Galore Closes $1,150,000 Private Placement

FOR IMMEDIATE RELEASE Wednesday, March 17, 2010

GALORE CLOSES $1,150,000 PRIVATE PLACEMENT

Vancouver, B.C., Galore Resources Inc. (GRI-TSX-V) is very pleased to announce the closing of its non-brokered private placement announced on February 10, 2010. The Company issued 7,666,667 units at a price of $0.15 per unit which included up to a 15% overallotment option announced on the date of offering. The total proceeds raised in this placement amount to $1,150,000.

Each unit (a “Unit”) consists of one common share and one share purchase warrant (a “Warrant”). Each Warrant is exercisable into one additional common share at a price of $0.25 per share for a period of twoyears, expiring March 15, 2012.

The Company has paid a cash finder’s fee of $64,000 in connection with the private placement to certain parties who were instrumental in introducing investors to the Company.

In addition, the Company issued 540,000 Finder’s Compensation Options, exercisable at a price of $0.23 for a period of one-year into 540,000 common shares and 540,000 share purchase warrants. Each warrant issued on exercise of the Finder’s Compensation Option has the same terms as the Warrants issued in the private placement. All securities issued by the Company in connection with the private placement are subject to a statutory hold period and may not be traded until July 15, 2010.

The proceeds of the placement will be used to expand the Company’s exploration program on its 100% owned Dos Santos project located in the historic Concepcion del Oro region of Zacatecas State, Mexico and for general working capital.

To find out more about Galore Resources, visit our new website at www.galoreresources.com

GALORE RESOURCES INC.

“Michael Byrne”

President

For more information, please contact:

Erica C. Bearss Vice President Corporate Communications Email: [email protected] PH: 604-647-2298 FAX: 604-647-0086

Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company. No securities commission or similar regulatory authority has passed on the merits of or reviewed the information contained herein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

03/17/10