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GWM.V ·

Galway Metals Appoints New Board Director

Management Changes

Galway Metals Inc.

82 Richmond Street East, Toronto, Ontario, M5C 1P1

TSXV – GWM

OTCQB – GAYMF

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Galway Metals_New Board Member_ 14FEB24_Final 3 (003).docx

NEWS RELEASE

Galway Metals Appoints New Board Director

(TORONTO, ONTARIO, February 15, 2024) - Galway Metals Inc. (TSX -V: GWM; OTCQB: GAYMF)

(the "Company" or “Galway”) is pleased to announce that its Board of Directors has appointed Peter

Gula as a Director, effective immediately. Mr. Gula is a Professional Engineer who brings over 35

years of mining industry experience to the Board.

"On behalf of the Board of Directors, I am delighted to welcome Peter to Galway," stated Robert

Hinchcliffe, President and Chief Executive Officer of Galway. "I have had the opportunity to get to know

Peter well over the last few years, as he has led two internal scoping studies for our Estrades project

and I am confident that he will complement our existing Board with hi s excellent technical and project

leadership experience, as well as his vast network of industry contacts."

Mr. Gula brings experience from all phases of the mining project life cycle, from scoping studies through

to the commissioning of mines, as well as the management of operations. He has held key leadership

roles in mine management, production, technical services, and project management. Mr. Gula's career

included a 30 -year tenure with Placer Dome Inc. (later Goldcorp Inc.), where he held several senior

roles, including Mine General Manager of the Musselwhite Mine. Mr. Gula later joined North American

Palladium Ltd. as the Director of Mining, until the company was acquired by Impala Platinum Holdings

Limited, at which time he was appointed the Director of Strategy and Business Planning, and later

served as the Vice President Technical Services and Projects. Mr . Gula is currently consulting with

Stantec, supporting major mining companies in the execution of a wide range of capital projects and

studies. Mr. Gula received his Bachelor of Science, Mining Engineering degree from Laurentian

University.

Mr. Gula’s appointment to Galway Metals’ Board of Directors is subject to TSX Venture Exchange

approval.

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 N ew

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 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 shar eholder 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

Galway Metals Inc.

82 Richmond Street East, Toronto, Ontario, M5C 1P1

TSXV – GWM

OTCQB – GAYMF

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Galway Metals_New Board Member_ 14FEB24_Final 3 (003).docx

Telephone: 1-800-771-0680

Email: [email protected]

Website: www.galwaymetalsinc.com

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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 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” 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 e ffect 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 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 addition of Mr. Gula to the board of

directors of the Company. Factors that could cause actual results to differ materially from such forward-

looking information include, but are not limited to approval by the TSX Venture Exchange. 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 re lease, 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 e vents or

otherwise, other than as required by law.