Toronto - Galway Metals Inc. (TSX-V: GWM, OTCQB: GAYMF) (the 'Company' or 'Galway') is pleased to announce new drill results and an update on its 100%-owned, approximately 20,000-hectare Estrades zinc-gold property in the Abitibi of western Quebec.

Breakwater Resources Ltd. spent CDN$20 million in 1990 developing Estrades, including the installation of a 200-metre deep by 150-metre along strike decline, a ventilation raise and associated infrastructure. Production in 1990-91 totalled 174,946 tonnes grading 12.9% Zn, 6.4 g/t Au, 1.1% Cu and 172.3 g/t Ag. Breakwater closed the mine amid sharp declines in metal prices.

Robert Hinchcliffe, President and CEO of Galway Metals, said, 'Estrades has many high priority copper source vent and other VMS targets that have excellent potential to create significant value for shareholders. As such, the company has raised its rig count to three from one in order to conduct the current 25,000-meter drill program. The potential high-grade copper source vent targets are below and on the east and west sides of the Estrades resource. Other strong VMS targets exist along the Newiska horizon. Galway has begun drilling several of these targets along both the Estrades and Newiska horizons. The company also plans to continue its environmental and engineering studies, including metallurgical and ore sorting tests. As Estrades currently stands, there aren't many zinc-gold deposits with such high precious metals grades in the world - and even fewer that are as close to being shovel ready.'

Drilling Highlights - Metallurgical and Ore Sorting Holes

The wide, PQ-sized holes drilled for ore sorting/metallurgical testing purposes highlight near-surface results received in various zones from the middle to the western edge of the resource. Galway has previously released results from this program from the middle to the eastern edge, with highlights returning 19.8 g/t AuEq or 36.4% ZnEq over 5.65m, plus 11.6 g/t AuEq over 5.2m in hole 56, 1.6 g/t Au, 130.8 g/t Ag, 4.6% Zn, and 5.7% Cu over 1.85m in hole 49, and 22.2% ZnEq over 4.7m in hole 50.

GWM-21E-85: 28.0 g/t AuEq or 51.5% ZnEq over 5.3m (14.3 g/t Au, 192.2 g/t Ag, 18.1% Zn, 0.2% Cu, and 1.6% Pb), plus 14.0 g/t AuEq or 25.7% ZnEq over 3.85m (7.5 g/t Au, 121.7 g/t Ag, 6.6% Zn, 0.2% Cu, and 1.7% Pb), at vertical depths of 194m, and 186m below surface; both are Massive Sulphide zones, with a mine opening between

GWM-21E-82: 17.9 g/t AuEq or 32.9% ZnEq over 5.6m (6.9 g/t Au, 271.2 g/t Ag, 8.3% Zn, 1.3% Cu, and 0.9% Pb, plus 15.6 g/t AuEq or 28.7% ZnEq over 0.7m (4.3 g/t Au, 240.8 g/t Ag, 11.1% Zn, 0.7% Cu, and 1.3% Pb), plus 21.6% ZnEq over 1.35m (0.7 g/t Au, 92.8 g/t Ag, 16.0% Zn, and 0.6% Cu) 200m, 192m, and 228m below surface; all are Massive Sulphide zones

GWM-21E-84: 35.9% ZnEq over 4.3m (2.6 g/t Au, 254.5 g/t Ag, 19.3% Zn, 1.1% Cu, and 1.9% Pb) at a vertical depth of 217m below surface; this is a Massive Sulphide zone

GWM-21E-83A: 8.3% ZnEq over 4.3m (1.0 g/t Au, 67.4 g/t Ag, 3.4% Zn, 0.3% Cu, and 0.4% Pb), including 3.9 g/t Au, 146.9 g/t Ag, 15.4% Zn, 0.3% Cu, and 1.5% Pb over 0.7m) at a vertical depth of 217m below surface; this is a Massive Sulphide zone

GWM-21E-54: 15.2% ZnEq over 8.3m (1.8 g/t Au, 67.9 g/t Ag, 7.0% Zn, 0.7% Cu, and 1.1% Pb) at a vertical depth of 36m below surface; this is a Massive Sulphide zone

CAUTIONARY STATEMENT

This news release contains forward-looking information, which is not comprised of historical facts. Forward-looking information involves risks, uncertainties 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 statements 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.

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