Galway Metals Inc. announced that it has entered into an agreement with agents on a best efforts basis for a private placement of up to 6,666,700 flow-through shares at a price of CAD 0.60 per share for the aggregate gross proceeds of CAD 4,000,020 on April 6, 2023. All securities to be issued in the transaction will be subject to a 4 month hold period. The transaction is subject to all regulatory approvals.

The transaction is expected to close on or around April 28, 2023.