Galway Metals Advances Estrades Project as BBA E&C Inc. Transitions Internal Scoping Study to PEA
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
1
NEWS RELEASE
Galway Metals Advances Estrades Project as BBA E&C Inc.
Transitions Internal Scoping Study to PEA
(Toronto, Ontario, July 17, 2025) – Galway Metals Inc. (TSX-V: GWM); OTCQB: GAYMF) (the
“Company” or “Galway”) is pleased to announce the commencement of a Preliminary Economic
Assessment (the “PEA”) at Galway’s Estrades Polymetallic VMS project (the “Project”) located in
the northern Abitibi of Western Québec, Canada. The 100% owned Estrades project, is a high-
grade gold and zinc deposit. Historically, Breakwater Resources Ltd, spent CAD$20 million
developing the precious metal rich VMS deposit which was previously mined via a 200-metre-
deep ramp with production in 1990-91.
Rob Hinchcliffe, President and CEO of Galway, said, “Galway has re-engaged BBA E&C Inc., who
previously completed an internal scoping study on Estrades to move forward with a PEA and
finalize the report for the fourth quarter 2025. The primary metal that will make up the bulk of
the economics for this project is gold, which has been continuing to reach new record prices”. He
continues, “A positive PEA will help Galway’s efforts to move the Estrades project forward as we
look to bring a third-party capital to minimize dilution for existing share holders. Clarence
Stream remains Galway’s Flagship gold project with two drill rigs currently turning.”
High Grade Gold and Zinc Deposit
The Preliminary Economic Assessment, which will be completed by BBA E&C Inc. will incorporate
the recent metallurgical recovery improvements and the 2024 MRE of 1,750,000 tonnes of 2.86
g/t Au, 5.76% Zn, 0.97% Cu, 94.4 g/t Ag and 0.48% Pb indicated, and 2,680,000 tonnes of 1.81 g/t
Au, 4.75% Zn, 0.86% Cu, 77.4 g/t Ag and 0.28% Pb inferred resource from the NI 43-101 technical
report titled “ Technical Report Estrades Project, Quebec, Canada” dated November 5, 2024, by SLR
Consulting Ltd.
Metallurgical Progress and New Resource Estimate
For information related to recent metallurgical improvements and the highlights of the new
Mineral Resource Estimate, please see the press release titled “Dramatic Increase in Gold Recovery
Significantly Improved the Business Options for Past-Producing High-Grade Gold Zinc Estrades Mine –
Scoping Study to be Initiated” dated Jan 27, 2025.
Reviewed by Qualified Person
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
2
The scientific and technical information contained in this news release has been reviewed and
approved by Mr. Kamil Khobzi, P.Eng., a Qualified Person as defined by National Instrument 43-
101 and certifies that this news release fairly and accurately reflects the technical information
and data presented. Mr. Kamil Khobzi is independent of the Company and is a Professional
Engineer registered in Quebec.
About Galway Metals Inc.
Galway Metals is a Canadian mineral exploration and development company focused on
advancing its 100%-owned, high-grade, open-pit 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 the existing resource is open in virtually all
directions. Galway Metals also has 100%-ownership in the Estrades project, a former producing
high-grade, gold-rich polymetallic VMS mine in the northern Abitibi of western Quebec. 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
Look us up on Facebook, Twitter or LinkedIn
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this
news release. No stock exchange, securities commission or other regulatory authority has approved or
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 that the Company or management expects a stated condition or
result to occur. Forward-looking statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-
looking statements are based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties. Although these statements are
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
3
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 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.