the two zones join together. This intersect is within the Adrian Zone but only 12m from the wireframed GMZ Zone. The previously released intersection of 5.8 g/t Au over 55.5m (hole 122) is located 143m away from the 7.3 g/t Au over 13.5m (Figure 4 and Figure 5)
  • The GMZ has bulked up with an intersection of 4.4 g/t Au over 21.4m, plus 0.8 g/t Au over 35.9m in hole 100, located in the former centre of the zone. They are located 47m and 30m from an intersection of 1.9 g/t Au over 95.5m (previously 2.0 g/t Au over 54.0m in hole 97

“We are delighted to not only be releasing these wide and high-grade drill results but to finally prove our belief that these four new mineralized zones are connected, with a total strike length of 3.1 kilometers. This continuity should also enhance the economics of the project. We are looking to have a new resource estimate out by the end of March 2022, which will be the maiden resource estimate for this new area, in addition to an updated resource for the legacy North and the South zones, which have an additional 4.4km of strike,” cites Robert Hinchcliffe, President and CEO of Galway Metals,

“Galway entered into the project in 2016 with a vision of a new emerging gold district in Canada, with 65 kilometers of under-explored strike length, coupled with favorable infrastructure, and our consistent good results continue to demonstrate that vision. Moreover, with intercepts starting right from surface we are looking at open pit potential as well as underground for the deeper mineralization. Following the resource estimate, our drilling program will be focused on making new discoveries, following up on recent discoveries and expanding existing zones.”

George Murphy Zone East Highlights:

  • Hole 152: 4.0 g/t Au over 41.2m, including 16.2 g/t Au over 2.9m, 34.9 g/t Au over 1.5m, 12.1 g/t Au over 0.5m, 9.1 g/t Au over 1.0m, 8.5 g/t Au over 0.5m, and 14.0 g/t Au over 0.5m, plus 7.3 g/t Au over 13.5m (located in the Adrian Zone), including 175.0 g/t Au over 0.5m, starting at vertical depths of 138m and 189m
  • Hole 150: intersected 4.7 g/t Au over 11.7m, including 45.0 g/t Au over 0.5m and 36.8 g/t Au over 0.5m, starting at a vertical depth of 240m
  • Hole 130: intersected 1.4 g/t Au over 6.1m, including 4.5 g/t Au over 0.8m, plus 0.9 g/t Au over 9.0m, including 2.2 g/t Au over 1.5m, plus 0.9 g/t Au over 3.0m, starting at vertical depths of 133m, 149m, and 175m
  • Hole CL-126 intersected 1.1 g/t Au over 37.7m**, 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, plus 1.9 g/t Au over 4.0m, including 4.8 g/t Au over 1.0m, plus 1.8 g/t Au over 2.5m, starting at vertical depths of 150m, 185m, and 214m
  • Hole 119: intersected 0.8 g/t Au over 35.7m, including 4.6 g/t Au over 1.0m, 2.4 g/t Au over 0.6m, 1.7 g/t Au over 0.5m, 2.1 g/t Au over 1.0m, and 2.1 g/t Au over 1.0m, plus 1.3 g/t Au over 8.2m, including 3.1 g/t Au over 1.0m, plus 2.7 g/t Au over 5.0m including 10.9 g/t Au over 0.5m, and 8.8 g/t Au over 0.5m, starting at vertical depths of 168m, 215m, and 273m
  • Hole 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, plus 1.6 g/t Au over 3.0m, plus 2.5 g/t Au over 2.0m starting at vertical depths of 222m, 235m, 147m, 37m, and 307m
  • **Previously released. The GMZ intersects in the above bullets 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

GMZ-Richard Highlights that Closed the 400-Metre Gap Between the Two Zones:

