Galway drills 16 m of 4.1 g/t Au at Clarence Stream

Mr. Robert Hinchcliffe reports GALWAY METALS REPORTS HIGH-GRADE GOLD INTERCEPTS AT CLARENCE STREAM: 4.1 G/T AU OVER 16M, INCLUDING 41.9 G/T OVER 1.0M AT SOUTHWEST DEPOSIT Galway Metals Inc. has released drill results for six diamond drill holes at the Southwest deposit in the company's 100-per-cent-owned flagship Clarence Stream high-grade gold project in New Brunswick, Canada. The Clarence Stream gold project hosts district-scale potential, with approximately 65-kilometre strike length of highly prospective gold showings and anomalies, and a 2022 MRE (mineral resource estimate) of 12.4 million tonnes at 2.3 grams per tonne gold indicated for 922,000 ounces and 16.0 million tonnes 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: "The high-grade, shallow intercepts from recent drilling at the Southwest deposit are significant as they demonstrate continuity of gold within our modelled pits and support the conversion of inferred to indicated resources. Importantly, intercepts outside of the existing pit shells highlight the opportunity to expand the deposit into a much larger resource. With results pending from 42 holes at the North and Southwest deposits and three rigs actively turning, we anticipate steady news flow in the coming months as we continue to grow Clarence Stream's resource base." Highlights: CL-229 intersected 4.1 g/t gold over 16.0 m, including 41.9 g/t gold over 1.0 m (26 vertical metres from surface) and 0.7 g/t gold over 17.0 m (Section 1); CL-228 intersected 1.8 g/t gold over 7.0 m (16 vertical metres from surface) and 1.2 g/t gold over 9.0 m and 0.7 g/t gold over 10.0 m; CL-225 intersected 1.2 g/t gold over 10.0 m, including 2.7 g/t gold over 3.0 m and 3.3 g/t gold over 3.0 m (Section 2); Additional pending assays for 21 additional Southwest deposit holes and 21 North deposit holes. High-grade gold results connect mineralization within Southwest deposit The drill holes in this release were designed to expand and connect mineralization within the largest pit shell at the Southwest deposit. CL-225 intersected a wide envelope of mineralization just outside the existing pit, highlighting the potential to extend the resource farther north. CL-229 delivered a strong shallow intercept of 4.1 g/t Au over 16.0 m, including 41.9 g/t Au over 1.0 m, as well as a broad lower-grade zone of 0.7 g/t Au over 17.0 m immediately below the pit shell. The other holes in this release successfully filled gaps in the block model, improving continuity of mineralization. Assays are pending for 21 additional Southwest deposit holes and 21 North deposit holes, which are expected to provide important updates in the coming months. 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 on 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 NI 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 CIM (Canadian Institute of Mining, Metallurgy and Petroleum) 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 m to 1.5 m in length. All samples are assayed for gold by fire assay, with gravimetric finish, and other elements are assayed using ICP. The company's 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-pittable flagship Clarence Stream gold project in southwestern 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 region 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. We seek Safe Harbor.