Gold Results from the California Project

 

TORONTO - Galway Resources Ltd. reported progress achieved on its California gold properties in Colombia. These properties are located adjacent to and along strike with Ventana's La Mascota property. The sample results provided below were taken from the Pie De Gallo pit, the eastern portion of which is 200 meters to the southwest of the property line with Ventana. Sampling 25 meters from the boundary has also returned significant results, including 8m of 6.6 g/t gold.

Galway is currently drilling within the Pie De Gallo pit and results from the first hole are expected in two weeks. The second hole has commenced from the same drill platform as the first, and the second drill rig is expected to begin drilling by the end of January.

"We are excited that these additional results support the strong potential revealed from our earlier sampling efforts. In particular, outcrop sampling indicates that the gold trends from Ventana's La Mascota and Las Mercedes gold discoveries extend onto Galway's property. Galway's drill program is now in progress and is designed to test these and other mineralized structures," cites Robert Hinchcliffe, President and CEO of Galway Resources.

The Company reported significant high-grade gold from surface channel and chip sampling of outcrops in the Pie de Gallo area (See Figure 1). Some of the higher-grade assays include:

 28m of 16.6 g/t Au, including 18m of 24.4 g/t Au, including 2m of 118.3 g/t Au

 34m of 3.8 g/t Au, including 2m of 35.6 g/t Au

 16m of 4.5 g/t Au, including 4 m of 9.7 g/t Au

The company’s address is 60 Bay Street, Suite 500, Toronto, ON M5H 2V6, 800-475-2412, email: [email protected].