  • Hole 189: 1.3 g/t Au over 42.0 (previously released as 1.3 g/t over 41.2 m), including 9.3 g/t Au over 1.0m, 3.9 g/t Au over 1.0m, 3.9 g/t Au over 1.0m, and 4.0 g/t Au over 0.9m, starting at a vertical depth of 199m
  • Hole 186: 18.8 g/t Au over 6.0m**,including 85.3 g/t Au over 1.0m, plus 0.8 g/t Au over 25.5m (previously released as 1.5 g/t Au over 8.5m), including 3.3 g/t Au over 1.5m, 2.3 g/t Au over 1.5m, and 2.5 g/t Au over 1.0m, starting at vertical depths of 49m and 73m
  • Hole 188: 1.4 g/t Au over 34.5 m, including 13.6 g/t Au over 1.5m, 4.6 g/t Au over 1.1m, and 3.7 g/t Au over 1.1m, plus 12.9 g/t Au over 0.5m, starting at vertical depths of 212m and 113m
  • Hole 190: 1.8 g/t Au over 6.0 m, including 4.5 g/t Au over 1.5m, plus 1.4 g/t Au over 2.0m, plus 0.8 g/t Au over 3.0m, starting at vertical depths of 220m, 195m, and 270m
  • Hole 187: 0.6 g/t Au over 10.5 m, plus 3.6 g/t Au over 1.0m, plus 1.2 g/t Au over 2.0m, starting at vertical depths of 53m, 215m, and 202m

George Murphy Zone Highlights (Original Part of the GMZ):

  • Hole 100: 4.4 g/t Au over 21.4m, including 65.6 g/t Au over 1.0m, plus 0.8 g/t Au over 35.9m, including 3.7 g/t Au over 2.0m, 2.2 g/t Au over 0.5m, 2.7 g/t Au over 1.0m, and 2.6 g/t Au over 0.85m, plus 0.8 g/t Au over 3.0m, starting at vertical depths of 136m, 68m, and 54m
  • Hole 97: 1.9 g/t Au over 95.5m (previously released as 2.0 g/t Au over 54.0m), including 29.7 g/t Au over 0.5m, 11.5 g/t Au over 0.5m, 10.6 g/t Au over 0.5m, 9.9 g/t Au over 0.5m, 6.1 g/t Au over 1.5m, 7.5 g/t Au over 0.5m, 6.1 g/t Au over 0.5m, 12.3 g/t Au over 1.5m, 16.3 g/t Au over 1.5m, 4.3 g/t Au over 1.5m, and 5.9 g/t Au over 0.5m, plus 2.4 g/t Au over 9.0m, including 7.0 g/t Au over 1.5m, plus 0.6 g/t Au over 3.0m, starting at vertical depths of 102m, 51m, and 44m below surface

Adrian Zone Highlights:

  • Hole 152: 4.0 g/t Au over 41.2 m (located in the GMZ), including 16.2 g/t Au over 2.9m, 34.9 g/t Au over 1.5m, 12.1 g/t Au over 0.5m, 9.1 g/t Au over 1.0m, 8.5 g/t Au over 0.5m, and 14.0 g/t Au over 0.5m, plus 7.3 g/t Au over 13.5m (Adrian Zone), including 175.0 g/t Au over 0.5m starting at vertical depths of 138m and 189m
  • Hole 118: 0.8 g/t Au over 12.0 m, including 3.7 g/t Au over 1.5m, plus 1.7 g/t Au over 2.5m including 6.4 g/t Au over 0.5m, plus 0.9 g/t Au over 9.0m, including 2.6 g/t Au over 0.5m, and 2.1 g/t Au over 0.5m starting, at vertical depths of 175m, 205m and 346m
  • Hole CL-98 intersected 0.6 g/t Au over 47.0m (previously reported as 1.1 g/t Au over 11.5m), including 6.4 g/t Au over 0.5m, 6.6 g/t Au over 0.5m, 2.1 g/t Au over 0.5m, 1.8 g/t Au over 1.5m, and 3.8 g/t Au over 1.5m, plus 5.2 g/t Au over 1.0m, plus 9.0 g/t Au over 1.5m, starting at vertical depths of 132m, 64m, and 216m
  • Hole CL21-92 intersected 22.7 g/t Au over 3.5m**, including 98.7 g/t Au over 0.5m, plus 24.6 g/t Au over 3.0m**, including 67.0 g/t Au over 1.0m, plus 11.3 g/t Au over 0.5m, plus 0.9 g/t Au over 7.5m, including 5.3 g/t Au over 0.5m, plus 0.9 g/t Au over 6.6m including 2.6 g/t Au over 0.5m, starting at vertical depths of 301m, 80.5m, 180m, 309m, and 143m below surface

