Update ON Project, Shareholder Loan
19141 STONE OAK PKWY. #104 | SAN ANTONIO, TEXAS | 78258
Tel: (210) 860-921| Fax: (604) 648-8894 / www.galoreresources.com
FOR IMMEDIATE RELEASE July 11, 2018
UPDATE ON PROJECT, SHAREHOLDER LOAN
Vancouver, BC: Galore Resources Inc . (TSX-V: GRI) (the “Company”) announces that it ha s entered into
a Loan Agreement with a current shareholder of Galo re. The lender has provided the Company with a
cash loan of USD $30,000. The loan shall bear an in terest rate of 10% per annum compounded monthly,
due June 21, 2019. As additional consideration, the Company has agreed to issue to the lender a bonus of
159,600 common shares, subject to TSX Venture Excha nge acceptance. The funds will be used for
payment of invoices associated with the on-going business of the Company.
Further to the Company’s news release of January 19 , 2018 where Galore announced that it had entered
into a 5-year contract with URBYASA to extract avai lable gold and other minerals at Galore’s 100%
owned Duraznillo Ranch, the Company advises it is s till awaiting the last of the necessary governmenta l
permits in order to proceed with operations. Mining equipment is in place and completely unitized to
meet the 90-ton weekly capacity as originally agreed. The contract with URBYASA is with the Company’s
wholly owned subsidiary, Minerales Galore S.A. De C V. The decision to proceed with URBYASA was not
based on a feasibility study of mineral reserves de monstrating the economic or technical feasibility o f
the project. There are known risks to such projects but the risks lie with URBYASA. URBYASA has
reviewed the available data on Los Gemelos claim an d has taken independent sampling. URBYASA has
been independently mining for over 15 years in Mexico and has experience mining in the Conception Del
Oro mining district.
Galore Resources is a British Columbia-based explor ation company with promising exploration
properties in Mexico and British Columbia.
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 (US A)
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, wi thout limitation,
statements regarding exploration plans and other fu ture plans and objectives, are forward-looking stat ements that involve
various risks and uncertainties. There can be no a ssurance that such statements will prove to be accu rate and future events
and actual results could differ materially from tho se anticipated in such statements. Important facto rs that could cause
actual results to differ materially from our expect ations as well as a comprehensive list of risk fact ors are disclosed in the
Company’s documents filed from time to time via SED AR with the Canadian regulatory agencies to whose p olicies we
are bound. Forward-looking statements are based on the estimates and opinions of management on the da te the statements
are made, and we do not undertake any obligation to update forward-looking statements should condition s or our
estimates change, other than as required by law and readers are further advised not to place undue rel iance 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.