Mr. Robert Hinchcliffe reports

GALWAY METALS ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT FOR UPDATED CLARENCE STREAM MINERAL RESOURCE ESTIMATE

Galway Metals Inc. has filed on SEDAR+ an independent technical report supporting the updated mineral resource estimate (MRE) for its 100-per-cent-owned Clarence Stream gold project in southwestern New Brunswick.

The report was prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has an effective date of May 29, 2026. The updated MRE was previously announced in the company's news release dated July 13, 2026. There are no material differences in the report from the results disclosed in that news release.

The complete report, titled "NI 43-101 Technical Report Clarence Stream Project, New Brunswick, Canada," was prepared for Galway Metals by SLR Consulting (Canada) Ltd., and is available on the company's website and under the company's issuer profile on SEDAR+.

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 NI 43-101.

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 holds a 90-per-cent participating interest in the Estrades project, a former-producing high-grade, gold-rich polymetallic VMS (volcanogenic massive sulphide) mine in the northern Abitibi of western Quebec. Dowa Metals & Mining Co. Ltd. holds a 10-per-cent participating interest pursuant to the previously announced option and joint venture term sheet under which Dowa may earn up to a 45-per-cent interest in the project. 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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