Four Zones Joined into One!

The assays from drilling that Galway has been waiting for during the past several months have been returned with good intersections west, east, and north of the GMZ. These and other important holes have now connected all the four zones. The GMZ and the Richard Zones have been connected with intersections of 1.3 g/t Au over 42.0m (hole 189), 18.8 g/t Au over 6.0m plus 0.8 g/t Au over 25.5m (hole 186), and 1.4 g/t Au over 34.5 m (hole 188), and 1.4 g/t Au over 13.5m, plus 1.2 g/t Au over 9.0m, plus 0.8 g/t Au over 13.0m, plus 1.3 g/t Au over 5.0m, plus 1.0 g/t Au over 5.0m in hole 185. These holes are 50-165m apart from one another, and all with steep SE dips. The GMZ has been extended to depth to the NE with intersections such as 4.7 g/t Au over 11.7m, and 4.0 g/t Au over 41.2m.

Size of Adrian Zone Increases

The wide vein zone within the Adrian Zone is located down-dip from the original Adrian discovery holes where the zone appears to flatten and thicken considerably before intersecting the steeper GMZ. It was previously expanded by 44 metres (m) to the northeast with an intersect that returned 5.8 g/t Au over 55.5m in hole CL-122 from a previously-released intersect that returned 1.1 g/t Au over 78.5m in hole CL-52. There were assays pending up-hole from the intersection in hole 122 but only sporadic lower grades were returned despite strong quartz veining there. At only 12m from the wireframed GMZ Zone, the new intersection of 7.3 g/t Au over 13.5m in hole 152 is the closest to where the two zones join together.

Hole 98 intersected 0.6 g/t Au over 47.0m (previously reported as 1.1 g/t Au over 11.5m), which represents the furthest northeastern intersection in Adrian, located 51m east of 0.9 g/t Au over 14.8m in hole 77 in the same zone. The 0.9 g/t Au over 6.6m in hole 92 appears to be the same zone further west, while the 0.9 g/t Au over 7.5m and 22.7 g/t Au over 3.5m appear to be a splay and the continuing vein off of the 5.7 g/t Au over 25.0m in hole 103. The 0.9 g/t Au over 9.0m in hole 118 appears to be this same vein 103m from the 5.7 g/t Au over 25.0m.

Table 1: Drill Result Highlights

Hole ID From

(m)

To

(m)

Intercept

(m)

TW

(m)

