GRI.V · 2013-01-31

Galore Closes Private Placement

Financings

FOR IMMEDIATE RELEASE Thursday, January 31, 2013

GALORE CLOSES PRIVATE PLACEMENT

Vancouver, BC: Galore Resources Inc. (GRI-TSX-V) announces that it has closed its nonbrokered private placement offering originally announced on Monday, December 17, 2012. The total number of Units sold in the Offering were 907,500 Units priced at $0.10 per unit.

Each unit (a “Unit”) consists of one common share and one share purchase warrant (“Warrant”).

Each Warrant is exercisable into one additional common share at a price of $0.20 per share for a period of one year, expiring January 24, 2014.

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 May 25, 2013.

Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits with an emphasis on gold in Mexico and base metals in British Columbia. For more information on Galore Resources Inc. (TSX.V - GRI) please visit www.galoreresources.com.

On behalf of the Board

“Uwe Schmidt”

President

Explore. Drill. Discover.

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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