Galway Metals Awards Incentive Stock Options
GALWAY METALS AWARDS INCENTIVE STOCK OPTIONS
Toronto, Ontario: November 16, 2020 - Galway Metals Inc. (TSX-V: GWM)
(“Galway Metals ” or the “Company”) is pleased to announce that it has awarded
2,250,000 million incentive stock options exercisable at C$1.28 per common share and expiring
on November 16, 2030, to officers and directors of the Company. This grant of options is in
compliance with terms of the Company’s Stock Option Plan and rema ins subject to acceptance
by the TSX Venture Exchange.
About the Company
Galway Metals is well capitalized with two gold projects in Canada, Clarence Stream, an
emerging gold district in New Brunswick, and Estrades, the former producing, high-grade VMS
mine in Quebec. The Company began trading on January 4, 2013, after the successful spinout to
existing shareholders from Gal way Resources following the completion of the US$340 million
sale of that company. 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
www.galwaymetalsinc.com
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 ne ws release. No stock exchange, securities co mmission
or other regulatory authority has approved or disapproved the information contained herein.
This news release contains forward -looking information which is no t comprised of historical
facts. Forward -looking information involves risks, uncertaint ies and other factors that could
cause actual events, results, performance, prospects and opportunities to differ materially from
those expressed or implied by such forw ard-looking information. Forward-looking information
in this news release includes stat ements made herein with respect to, among other things, 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 operations, and estimates of market conditions. Factors that could cause
actual results to differ materially from such forward -looking information includ e, but are not
limited to, exploration results being less favourable than anticipated, capital and operating costs
varying significantly from estimates, delays in obtaining or failures to obtain required
governmental, environmental or other project approva ls, 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 ass ociated with t he defence of legal proceedin gs and other risks involved in the
mineral exploration and development 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 assump tions used to develop the for ward-looking information in this news
release are reasonable, including that, among other things, the Company will be able to identify
and execute on opportunities to acquire mineral properties, exploration results will be consistent
36 Toronto Street, Suite 1000 Tel: 800-771-0680
Toronto, ON M5C 2C5 Fax: 416-361-0923
with management’s expe ctations, 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 a ny intention o r obligation to update or rev ise any forward -looking
information containe d herein, whether as a result of new information, future events or
otherwise, except as required by applicable securities laws.