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Galway Metals First Hole Intersects 72.5 g/t Au over 1.6m at Estrades

TORONTO, ONTARIO–(Marketwired – Feb. 28, 2017) – Galway Metals Inc. (TSX VENTURE:GWM) (the “Company” or “Galway”) is pleased to announce assay results from its first diamond drill hole from its 18,314 hectare Estrades polymetallic property located in the northern Abitibi of western Quebec, Canada. On August 18, 2016, the Company announced that it had consolidated 100% of the Estrades mining camp, which includes approximately 17, 16, and 31 km along the Estrades, nearby Newiska and Casa Berardi trends, respectively. Galway simultaneously released the results of an updated NI 43-101 Estrades resource estimate carried out by Roscoe Postle Associates (RPA). A summary of the new resource is provided below. Breakwater Resources Ltd. spent CDN$20 million in 1990 developing Estrades, including the installation of a 200 metre (m) deep by 150 m along strike decline, a ventilation raise and associated infrastructure. Production in 1990-91 totalled 174,946 tonnes grading 12.9% Zn, 6.4 g/t Au, 1.1% Cu and 172.3 g/t Ag. Breakwater closed the mine amid weak metal prices.