Au

g/t

Zone
GWM-21CL-89 87.5088.501.000.903.8**Adrian
 118.50120.001.501.400.9**Adrian
 138.00139.501.501.400.5**Adrian
 179.00182.003.002.8078.4**Adrian
Including181.00181.500.500.50313**Adrian
Including181.50182.000.500.50147**Adrian
 184.00185.001.000.900.7**Adrian
 190.00202.0012.0011.100.5**Adrian
 207.50209.001.501.400.5**Adrian
 227.00228.501.501.400.4**Adrian
 240.50241.501.000.906.4**Adrian
 251.50252.501.000.900.4**Adrian
 256.00257.501.501.400.7**Adrian
 266.00267.001.000.900.4**Adrian
 310.00311.001.000.902.2Adrian
 325.00329.004.003.700.6Adrian
GWM-21CL-9280.5083.503.003.0024.6**Adrian
including80.5081.501.001.0067.0**Adrian
 129.00129.500.500.502.7Adrian
 146.40153.006.606.600.9Adrian
including149.00149.500.500.502.6Adrian
 180.00180.500.500.5011.3**Adrian
 301.00304.503.503.5022.7**Adrian
including301.00301.500.500.5098.7**Adrian
 311.50319.007.507.500.9Adrian
including311.50312.000.500.505.3Adrian
GWM-20CL-9597.50100.002.500.8Adrian
 142.00143.001.000.7Adrian
 189.00190.001.000.5Adrian
GWM-21CL-96135.00136.501.501.400.6Adrian
 160.50162.001.501.400.5Adrian
 175.00176.001.000.904.9Adrian
 183.00184.001.000.901.7Adrian
 204.00204.500.500.501.1Adrian
GWM-21CL-9743.5046.503.001.000.6GMZ
 54.0063.009.003.002.4GMZ
including57.0058.501.500.507.0GMZ
 105.00200.5095.5031.301.9GMZ
105.00159.0054.0017.702.0**GMZ
including107.00107.500.500.205.9GMZ
including107.50108.000.500.2011.5GMZ
including109.00109.500.500.2010.6GMZ
including114.00114.500.500.2029.7GMZ
including116.50118.001.500.506.1GMZ
including119.00119.500.500.207.5GMZ
including119.50120.000.500.209.9GMZ
including121.00122.000.500.206.1GMZ
including135.00136.000.500.204.7GMZ
including160.00161.501.500.504.3GMZ
including167.50169.001.500.5016.3GMZ
including194.50196.001.500.5012.3GMZ
GWM-21CL-10058.0061.003.001.600.8GMZ
 74.00109.8535.8519.100.8GMZ
including74.0076.002.001.103.7GMZ
including80.0080.500.500.302.2GMZ
including95.0096.001.000.502.7GMZ
including99.50100.350.850.502.6GMZ
 148.50169.8521.3511.404.4GMZ
including155.50156.501.000.5065.6GMZ
GWM-21CL-118 180.00192.0012.0011.900.8Adrian
including181.50183.001.501.503.7Adrian
 193.80195.001.201.200.7Adrian
 205.00206.001.001.000.6Adrian
 208.00210.502.502.501.7Adrian
including209.00209.500.500.506.4Adrian
 214.50215.501.001.000.4Adrian
 235.50237.001.501.500.6Adrian
 286.00287.001.001.001.6Adrian
 328.50330.001.501.501.5**Adrian
 331.50333.001.501.500.6**Adrian
 351.00360.009.008.900.9Adrian
including351.00352.001.001.000.5**Adrian
including353.00353.500.500.502.6Adrian
 354.00354.500.500.502.1Adrian
GWM-21CL-119118.90120.001.101.000.5**GMZ
 122.00123.201.201.100.5**GMZ
 157.00157.650.650.600.6GMZ
 164.00165.501.501.400.6GMZ
 168.50170.502.001.900.7GMZ
 198.40234.1035.7034.000.8Adrian
 198.40220.0021.6020.600.7**Adrian
including229.00230.001.001.004.6Adrian
including199.40200.000.600.602.4Adrian
including202.50203.000.500.501.7Adrian
including219.00220.001.001.002.1Adrian
including222.00223.001.001.002.1Adrian
 256.85265.008.157.801.3Adrian
including262.00263.001.001.003.3Adrian
 305.00305.500.500.502.7Adrian
