File: '\\swfile\EmailIn\20241017 135121 Attachment 20241017_Press Release.docx'

1

- 1 -

4890-7537-0661, v. 2

NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

NEWS RELEASE

ANDREW JOHN THOMSON ACQUIRES SECURITIES OF

GALAXY VENTURES INC.

Vancouver, British Columbia, October 17, 2024 - Andrew John Thomson (the "Acquiror") announces that he has directly acquired ownership and control of 50,000 common shares (the "Subject Shares") of Galaxy Ventures Inc. (the "Company" or "Galaxy"), effective October 8, 2024 (the "Acquisition").

The Subject Shares were acquired in the public market and represent 0.62% of all issued and outstanding common shares of the Company ("Shares") as of October 8, 2024, resulting in a corresponding change to the aggregate percentage ownership of the Company by the Acquiror.

Prior to the Acquisition, the Acquiror and his joint actor had ownership and control over 857,700 Shares, representing approximately 10.59% of the issued and outstanding Shares, along with 125,000 stock options of the Company (the "Options"). Prior to the Acquisition, assuming the exercise of all Options exercisable by the Acquiror within 60 days of the date of the Acquisition, the Acquiror and his joint actor would have had ownership and control over 982,700 Shares, representing approximately 11.95% of the issued and outstanding Shares on a partially diluted basis.

Following the Acquisition, the Acquiror and his joint actor held an aggregate of 907,700 Shares, representing approximately 11.21% of the issued and outstanding Shares, along with 125,000 Options. Assuming the exercise of all of the Options exercisable by the Acquiror within 60 days of the date of the Acquisition, the Acquiror and his joint actor would have had ownership and control over 1,032,700 Shares, representing approximately 12.56% of the issued and outstanding Shares on a partially diluted basis.

The Subject Shares were acquired for an aggregate purchase price of $3,612.50 through the facilities of the TSX Venture Exchange. The holding of securities of the Company by the Acquiror are managed for investment purposes, and the Acquiror and/or his joint actors may increase or decrease their respective investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor.

Additional Information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting: Andrew John Thomson, 1887 Crowe Street, Unit 803, Vancouver, British Columbia, V6C 2V6, Canada, Tel: (604) 780-2510.

File: Attachment 20241017_Press Release_FOR DISSEMINATION AND FILING.pdf

NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

NEWS RELEASE

ANDREW JOHN THOMSON ACQUIRES SECURITIES OF GALAXY VENTURES INC.

Vancouver, British Columbia, October 17, 2024 Andrew John Thomson (the "Acquiror") announces that he has directly acquired ownership and control of 50,000 common shares (the "Subject Shares") of Galaxy Ventures Inc. (the "Company" or "Galaxy"), effective October 8, 2024 (the "Acquisition").

The Subject Shares were acquired in the public market and represent 0.62% of all issued and outstanding common shares of the Company ("Shares") as of October 8, 2024, resulting in a corresponding change to the aggregate percentage ownership of the Company by the Acquiror.

Prior to the Acquisition, the Acquiror and his joint actor had ownership and control over 857,700 Shares, representing approximately 10.59% of the issued and outstanding Shares, along with 125,000 stock options of the Company (the "Options"). Prior to the Acquisition, assuming the exercise of all Options exercisable by the Acquiror within 60 days of the date of the Acquisition, the Acquiror and his joint actor would have had ownership and control over 982,700 Shares, representing approximately 11.95% of the issued and outstanding Shares on a partially diluted basis.

Following the Acquisition, the Acquiror and his joint actor held an aggregate of 907,700 Shares, representing approximately 11.21% of the issued and outstanding Shares, along with 125,000 Options. Assuming the exercise of all of the Options exercisable by the Acquiror within 60 days of the date of the Acquisition, the Acquiror and his joint actor would have had ownership and control over 1,032,700 Shares, representing approximately 12.56% of the issued and outstanding Shares on a partially diluted basis.

The Subject Shares were acquired for an aggregate purchase price of $3,612.50 through the facilities of the TSX Venture Exchange. The holding of securities of the Company by the Acquiror are managed for investment purposes, and the Acquiror and/or his joint actors may increase or decrease their respective investments in the Company at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor.

Additional Information

A copy of the applicable securities report filed in connection with the matters set forth above may be obtained by contacting: Andrew John Thomson, 1887 Crowe Street, Unit 803, Vancouver, British Columbia, V6C 2V6, Canada, Tel: (604) 780-2510.