Galway Metals Inc. Announces Private Placement

36 Toronto Street, Suite 1000 Tel: 800-771-0680 Toronto, ON M5C 2C5 Fax: 416-361-0923

GALWAY METALS INC. ANNOUNCES PRIVATE PLACEMENT

(Toronto, Ontario, March 31, 2014) – Galway Metals Inc. (TSX-V: GWM) (the “Company”) is pleased to announce that the Company is proceeding with a non-brokered private placement to raise up to C$660,000 through the issuance of up to 6,600,000 units at a price of C$0.10 per unit. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company for a period of three years from the closing date of the Offering at an exercise price of C$0.15 per share (the "Exercise Price").

The Company intends to use the proceeds from the private placement for exploration expenditures, property acquisitions and for general working capital purposes. Completion of the private placement is subject to the approval of the TSX Venture Exchange. Up to C$440,000 (66%) of the private placement will be made available to insiders as an inducement for continued service.

For further information, please contact:

Galway Metals Inc.

Robert Hinchcliffe 1-800-771-0680 www.galwaymetalsinc.com

Neither the TSX‐V nor its Regulation Services Provider (as that term is defined in the policies of the TSX‐V) accepts responsibility  for  the  adequacy  of  this  release.  No  stock  exchange,  securities  commission  or  other  regulatory authority has approved or disapproved the information contained herein.

CAUTIONARY  STATEMENT:  This  news  release  contains  forward‐looking  information  which  is  not  comprised  of historical facts. Forward‐looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward‐looking information. Forward looking information in this news release includes, but is not limited to, Galway  Metal’s  objectives,  goals  or  future  plans,  statements  regarding  the  estimation  of  mineral  resources, exploration  results,  potential  mineralization,  exploration  and  mine  development  plans,  timing  of  the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially  from  such  forward‐looking  information  include,  but  are  not  limited  to,  failure  to  convert  estimated mineral  resources  to  reserves,  capital  and  operating  costs  varying  significantly  from  estimates,  the  preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the  future,  changes  in  equity  markets,  inflation,  changes  in  exchange  rates,  fluctuations  in  commodity  prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry,  and  those  risks  set  out  in  Galway  Metal’s  public  documents  filed  on  SEDAR.  Although  Galway  Metal believes that the assumptions and factors used in preparing the forward‐looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Galway Metal disclaims any intention or obligation to update or revise any forward‐looking information, whether as a result of new information, future events or otherwise, other than as required by law.