Galore Update
19141 STONE OAK PKWY. #104 | SAN ANTONIO, TEXAS | 78258
Tel: (210) 860-921| Fax: (604) 648-8894 / www.galoreresources.com
FOR IMMEDIATE RELEASE May 15, 2018
GALORE UPDATE
Vancouver, BC: Galore Resources Inc. (TSX-V: GRI) (the “Company”) reports on progress with regards to its
arrangement with Urbanizaciones Y Acabados S.A. De CV (“URBYASA”). On January 19, 2018, Galore
announced it had entered into a 5 -year contract with URBYASA to extract available gold at Galore’s 100%
owned Duraznillo Ranch, which includes the Los Gemelos and Duende 7 claims.
Extraction of mineralized material was scheduled to start ninety days (90) after signing of the agreement ,
however this has been delayed awaiting the environmental permit. The equipment is in place and the contracted
improvements have been completed. Galore has put forth an addendum to URBYASA, which will extend the
start up period of when production will commence. The con tract with URBYASA is with the Company’s
wholly owned subsidiary, Minerales Galore S.A. De CV.
This decision to proceed with URBYASA was not based on a feasibility study of mineral reserves demonstrating
the economic or technical feasibility of the project. There are known risks to such projects but the risks lie with
URBYASA. URBYASA has reviewed the available data on Los Gemelos and has taken independent sampling.
URBYASA has been independently mining for over 1 5 years in Mexico and has experience mining in the
Conception Del Oro mining district.
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].
Cautionary Statement
This document contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. All
statements other than statements of historical fact herein, including, without limitation, statements regarding exploration
plans and other future plans and objectives, are f orward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and future events and actual results could differ
materially from those anticipated in such statements. Impor tant factors that could cause actual results to differ materially
from our expectations as well as a comprehensive list of risk factors are disclosed in the Company’s documents filed from
time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements
are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any
obligation to update forward-looking statements should conditions or our estimates change, other than as required by law and
readers are further advised not to place undue reliance on forward-looking statements.
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.