 322.00326.954.954.702.7Adrian
including325.10325.600.500.5010.9Adrian
including326.45326.950.500.508.8Adrian
 331.85332.350.500.501.5Adrian
 394.75395.751.001.002.2Adrian
GWM-21CL-121 154.50158.003.501.401.6**GMZ
including155.50156.000.500.204.5**GMZ
 176.50177.000.500.201.6GMZ
 362.85363.350.500.204.6GMZ
 374.75377.502.751.102.2GMZ
including377.00377.500.500.207.1GMZ
 380.20380.900.700.301.5GMZ
 201.00211.2010.204.101.6**GMZ
 213.20214.301.100.400.7**GMZ
 229.50230.501.000.401.7**GMZ
 266.50269.002.501.001.7**GMZ
including267.50268.000.500.206.0**GMZ
 275.75477.00201.2580.90pendingGMZ
GWM-21CL-122137.90139.001.100.700.5GMZ
 230.00232.002.001.300.5Adrian
 243.50244.000.500.300.6Adrian
 254.00255.001.000.700.6Adrian
 263.00318.5055.5036.605.8**Adrian
308.00315.507.504.9030.7**Adrian
including310.00310.500.500.30151.0**Adrian
including314.00314.550.550.40144.0**Adrian
 340.00340.500.500.3034.0**Adrian
GWM-21CL-126197.00234.3037.3028.801.1**Adrian
including208.00209.001.000.803.4**Adrian
including213.00214.001.000.803.6**Adrian
including222.00223.001.000.803.2**Adrian
 242.50246.504.003.101.9Adrian
including242.50243.501.000.804.8Adrian
 281.00283.152.501.901.8Adrian
 292.00293.001.000.800.9Adrian
GWM-21CL-130 152.00158.106.103.801.4GMZ
including156.65157.400.750.504.5GMZ
 160.00160.500.500.300.9GMZ
 163.80169.900.00pendingGMZ
 170.50179.509.005.600.9GMZ
including176.50178.001.500.902.2GMZ
 179.50193.500.00pendingGMZ
 198.00201.003.001.900.9**GMZ
 202.00324.00122.0076.10pendingGMZ
GWM-21CL-139 42.0045.003.001.401.6GMZ
 167.00175.508.503.901.0**GMZ
including170.00171.501.500.702.7**GMZ
 186.50230.5044.0020.20pendingAdrian
 252.00252.500.500.200.5**Adrian
 254.00255.001.000.5097.7**Adrian
including254.00254.500.500.20193.0**Adrian
 267.50274.507.003.202.0**Adrian
including267.50268.000.500.2017.9**Adrian
 281.00282.501.500.701.5Adrian
 349.50351.502.000.902.5Adrian
 357.80358.300.500.201.6Adrian
GWM-21CL-150133.10134.251.150.900.7GMZ
 295.35296.100.750.600.5GMZ
 323.00334.6511.659.604.7GMZ
including323.50324.000.500.4045.0GMZ
including327.50333.000.500.4036.8GMZ
 387.50385.00 pending
 401.10411.00 pending
GWM-21CL-152191.80233.0041.2033.304.0GMZ
including191.80193.301.501.2034.9GMZ
including194.80195.300.500.4012.1GMZ
including213.80214.300.500.4014.0GMZ
including220.60223.502.902.3016.2GMZ
 251.50252.000.500.401.1Adrian
 263.50264.000.500.400.5Adrian
 265.50279.0013.5010.807.3Adrian
 including269.00269.500.500.40175.0Adrian
 338.00346.008.006.501.3Adrian
including340.50341.000.500.403.5Adrian
including345.00346.001.000.806.9Adrian
GWM-21BL-18530.0035.005.003.101.3**Richard
including31.0032.001.000.603.1**Richard
including34.5035.000.500.304.4**Richard
70.0073.003.001.900.7**Richard
85.0086.501.500.900.8**Richard
89.0098.009.005.601.2**Richard
including91.0092.001.000.607.0**Richard
129.50132.002.501.601.2**Richard
166.00166.500.500.303.8**Richard
178.00183.005.003.101.0**Richard
201.00214.0013.008.100.8**Richard
including202.50204.001.500.902.4**Richard
including213.00214.001.000.604.8**Richard
238.50252.0013.508.501.4**Richard
including242.00243.001.000.606.4**Richard
