Mr. Robert Hinchcliffe reports

GALWAY METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Galway Metals Inc. has closed its previously announced non-brokered private placement, consisting of 855,370 units of the corporation at a price of 54 cents per unit, for aggregate gross proceeds to the corporation of $461,899.80.

Each unit consists of one common share of the corporation and one-half of one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the corporation for an exercise price of 80 cents per share for a period of three years from the closing date of the private placement.

In connection with the closing of the private placement, one arm's-length finder will receive an aggregate of $13,859.10 in cash and 25,665 common share purchase warrants. Each finder's warrant will entitle the holder to acquire one common share of the corporation for an exercise price of 54 cents per share for a period of three years from the closing date of the private placement. Pursuant to applicable Canadian securities laws, all securities issued in connection with the private placement are subject to a hold period of four months and one day, expiring on April 12, 2026. The private placement remains subject to the final approval of the TSX Venture Exchange.

About Galway Metals Inc.

Galway Metals is focused on creating significant per share value through the exploration and sustainable development of its two 100-per-cent-owned projects in Canada. Galway's flagship project, Clarence Stream, is one of the most important gold districts in Atlantic Canada, as it hosts a large, high-grade gold resource in southwestern New Brunswick. Also important is Estrades, the former-producing, high-grade, gold- and zinc-rich polymetallic VMS (volcanogenic massive sulphide) mine in the northern Abitibi of western Quebec as it hosts significant resources in the middle of a major gold camp. After its successful spinout to existing shareholders from Galway Resources following the completion of the $340-million (U.S.) sale of that company, the company is looking to replicate the same success in Canada with its two highly perspective projects.

We seek Safe Harbor.