Galway Metals Inc. announced that it has entered into an agreement for a bought deal private placement of 6,666,700 flow-through common shares at a price of CAD 0.60 per share for gross proceeds of CAD 4,000,020, and 9,411,800 hard dollar common shares at a price of CAD 0.425 per share for aggregate gross proceeds of CAD 4,000,015; for an aggregate gross proceeds of CAD 8,000,035 on May 5, 2022. Closing of the Offering is anticipated to occur on or about May 26, 2022. The transaction is subject to regulatory approval and all securities issued will be subject to hold period of four months and one day.