including251.00252.001.000.608.5**Richard
366.00381.0015.009.400.7*Richard
GWM-21BL-18632.0033.001.000.400.4**Richard
72.0078.006.002.5018.8**Richard
including73.0074.001.000.4085.3**Richard
99.50101.001.500.700.5**Richard
107.00132.5025.5011.100.8Richard
107.00115.508.503.701.5**Richard
including107.00108.501.500.702.3Richard
including110.00111.501.500.703.3**Richard
including125.00126.001.000.402.5Richard
 197.50208.00 0.00pendingRichard
 251.00253.002.000.900.8Richard
 263.00270.000.00pendingRichard
 270.00272.002.000.900.8Richard
GWM-21BL-18775.5086.0010.504.500.6Richard
 128.00138.50 0.00pendingRichard
 149.00159.50 0.00pendingRichard
 323.00324.501.500.601.0Richard
 327.50329.502.000.901.2Richard
 333.00334.001.000.400.5Richard
 351.00352.001.000.403.6Richard
GWM-21BL-18818.0019.101.100.700.6Richard
 26.0027.001.000.600.6Richard
 58.0058.500.500.300.6Richard
61.5063.001.500.903.3Richard
64.5066.001.500.900.6Richard
 83.0084.001.000.600.5Richard
 118.50119.000.500.3012.9Richard
 161.00162.001.000.600.8Richard
 220.50255.0034.5020.501.4Richard
including220.50221.601.100.704.6Richard
including250.50252.001.500.9013.6Richard
including238.00239.501.500.903.7Richard
 280.00281.501.500.901.0Richard
GWM-21BL-18971.0072.001.000.600.4Richard
 81.0082.501.500.903.3Richard
 140.50151.00 0.00pendingRichard
197.50200.503.001.900.8**Richard
208.00250.0042.0026.601.3Richard
 208.85250.0041.1526.001.3 **Richard
including213.50214.501.000.603.9**Richard
including225.00226.001.000.603.9**Richard
including247.50248.350.850.504.0**Richard
including249.00250.001.000.609.3**Richard
262.50264.001.500.900.5**Richard
268.50270.001.500.900.8**Richard
270.00372.00 pendingRichard
GWM-21BL-19068.0069.501.500.900.5Richard
including180.50182.001.500.900.5Richard
202.00204.002.001.201.4Richard
 227.00233.006.003.601.8Richard
including231.50233.001.500.904.5Richard
 243.50245.001.500.900.6Richard
 251.00252.501.500.901.1Richard
 255.50257.001.500.900.9Richard
 280.00283.003.001.800.8Richard

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

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
GWM21CL-89120-67654359.05022870242
GWM21CL-9216-85654456.95022853324
GWM21CL-9537-45654445.05022882219
GWM21CL-96311-51654553.55022834234
GWM21CL-97293-75654352.15022386202
GWM21CL-100319-67654352.65022388189
GWM21CL-11860-81654371.75022780381
GWM21CL-119305-59654602.25022602400
GWM21CL-121312-67654561.45022514477
GWM21CL-122312-45654561.45022514441
GWM21CL-126313-51654583.05022546330
GWM21CL-130317-62654583.05022547324
GWM21CL-139296-62.5654645.05022627375
GWM21CL-150318-45654653.05022382411
GWM21CL-152300-47654565.05022410351
GWM21BL-185310-75653033.35021071359
GWM21BL-186150-45653813.15021846387
GWM21BL-187135-45653682.85021851365
GWM21BL-188320-75653789.05021987485
GWM21BL-189316-74653852.25021880444
GWM21BL-190315-75.8653899.65021914375

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 Richard and Jubilee Zones

 

Figure 3 – GMZ Long Section

Figure 4 – Plan Map of the GMZ and Adrian Zones

Figure 5 – 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.