Mr. Rob Hinchcliffe reports

GALWAY METALS REPORTS HIGH-GRADE DRILLING AT NORTH DEPOSIT INTERSECTS 18.0 G/T GOLD OVER 3.0M FROM 53M DEPTH

Galway Metals Inc. has released drill results for 10 diamond drill holes from the North deposit within its 100-per-cent-owned flagship Clarence Stream gold project in New Brunswick, Canada. Clarence Stream hosts district-scale potential along a 65-kilometre strike length of highly prospective gold showings, anomalies and a 2022 MRE (mineral resource estimate) of 12.4 Mt (million tonnes) at 2.3 grams per tonne Au indicated for 922,000 ounces, and 16.0 Mt at 2.6 g/t Au inferred for 1,334,000 ounces gold from the National Instrument 43-101 technical report titled "Technical Report on the Clarence Stream Mineral Resource Project, New Brunswick, Canada" dated March 31, 2022, by SLR Consulting Ltd.

Rob Hinchcliffe, president and chief executive officer of Galway, commented: "Today's results continue to underscore the strength of the shallow mineralization at the North deposit. We still have 29 holes pending from this area, which will help refine our understanding of the size and continuity of the near-surface system. As we work through these results, we are also planning to move one of our three rigs to the highest-grade resource at Clarence Stream, the South deposit, to begin drilling there shortly. We look forward to updating shareholders as results from both areas become available."

Highlights

North deposit

• ND-40: 18.0 grams per tonne gold over 3.0 metres, including 47.8 g/t gold over 1.0 metre, starting 53 vertical metres from the surface;
• ND-36: 2.8 g/t gold over 7.0 metres, starting 25 vertical metres from the surface;
• ND-34: 2.5 g/t gold over 7.0 metres, starting 47 vertical metres from the surface.

Growing the North deposit

Drill holes ND-34 and ND-36 were completed to tighten spacing and evaluate continuity within areas of the existing 2022 MRE. ND-40 and the seven other drill holes released today focused on expanding the known mineralized footprint within the eastern portion of the North deposit, where Galway recently identified a 350-metre trend extending beyond the current resource pit outline.

This phase of drilling has begun to outline a broader mineralized corridor that remains open for further definition. A total of 29 drill holes (2,737 metres) remain pending at the North deposit, including hole ND-61, which contains visible gold. These results, once received, will help refine Galway's understanding of the scale and continuity of mineralization in this emerging area.

Geology and mineralization

The Clarence Stream deposits can be characterized as intrusion-related, structurally controlled, quartz-vein hosted gold deposits. These deposits consist of quartz veins and quartz stockwork within brittle-ductile fault zones that include adjacent crushed, altered wall rocks and veinlet material. The mineralized systems are hosted in intrusive and metasedimentary rocks within high strain zones controlled by regional fault systems. Pyrite, base metal sulphides and stibnite occur in these deposits along with anomalous concentrations of bismuth, arsenic, antimony and tungsten. Alteration in the host rocks is confined within a few metres of quartz veins and occurs mainly in the form of sericitization and chloritization. A more complete description of Clarence Stream's geology and mineralization can be found at the company's website.

New Brunswick Junior Mining Assistance Program

Galway would like to acknowledge financial support from the New Brunswick Junior Mining Assistance Program, which will contribute up to $50,000 toward exploration drilling in 2025.

Review by qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Jesse Fisher, PGeo, project manager for Clarence Stream and a qualified person as defined by National Instrument 43-101. Mr. Fisher certifies that this news release fairly and accurately reflects the technical information and data presented. Galway Metals conducts its exploration activities in accordance with Canadian Institute of Mining Best Practices Guidelines.

Quality control and reports

All core, chip/boulder samples and soil samples are assayed by Activation Laboratories, located at 41 Bittern St., Ancaster, Ont., Canada, Agat Laboratories, located at 5623 McAdam Rd., Mississauga Ont., Canada, L4Z 1N9, and 35 General Aviation Rd., Timmins, Ont., P4P 7C3, and/or Swastika Laboratories situated in Swastika, Ont. All four labs have ISO/IEC 17025 accreditation. All core is under watch from the drill site to the core processing facility. Drill core is NQ size and sample intervals range from 0.5 metre to 1.5 metres in length. All samples are assayed for gold by fire assay, with gravimetric finish and other elements assayed using ICP. The company's QA/QC (quality assurance/quality control) 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 5 per cent 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 per cent.

About Galway Metals Inc.

Galway Metals is a Canadian mineral exploration and development company focused on advancing its 100-per-cent-owned, high-grade, open-pitable flagship Clarence Stream gold project in southwest New Brunswick. Clarence Stream is an emerging gold district with an exploration strike length of approximately 65 kilometres and widths of up to 28 kilometres in certain areas. Galway Metals also has 100-per-cent ownership in the Estrades project, a former producing high-grade, gold-rich polymetallic VMS (volcanogenic massive sulphide) mine in the northern Abitibi of Western Quebec. Led by a management team with a proven record of creating shareholder value having sold Galway Resources for $340-million (U.S.), Galway Metals is focused on creating value for all its stakeholders.

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