Galway Metals Announces Final Option Payment for Royalty Buy Back at Its Clarence Stream Property

Galway Metals Announces Final Option Payment for Royalty Buy Back at Its

Clarence Stream Property

TORONTO, July 11, 2025 -- Galway Metals Inc. (TSXV: GWM) (“Galway” or the "Company") is pleased to announce that it

intends to settle the sixth (6th) and final of six (6) payments (the “ Sixth Partial Payment”) due in consideration of an agreement

previously announced on July 21, 2020 (the “ Agreement”) by the cash payment of $125,000 and the issuance of 974,026 common

shares in the Capital of the Company (“Shares”) at a deemed price equal to $0.385 per Share for a total deemed price of

$375,000.

Pursuant to the Agreement, the Company bought back a two percent (2.0%) net smelter returns royalty (the “Royalty”) from

an arm’s length third party royalty holder (the “ Former Royalty Holder”) , covering certain mineral claims at the Company’s

Clarence Stream property in southwest New Brunswick (the “Property”). The Agreement provided for a total purchase price of

$3,000,000 in six equal annual instalments of $500,000, with each partial payment representing the purchase of one-sixth (1/6)

of the Royalty (each a “ Partial Payment ”). The first Partial Payment was settled on Closing in 2020 through the issuance of

434,783 Shares to the Former Royalty Holder at a deemed price equal to $1.15 per Share for a total deemed price of

$500,000. Pursuant to the Agreement, each subsequent $500,000 Partial Payment was to be paid as follows: (i) $125,000 in

cash; and, (ii) the remaining $375,000, at the sole election of the Company, paid either in cash, through the issuance of Sha res,

or a combination thereof as shall equal $375,000. The Shares will be subject to the statutory hold periods of four months and

one day from the date of issuance. Completion of the issuance of the Shares is subject to the receipt of all regulatory appro val

including the final approval of the TSXV.

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

Atlantic 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 as it hosts

significant resources in the middle of a major gold camp. After its successful spinout to existing shareholders from Galway

Resources following the completion of the US$340 million sale of that company. The company is looking to replicate the same

success in Canada with our two highly perspective projects.

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 Toronto Stock 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.

This News Release includes certain "forward-looking statements" 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”. Si nce

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 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 facto rs 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 rel ease includes, but is not limited to, completion of the Royalty buy back on the announced terms or

at all, objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward -looking

information include, but ar e not limited to the risks involved in the mineral exploration and development industry, and those

risks set out in the Company’s public documents filed on SEDAR +. 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.