Galore Announces Closing of Non-Brokered Private Placement

GRI: TSX-V

Mailing Address: 19141 Stone Oak Pkwy #104 | San Antonio, TX, USA | 78258 | Tel: (210) 860 -9212 | Fax: (604) 648-8894

www.galoreresources.com

FOR IMMEDIATE RELEASE October 9, 2018

GALORE ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Vancouver, B.C., Galore Resources Inc. (TSX -V: GRI) reports the closing of its previously

announced non-brokered private placement of units of the corporation (the “Units”) for

gross proceeds of CDN$419,577.10 (the “Financing”). In connection with the closing of the

Financing, Galore issued 8,391,542 Units at a pr ice of $0.05 per Unit with each Unit

comprising of one common share in the capital of the Company (the “Shares”) and one

common share purchase warrant (the “Warrants”).

Each Warrant is exercisable into one additional common share at a price of $0.08 per share

for a period of five years from the date of closing of the Financing.

In connection with the private placement the Company paid a finder’s fee of 300,000

common shares to an individual who assisted in bringing investors into the Financing, in

accordance with the policies of the TSX Venture Exchange.

The net proceeds of the offering will be used to commence drilling the El Alamo claim and

for general working capital.

The securities issued pursuant to th e Financing are subject to a hold period under

applicable securities laws, which will expire February 5, 2019.

We thank our many stockholders for their continued support and we look forward to

directing this Company to the future success we have all awaited.

ON BEHALF OF THE BOARD

“Michael McMillan”

President and CEO

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

Mike McMillan at (210) 860-9212 (USA)

Please 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 o r accuracy of this

release.