GRI.V · 2014-10-10

Galore Announces Closing on a First Tranche of Its Non-Brokered Private Placement

Financings

FOR IMMEDIATE RELEASE October 10, 2014

GALORE ANNOUNCES CLOSING ON A FIRST TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT

Vancouver, B.C., Galore Resources Inc. (TSX-V: GRI) is pleased to announce that it has closed on a first tranche of its non-brokered private placement originally announced June 10 and September 22, 2014. In this first tranche, the Company has issued 2,270,300 units at a price of $0.05 per unit for gross proceeds of $113,515.00.

Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable to acquire an additional common share for a period of 24 months, at an exercise price of $0.10 per share, expiring October 8, 2016.

All securities issued by the Company in connection with the private placement are subject to a statutory hold period which expires on February 9, 2015.

The Company anticipates closing a second tranche of the private placement shortly and will provide an update in due course.

The proceeds of the offering will be used to commence the anomaly follow-up phase for Dos Santos and for general working capital.

Additionally, the Company announces the grant of a total of 2,300,000 incentive options to directors and officers. The options are exercisable at a price of $0.15 for a period of five years from the date of grant.

Galore Resources is a British Columbia-based exploration company with promising exploration properties in Mexico and British Columbia.

GALORE RESOURCES INC.

“Uwe Schmidt”

President, CFO and Director

To find out more about Galore Resources (TSX.V:GRI) please contact:

Mike McMillan at (210) 860-9212 (USA) / Uwe Schmidt at (604) 647-2298 (CAN) / Toll Free: 1 (877) 647-2298

OR visit our website at www.galoreresources.com or contact us at [email protected].

Neither the 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.

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