Galway Metals Intersects 6.1 g/t Gold over 19.0m Including 18.3 g/t over 3.0m
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
1
NEWS RELEASE
Galway Metals Intersects 6.1 g/t Gold over 19.0m Including 18.3 g/t
over 3.0m
(Toronto, Ontario, April 21, 2026) - Galway Metals Inc. (TSX-V: GWM); OTCQB: GAYMF) (the
"Company" or “Galway”) is pleased to report assay results from Eight diamond drill holes at the South
Deposit within its 100%-owned Clarence Stream high-grade gold project in New Brunswick, Canada.
The Clarence Stream Gold Project hosts district-scale potential along an approximately 65-kilometre
trend of highly prospective gold showings and anomalies. The Project currently hosts a 2022 Mineral
Resource Estimate of 12.4 Mt grading 2.3 g/t Au in the Indicated category (922,000 oz Au) and 16.0 Mt
grading 2.6 g/t Au in the Inferred category (1.334 million oz Au), as outlined in the NI 43-101 technical
report titled “ Technical Report on the Clarence Stream Mineral Resource Project, New Brunswick,
Canada” dated March 31, 2022, prepared by SLR Consulting Ltd.
Rob Hinchcliffe, President and CEO of Galway Metals stated “These results from the South Deposit
continue to return high-grade gold near surface and demonstrate strong continuity between drill holes.
The consistency of both grade and thickness is increasing our confidence in the core of the deposit and
highlights the potential to expand near-surface mineralization relevant to future development. With an
updated Mineral Resource Estimate underway with four rigs, we are entering a very active phase of the
program, with multiple areas being tested and a large volume of assays pending”
Highlights (Plan Map)
• CS-418 Intersected 6.1 g/t Au and 0.2% Sb over 19.0m (Section 1), including:
▪ 18.3 g/t Au over 3.0m
▪ 20.6 g/t Au over 1.0m
• CS-426 Intersected 4.2 g/t Au over 4.0m, including:
▪ 15.6 g/t Au and 1.0m
• CS-422 Intersected 1.1g/t Au and 0.2% Sb over 12.0m (Section 2)
• CS-430 Intersected 2.5 g/t Au and 0.4% Sb over 3.0m and 1.5 g/t Au over 3.0m and 1.3 g/t Au
over 5.0m
High-Grade Gold Continuity Within South Deposit
The eight drill holes reported represent additional results from the 2026 drill program at the South
Deposit, which hosts the highest-grade resource within the 2022 Mineral Resource Estimate,
comprising 333,000 ounces at 2.99 g/t Au (Indicated) and 325,000 ounces at 4.03 g/t Au (Inferred).
Hole CS-418, drilled in the central portion of the South Deposit, is located approximately 30 metres
northeast of previously reported hole CS-416 (see Galway Metals press release dated March 31,
2026), which returned 28.0 metres grading 6.1 g/t Au and 0.7% Sb. This step-out demonstrates
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
2
strong high-grade continuity and thickness within the South Deposit, with both holes situated within
approximately 50 vertical metres of surface and are both contained within the 2022 resource pit shell.
For a complete list of South Deposit assays reported in this press release, please refer to the Assay
and Coordinate Table.
Geology and Mineralization
Gold-antimony mineralization at Clarence Stream is structurally controlled and associated with quartz
veins and quartz stockwork developed within brittle-ductile fault zones hosted in both intrusive and
metasedimentary rocks. Mineralization is associated with pyrite, base-metal sulphides, and stibnite,
along with anomalous concentrations of bismuth, arsenic, antimony, and tungsten. Alteration within
host rocks is typically confined to a few metres surrounding quartz veins and is characterized primarily
by sericitization and chloritization. A more detailed description of the Clarence Stream geology and
mineralization is available at www.galwaymetalsinc.com.
Review by Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Jesse Fisher, P.Geo., Project Manager for Clarence Stream and a Qualified Person as defined by
National Instrument 43-101. Mr. Fisher certifies that this news release fairly and accurately reflects the
technical information and data presented. Galway Metals conducts its exploration activities in
accordance with CIM Best Practices Guidelines.
Quality Control and Reports
All core, chip/boulder samples, and soil samples are assayed by Activation Laboratories, located at 41
Bittern Street, Ancaster, Ontario, Canada, Agat Laboratories, located at 5623 McAdam Road,
Mississauga Ontario, Canada L4Z 1N9 and 35 General Aviation Road, Timmins, ON P4P 7C3, and/or
Swastika Laboratories situated in Swastika, ON. All four labs have ISO/IEC 17025 accreditation. All
core is under watch from the drill site to the core processing facility. Drill core is NQ size and sample
intervals range from 0.5 meters to 1.5 meters in length. All samples are assayed for gold by Fire Assay,
with gravimetric finish, and other elements assayed using ICP. The Company's QA/QC program
includes the regular insertion of blanks and standards into the sample shipments, as well as instructions
for duplication. Standards, blanks and duplicates are inserted at one per 20 samples. Approximately
five percent (5%) of the pulps and rejects are sent for check assaying at a second lab with the results
averaged and intersections updated when received. Core recovery in the mineralized zones has
averaged 99%.
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 New
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 holds a
90% participating interest in the Estrades Project, a former producing high-grade, gold-rich polymetallic
VMS mine in the northern Abitibi of western Québec. DOWA METALS & MINING CO., LTD. (“DOWA”)
holds a 10% participating interest pursuant to the previously announced Option and Joint Venture Term
Sheet under which DOWA may earn up to a 45% interest in the Project. Led by a management team
with a proven track-record of creating shareholder value having sold Galway Resources for US$340
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
3
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
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” and “forward-looking information”
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”. 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 Company’s objectives, goals or future plans, information with respect to the OTCQB listing, DTC
eligibility, and broadening U.S. institutional and retail investors.
Factors that could cause actual results to differ materially from such forward-looking information
include, but are not limited to changes in economic conditions or financial markets, political and
competitive developments, operation or exploration difficulties, changes in equity markets, changes in
exchange rates, fluctuations in commodity prices capital, operating and reclamation costs varying
significantly from estimates and the other risks involved in the mineral exploration and development,
and those risks set out in the Company’s public documents filed on SEDAR+ at sedarplus.ca. 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.