Galway Metals Inc. Announces $510,510 Non-Brokered Private Placement FOR Total of $4.6 Million IN Proceeds

82 Richmond Street East, Suite 200 Tel: 800-771-0680

Toronto, ON M5C 1P1 Fax: 416-361-0923

GALWAY METALS INC. ANNOUNCES $510,510 NON-BROKERED PRIVATE PLACEMENT FOR TOTAL OF $4.6 MILLION

IN PROCEEDS

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

(Toronto, Ontario, November 27, 2017) – Galway Metals Inc. (TSX-V: GWM) (the “Company”) is pleased to

announce that it has completed a non-brokered private placement financing (the "Offering"). The Offering

consisted of the sale of 1,142,857 Hard Dollar Units (“HD Units”) at a price of $0.35 per HD Unit and 257,000

Flow Through Units (“FT Units”) at a price of $0.43 per FT Unit for total gross proceeds of $510,510. This is in

addition to the closing of an earlier financing of $4,130,081.83 which was announced on November 14, 2017.

Each HD Unit consists of one (1) common share in the capital stock of Galway Metals (each a "Share") and

one-half (1/2) of one Share purchase warrant (a "Warrant"). Each FT Unit consists of one (1) Flow Through

Share and one-half (1/2) of one Warrant. Each Warrant will entitle the holder to purchase one Share at the

price of $0.50 for a period of 24 months after closing. If the closing price on the TSX Venture Exchange

equals or exceeds $0.75 per Share for a period of 20 consecutive trading days, the Company has the right to

accelerate the expiry date of the Warrants to the 30 th day following the company mailing a notice of

acceleration.

The $400,000 in HD Units were subscribed by The Diversification of Exploration Investment Partnership (SIDEX

Limited Partnership), which was established by the Government of Québec and the Fonds de solidarité FTQ.

The mission of SIDEX is to invest in companies engaged in mineral exploration in Québec in order to

diversify Québec’s mineral base, encourage new exploration models, stimulate investment in exploration

for new commodities and to open new territories with strong discovery potential.

The securities issued and issuable pursuant to the Offering will be subject to a four month and one-day

statutory hold period.

Galway Metals intends to use the net proceeds from the Offering to complete the field work on its Estrades

property, in western Québec, Canada.

For further information, please contact: Galway Metals Inc.

Robert Hinchcliffe

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 news release. No stock exchange, securities commission or

other regulatory 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, 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 forward -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 include, 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 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 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

assumptions used to develop the forward-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

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.