TORONTO - Galway Metals Inc. (TSXV: GWM) (OTCQB: GAYMF) (the 'Company' or 'Galway') is pleased to announce some results from its 2021 drill program at its Estrades property in the Northern Abitibi of western Quebec.

The Estrades project was previously mined via a 200-metre-deep ramp, with production in 1990-91 totaling 174,946 tonnes grading 12.9% Zn, 6.4 g/t Au, 1.1% Cu and 172.3 g/t Ag. Recent drilling at the former high-grade mine mainly targeted zones open to depth that are high in copper grades and other metals, and also targeted shallower gaps within the resource area to increase the resource and enhance continuity.

Deepest hole at Estrades Intersected 24m of massive sulphides with zinc grades as high as 11.4%

Galway intersected 24 metres of Massive Sulphides in hole 64A on the copper-rich eastern portion of the Estrades resource area, which, at -1km vertical, represents the deepest intersection drilled on the property in its history. This is also far wider than the average width of the resource. While it didn't all return resource grades, grades as high as 11.4% Zn + 1.0 g/t Au over 0.7m were received. Galway plans on using this in conjunction with other drill results, plus Titan IP and EM as well as gravity geophysical surveys to vector into a potential high-grade and wide source vent in the area.

Contact:

Robert Hinchcliffe

Tel: 1-800-771-0680

Web: www.galwaymetalsinc.com

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 defense 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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