Galway Metals Inc. give an update on corporate activities at the flagship Clarence Stream property in New Brunswick, Canada. Galway Metals also has the Estrades gold/base-metal project in Quebec, Canada. Galway released an updated Mineral Resource for Clarence Stream (the " Resource") in an April 25, 2022 press release.

This represented a more than doubling of Measured and Indicated, and quadrupling Inferred gold resources at Clarence Stream, consisting of the following resource estimates: Indicated Open Pit resources of 886,000 ounces at 2.27 g/t Au, Inferred Open Pit resources 731,000 ounces at 1.93 g/t Au, Indicated Underground resources of 36,000 ounces at 4.1 g/t Au, In preferred Underground resources of 603,000 ounces at 4.5 g/t Au. Galway is undertaking numerous efforts to advance both projects it owns, particularly Clarence Stream: Drilling to improve the open pits at the SW Deposit- particularly drilling open areas outside the resource block models to bring in more resource and reduce waste. Test work will include gold and multielement chemical analyses, and mineralogy by QemSCAN to determine gold mineral occurrence, mineral associations, and gold particle size distribution.

Samples will be subject to (bottle roll) cyanidation tests on primary grind pulps for a preliminary test of gold extract. Galway would like to acknowledge financial support from the New Brunswick Junior Mining Assistance Program, which partially funded the drilling of the SW Deposit. Clarence Stream deposits can be characterized as intrusion-related, quartz-vein hosted gold deposits.

They contain elevated levels of bismuth and arsenopyrite in multiple quartz veins, with significant antimony in the South and North Zones and tungsten in the vicinity. The Mineral Resource estimates for the North and South Zones were prepared by Mr. Reno Pressacco, P.Geo, SLR Managing Principal Geologist. The Mineral Resource estimate for the Southwest Deposit was prepared under the supervision of Ms. Valerie Wilson, M.Sc., P.Geo., SLR Managing Principal Geologists.

All four labs have ISO/IEC 17025 accreditation. All core is under watch from the drill site to the core processing facility. All samples are assayed for gold by Fire Assay, with gravimetric finish, and other elements assayed using ICP.