Galway Metals Inc. announced the drilling results from the Oak Bay property, situated 14 kilometres southwest of the current Clarence Stream Gold Resource. The Company is also pleased to announce its exploration priorities for its winter drilling program. The Clarence Stream gold project has a district scale strike length of 65 kilometres, is open in all directions and remains largely unexplored, and has excellent infrastructure in the mining friendly province of New Brunswick, Canada.

To highlight a few drill holes at Oak Bay: Drill hole OB-06: Intersected 2.5 g/t gold over 5.6 metres Including 13.2 g/t gold over 0.6 metres; Drill hole OB-16: Intersected 2.6 g/t gold over 2.7 metres. The drilling program consisted of 19 drill holes over 5,130 metres, with 75% of the drill holes returning anomalous gold values at Oak Bay. Oak Bay is located 14 kilometres southwest of the South Zone and shares similar geological settings.

Mineralization consists of arsenopyrite-rich quartz veining in altered, silicified gabbro dykes in contact with sediments, both of which are mineralized. The large multi-phase gabbro complex lies between Oak Bay and the South Zone and is the likely source of mineralization hosting the three highest soil samples taken to date: 5.0 g/t, 3.2 g/t, and 3.1 g/t gold. The Oak Bay Claims are host to widespread boulders with grades up to 18.0 g/t Gold and strong linear soil anomalies grading up to 0.9 g/t gold.

The Clarence Stream deposits can be characterized as intrusion-related, structurally- controlled, quartz-vein hosted gold deposits. These deposits consist of quartz veins and quartz stockwork within brittle-ductile fault zones that include adjacent crushed, altered wall rocks and veinlet material. The mineralized systems are hosted in intrusive and metasedimentary rocks within high strain zones controlled by regional fault systems. Pyrite, base metal sulphides, and stibnite occur in these deposits along with anomalous concentrations of bismuth, arsenic, antimony and tungsten.

Alteration in the host rocks is confined within a few metres of quartz veins and occurs mainly in the form of sericitization and chloritization. Gold mineralization at the South Zone closely resembles that at Oak Bay; it is commonly hosted in quartz veins, quartz stockwork, and along the contacts and within sheared and altered metagabbro and microgranite sills and dikes that crosscut the meta-sedimentary rocks.