Galore Announces Closing of Private Placement Financing and Shares Issued FOR Services

FOR IMMEDIATE RELEASE November 18, 2019

GALORE ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING

AND SHARES ISSUED FOR SERVICES

Vancouver, BC: Galore Resources Inc. (TSX -V: GRI) (“Galore” or the “Company”) announces that further to its

news release of October 17, 2019, the Company has now closed on the second and final tranche of the ongoing non-

brokered private placement financing at $0.05 (the “Financing”) . In the total Financing, the Company issued

5,596,319 Units, raising proceeds of CAD $279,816.00, of which 1,852,690 Units were issued in second tranche.

Each Unit consist s of one common share and one share purchase warrant. Each warrant is exercisable into one

additional common share at a price of CAD $0.10 per share for a period of two years from the date of issuance. At the

discretion of the Company, Warrants will be subject to an accelerated expiry, such that if the closing price equals or

exceeds $0.15 per share for 10 consecutive trading days, then the Company may provide notice to the warrant holders

that the exercise period of the Warrants shall be reduced to 30 days, with the reduced period commencing seven

calendar days following the tenth consecutive trading day.

Securities issued in the second tranche are subject to a four-month statutory hold period, which expire s February 29,

2020 on 1,324,250 Units and March 12, 2020 on 528,440 Units.

The Company also announces that it has now received TSX Venture Exchange acceptance to a shares for services

arrangement with COMEFIN S DE RL DE CV (“Co mefins”) who conducted the diamond core drilling programs at

Galore’s 100% owned El Alamo claim. It was agreed that Comefins’ services would be paid by a combination of cash

and shares. A total of 1,820,053 common shares at a deemed price of CDN$0.05 per share have been issued to

Comefins in settlement of US $68,920.53, the portion of services which was to be paid in shares.

The shares issued to Comefins are subject to a four-month statutory hold period which expires March 19, 2020.

About Galore Resources

Galore Resources is a mineral exploration and development co mpany whose focus is to make and develop significant mineral

discoveries, which are supported by a sustainable business model. Our goal is to discover a world -class gold and silver deposit

in Mexico. Our flagship project is in the heart of the Concepcion del Oro Mining District, the Dos Santos Project. This project

covers two historic gold zones and has the potential to host bulk tonnage gold -silver deposits based on past drilling, trenching

and a recent airborne geophysical survey.

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 pol icies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.