Galway Launches District-Scale Geophysical Program to Accelerate Gold Discovery at Clarence Stream
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
1
NEWS RELEASE
Galway Launches District-Scale Geophysical Program to Accelerate
Gold Discovery at Clarence Stream
(TORONTO, ONTARIO, April 14, 2026) - Galway Metals Inc. (TSX-V: GWM); OTCQB: GAYMF) (the
"Company" or “Galway”) is pleased to announce the commencement of a district-scale airborne
geophysical survey program at its 100%-owned Clarence Stream high-grade gold project in New
Brunswick, Canada.
Rob Hinchcliffe, President and CEO of Galway Metals stated “This program is an important step as we
continue to advance Clarence Stream on multiple fronts. With four drills currently turning, a resource
update expected in the near term, and a PEA planned for later this year, we are building strong
momentum across the project. This work will help us better understand the system and support our
efforts to identify additional opportunities as we continue to grow Clarence Stream.”
Program Highlights:
• Resolve EM Survey: Designed to improve near-surface targeting by covering known deposits
and extending across the prospective structural trend to identify both extensions of
mineralization and new deposit-scale targets when integrated with existing VLF coverage
• HeliTEM EM Survey: Focused over known deposits to better understand the system at depth
and identify potential depth extensions of mineralization
• District-Scale Coverage: Systematic geophysical coverage across the project to support
identification of new targets along strike and beyond currently defined zones
• Targeting Strategy: Surveys will define the geophysical signature of known deposits and apply
this understanding across the broader trend to generate new exploration targets
Jason Flight , Vice President of Exploration, Galway Metals stated: “This program builds on the
extensive geophysical work completed to date at Clarence Stream and represents the next step in
advancing the project at a district scale. By integrating new high-resolution magnetics with both shallow
and deep-penetrating EM surveys, we are filling key gaps in coverage, particularly around existing
resource areas, while expanding geophysics across the broader 65-kilometre prospective trend,
including the Eastern Block.
Importantly, the deeper-penetrating HeliTEM survey will allow us to better understand the system at
depth beneath known deposits, while the Resolve survey is designed to enhance near-surface targeting
by identifying extensions of mineralization and new deposit-scale anomalies. This integrated approach
positions us to expand existing zones and generate a strong pipeline of high-quality targets across the
district.”
The airborne geophysical surveys are being conducted by Xcalibur Smart Mapping.
This approach builds on prior geophysical work over the Southwest Deposit (Figure 2), where similar
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
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surveys successfully mapped the footprint of mineralization as defined by drilling. The current program
is designed to extend this work across the broader project by systematically surveying known deposits
to establish a geophysical signature of mineralization. These signatures will be used to define the
geophysical response of known deposits and refine our targeting approach, which can then be applied
across the 65-kilometre prospective structural corridor.
The Resolve survey is expected to improve near-surface targeting by refining shallow electromagnetic
anomalies and enhancing structural resolution, while the deeper penetrating HeliTEM survey is
designed to map structural architecture at depth and identify potential extensions of mineralization
beneath known deposits and along untested corridors. By integrating these datasets, the Company
aims to transition from localized targeting to a predictive, district-scale exploration model and
significantly expand its pipeline of high-quality drill targets. This integrated approach provides a
systematic framework for expanding mineralization both along strike and at depth across the Clarence
Stream gold belt.
Figure 1: Clarence Stream Project showing the planned 2026 airborne Resolve and HeliTEM survey
coverage, to be integrated with the 2020 VLF geophysical dataset. The combined program is designed
to systematically evaluate a ~65 km prospective structural corridor hosting known gold deposits and
support targeting of mineralization along strike and at depth.
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
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Figure 2: VLF electromagnetic response highlighting a continuous structural corridor associated with
gold mineralization at the Southwest Deposit, Clarence Stream Project. The VLF response outlines a
broad conductive trend interpreted to reflect fault-controlled architecture hosting gold-bearing quartz-
vein mineralization.
Geology and Mineralization
Gold-antimony mineralization at Clarence Stream is structurally controlled and associated with quartz
veins and quartz stockwork developed within brittle -ductile fault zones hosted in both intrusive and
metasedimentary rocks. Mineralization is associated w ith pyrite, base -metal sulphides, and stibnite,
along with anomalous concentrations of bismuth, arsenic, and antimony, and tungsten.
Alteration within host rocks is typically confined to a few metres surrounding quartz veins and is
characterized primarily by sericitization and chloritization.
A more detailed description of the Clarence Stream geology and mineralization is available at
www.galwaymetalsinc.com.
Review by Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Jesse Fisher, P.Geo., Project Manager for Clarence Stream, and Jason Flight, P.Geo., Vice
President of Exploration, both Qualified Persons as defined by National Instrument 43-101. Mr. Fisher
and Mr. Flight certify that this news release fairly and accurately reflects the technical information and
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
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data presented. Galway Metals conducts its exploration activities in accordance with CIM Best Practice
Guidelines.
About Galway Metals Inc.
Galway Metals is a Canadian mineral exploration and development company focused on advancing its
100%-owned, high-grade, open-pitable flagship Clarence Stream gold project in southwest New
Brunswick. Clarence Stream is an emerging gold district with an exploration strike length of
approximately 65 kilometres and widths of up to 28 kilometres in certain areas. Galway Metals holds a
90% participating interest in the Estrades Project, a former producing high-grade, gold-rich polymetallic
VMS mine in the northern Abitibi of western Québec. DOWA METALS & MINING CO., LTD. (“DOWA”)
holds a 10% participating interest pursuant to the previously announced Option and Joint Venture Term
Sheet under which DOWA may earn up to a 45% interest in the Project. Led by a management team
with a proven track-record of creating shareholder value having sold Galway Resources for US$340
million, Galway Metals is focused on creating value for all its stakeholders.
For additional Information on Galway Metals Inc., Please contact:
Robert Hinchcliffe President & Chief Executive Officer
Telephone: 1-800-771-0680
Email: [email protected]
Website: www.galwaymetalsinc.com
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Cautionary Statement
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policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this
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disapproved the information contained herein.
This News Release includes certain “forward-looking statements” and “forward-looking information”
which are not comprised of historical facts. Forward-looking statements include estimates and
statements that describe the Company’s future plans, objectives or goals, including words to the effect
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Although these statements are based on information currently available to the Company, the Company
provides no assurance that actual results will meet management’s expectations. Risks, uncertainties
and other factors involved with forward-looking information could cause actual events, results,
performance, prospects and opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this news release includes, but is not limited
to, the Company’s objectives, goals or future plans, information with respect to the OTCQB listing, DTC
eligibility, and broadening U.S. institutional and retail investors.
Factors that could cause actual results to differ materially from such forward-looking information
include, but are not limited to changes in economic conditions or financial markets, political and
competitive developments, operation or exploration difficulties, changes in equity markets, changes in
exchange rates, fluctuations in commodity prices capital, operating and reclamation costs varying
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
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significantly from estimates and the other risks involved in the mineral exploration and development,
and those risks set out in the Company’s public documents filed on SEDAR+ at sedarplus.ca. Although
the Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether as a result of new information,
future events or otherwise, other than as required by law.