(Toronto, Ontario, March 13, 2024) – Galway Metals Inc. (TSX-V: GWM); OTCQB: GAYMF) (the “Company” or “Galway”) is pleased to report assay results from its diamond drilling program at the Southwest Deposit at the Company’s 100%-owned flagship Clarence Stream high-grade gold project in New Brunswick, Canada. The Southwest Deposit, as well as the South and North Deposits, are open in all directions for expansion. Management believes that the Clarence Stream gold project has districtscale potential with an exploration strike length of approximately 65 kilometres.

Rob Hinchcliffe, President and CEO of Galway stated “We are excited about these new results from the Southwest Deposit because they demonstrate good gold continuity. More specifically we are seeing extensions of mineralization at surface and at depth including a high-grade intercept extending the Southwest Deposit 106 metres with spectacular visible gold (Link to figure 1). With gold prices trading close to an all-time high we remain bullish on the Company’s 2024 outlook”.

Extended Mineralization at Depth (Link to figures 2 & 3)

BL-251 intersected 114.1 g/t gold over 2 metres including 447.0 g/t gold over 0.5 metres
Extending mineralization 106 metres at depth from previously released high-grade intercepts of 44.1 g/t gold over 9.5 metres (BL-87) and 20.7 g/t gold over 9.45 metres (BL72)
BL-252 intersected 7.43 g/t gold over 6 metres including 20.95 g/t gold over 1.0 metre and 3.08 g/t gold over 7.5 metres
Extended Mineralization to Surface

BL-253 intersected 0.94 g/t gold over 6.5 metres beginning 12.7 vertical metres from the surface
BL-249 intersected 0.53 g/t gold over 10 metres beginning at 19 vertical meters from the surface
Results from Drilling
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https://galwaymetalsinc.com/2024/03/galway-metals-drilling-expands-southwest-deposit-at-depth-with-114-1-g-t-gold-over-2-0m-including-447-0-g-t-gold-over-0-5m/