Galway drills 28 m of 6.1 g/t Au at Clarence Stream

Executive Summary

• Galway Metals Inc. released initial assay results from nine diamond drill holes at the South deposit of its Clarence Stream gold project in New Brunswick, Canada.
• The results highlight thick, high-grade gold-antimony mineralization, reinforcing the continuity of the deposit and highlighting antimony as a potential byproduct.
• The company is currently conducting an updated mineral resource estimate and has ramped up drilling operations with a fourth rig, with significant volumes of assays pending from the South, Southwest, and North deposits.

Key Details

• CS-416: Intersected 6.1 g/t Au and 0.7% Sb over 28.0 metres, including:
  • 21.8 g/t Au and 3.3% Sb over 1.0 m
  • 40.7 g/t Au and 0.7% Sb over 1.0 m
  • 22.6 g/t Au and 0.7% Sb over 1.0 m
• CS-417: Intersected 3.6 g/t Au and 0.4% Sb over 26.0 metres, including:
  • 12.4 g/t Au and 0.5% Sb over 5.0 m
• CS-424: Intersected 1.5 g/t Au and 0.4% Sb over 3.0 m.
• Drill Program Context: These nine holes represent the first results from the 2026 drill program at the South deposit, which hosts the highest-grade resource within the 2022 mineral resource estimate (333,000 oz indicated at 2.99 g/t Au and 325,000 oz inferred at 4.03 g/t Au).
• Hole Design: CS-416 and CS-417 were designed as ~25-metre-spaced infill holes targeting the central portion of the South deposit to confirm continuity of higher-grade mineralization within the resource pit shell. The remaining seven holes tested internal grade continuity and pit-shell boundaries.
• Pending Assays: Assays are pending for eight additional drill holes from the South deposit, 37 holes from the Southwest deposit, and 34 holes from the North deposit. Several holes from the Southwest and North deposits contain visible gold (e.g., CL-252 and ND-61).
• Geology: Mineralization is structurally controlled, associated with quartz veins and stockworks in brittle-ductile fault zones within intrusive and metasedimentary rocks. It is associated with pyrite, base metal sulphides, stibnite, and anomalous concentrations of bismuth, arsenic, antimony, and tungsten.
• Technical Review: Reviewed by Jesse Fisher, PGeo, a qualified person under NI 43-101.
• Assay Labs: Samples assayed by Activation Laboratories, Agat Laboratories, and Swastika Laboratories (all ISO/IEC 17025 accredited).
• QA/QC: Core recovery in mineralized zones averaged 99%. Standards, blanks, and duplicates inserted at one per 20 samples; ~5% of pulps/rejects sent for check assaying.

Notable Quotes

• "We are very encouraged by these initial results from our 2026 drilling program at the South deposit, which continue to demonstrate strong continuity of thick, high-grade gold mineralization with meaningful antimony values. These intercepts reinforce the robustness of the system within the core of the deposit and highlight the growing importance of antimony as a potential byproduct." — Rob Hinchcliffe, President and CEO