Galway Metals Announces Changes to the Board of Directors and Granting of Options
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
Galway Metals Announces Changes to the Board of Directors
and Granting of Options
Toronto, ON – December 1 2, 2024 – Galway Metals Inc. (TSX -V: GWM) (“ Galway Metals ” or the
“Company”), announced that all resolutions at the Annual General Meeting of the Company (“ AGM”) held
on October 25, 2024 were duly passed by shareholders. Galway Metals is also pleased to share updates
regarding its board of directors (the “Board”) following the AGM and the award of recent stock option grants.
Director Changes
Mr. Michael Kazickas was appointed to the Board following the AGM on October 25, 2024. Mr. Kazickas’
career has been dedicated to building up a successful commodity trading business that he later successfully
sold in 2013. This trading business was based out of New York and was focused on the trading of oil,
precious and basic metals. Over the years, Mr. Kazickas built up an extensive network of institutional
traders and bankers operating in different areas of the commodity trading arena. Mike initiated his career
in the NYBOT futures and later switched the focus to oil and precious metals. Prior to starting his trading
business, Mr. Kazickas started a truck rental business and a home decor manufacturing business as
well. In recent years Mr. Kazickas business efforts have been focused on proprietary trading portfolio with
a focus on value stocks and commodities.
The Board has since accepted the resignation of Alfonso Gomez Rengifo as a director of the Company,
and as member of the Board’s Audit Committee and newly formed Compensation Committee effective
December 4, 2024.
“It has been an absolute pleasure working with Alfonso for 25 years. Initially as a country manager in
Colombia and more recently as a Director for Galway Metals since its inception 10 years ago, I wish him
well in his retirement but am excited with two recent a dditions at the board level ” states Rob Hinchcliffe,
President and CEO of Galway Metals. He adds “At the operational level, our focus continues to be directed
to our Clarence Stream Gold Project led by Project Manager Jesse Fisher. It is worth noting that Phil Walford
and Alan Moranda are actively supporting our geologists at the project level . We look forward to a
prosperous 2025.”
The board is also pleased to announce that Mr. Andreas Curkovic has been joined as a director of the
Company to fill the vacancy created by the foregoing resignation and has been appointed to the Audit
Committee and Compensation Committee in place of Mr. Gomez. Mr. Curkovic has spent twenty plus years
in the capital markets in asset management, sales , and as a founder of Proconsul Capital, an investor
relations and capital advisory firm where he has worked with more than two hundred public companies.
Over the years , Mr. Curkovic has develop ed a unique network of investors across North America. He
graduated from McMaster University and is a Chartered Financial Analyst.
As previously announced in the Company’s AGM materials, Mr. Joseph Cartafalsa and Mr. Michael Sutton
did not stand for re -election at the AGM. Galway Metals thanks Mr. Cartafalsa and Mr. Sutton for their
contributions to the Company.
Results of AGM
All resolutions, which had been recommended by the Board, were duly passed by the shareholders. These
resolutions were set out in the Notice of the AGM sent to shareholders dated September 10, 2024 and are
available on Galway Metals’ website.
Granting of Stock Options
The Company is also pleased to announce that it has awarded approximately 4,675,000 incentive stock
options exercisable at C$0. 53 per common share and expiring on December 11, 2029, to employees,
consultants, officers and directors of the Company. This grant is in compliance with terms of the Company’s
Stock Option Plan and remains subject to acceptance by the TSX Venture Exchange.
About Galway Metals Inc.
Galway Metals is focused on creating significant per share value through the exploration and sustainable
development of its two 100% -owned projects in Canada. Galway’s flagship project, Clarence Stream, is
one of the most important gold districts in Atlant ic Canada as it hosts a large, high -grade gold resource in
SW New Brunswick. Also important is Estrades, the former -producing, high -grade, gold - and zinc -rich
polymetallic VMS mine in the northern Abitibi of western Quebec. Galway’s activities will be conducted while
respecting the environment and communities in which it operates. Galway is well capitalized . With
substantially the same management team and Board of Directors, Galway Metals is keenly intent on
creating similar value as it had with Galway Resources.
Should you have any questions and for further information, please contact (toll free):
Galway Metals Inc.
Robert Hinchcliffe President & Chief Executive Officer
1-800-771-0680
Website: www.galwaymetalsinc.com
Email: [email protected]
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Cautionary Statement
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 of this news release. No
stock exchange, securities commission or other regu latory authority has approved or disapproved the
information contained herein.
This news release contains forward-looking information which is not comprised of historical facts. Forward-
looking information involves risks, uncertainties and other factors that 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 statements made
herein with respect to, among other things, the use of proceeds of the Offering, the anticipated closing date
of the Offering, the Company’s objectives, goals or future plans, potential corporate and/or property
acquisitions, exploration results, potential mineralization, exploration and mine development plans, timing
of the commencement of oper ations, and estimates of market conditions. Factors that could cause actual
results to differ materially from such forward-looking information include, but are not limited to, exploration
results being less favourable than anticipated, capital and operatin g costs varying significantly from
estimates, delays in obtaining or failures to obtain required governmental, environmental or other project
approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays
in the development of projects, risks associated with the defence of legal proceedings and other risks
involved in the mineral exploration and devel opment industry, as well as those risks set out in the
Company’s public disclosure documents filed on SEDAR. Although the Company believes that
management’s assumptions used to develop the forward -looking information in this news release are
reasonable, in cluding that, among other things, the Company will be able to identify and execute on
opportunities to acquire mineral properties, exploration results will be consistent with management’s
expectations, financing will be available to the Company on favourable terms when required, commodity
prices and foreign exchange rates will remain relatively stable, and the Company will be successful in the
outcome of legal proceedings, 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 contained herein, whether as a result of new information, future events or
otherwise, except as required by applicable securities laws.