Toronto - Galway Metals Inc. (TSX-V: GWM) (the 'Company' or 'Galway') is pleased to report new drill results from holes in the western and northern extensions of the George Murphy Zone (GMZ) at the Clarence Stream Gold Project in SW New Brunswick.

Results to the west follow-up on previously-released drill hole 88 that extended the zone 230m to the west and that returned three areas of visible gold with intersections of 6.5 g/t Au over 14.05 m, 9.7 g/t Au over 2.0m, and 1.2 g/t Au over 11.0m. Highlight results from follow-up holes in this west area returned 23.0 g/t Au over 7.4m in hole CL-47, 19.7 g/t Au over 4.2m within a broader structure that assayed 4.9 g/t Au over 20.35m plus 8.7 g/t Au over 2.0m in hole BL-102A, and intersects of 0.64 g/t Au over 47.0m, 1.3 g/t Au over 24.05m, 3.6 g/t Au over 8.0m and 2.7 g/t Au over 9.7m in hole CL-66A.

Veins to the north of the GMZ (first reported on February 13, 2020) are suddenly suggesting wide, high-grade content with the intersections of 20.2 g/t Au over 7.0m within a broader structure that assayed 4.8 g/t Au over 34.0m, plus 1.3 g/t Au over 9.5m in hole CL-50. Hole CL-84, drilled 35m to the east of hole CL-50, intersected significant visible gold (VG); assays are pending. The GMZ remains open for expansion in all directions; all zones at Clarence Stream remain open for expansion in all directions.

'Galway is really pleased with how all zones are expanding with nice widths and grades. The Company is following up on these and other results ahead of the release this summer of the Clarence Stream mineral resource update. With 6 rigs turning, and with a 7th on the way, Galway can complete in 6-months what took 3-years when we had just 1 rig at Clarence Stream. A similar situation exists at Estrades where Galway is drilling with 3 rigs vs just 1 in all previous programs. With 9 rigs currently turning, and a 10th on the way, Galway will be making a lot of news,' cites Robert Hinchcliffe, President and CEO of Galway Metals.

About the Company

Galway Metals is well capitalized with two gold projects in Canada, Clarence Stream, an emerging gold district in New Brunswick, and Estrades, the former producing, high-grade VMS mine in Quebec. The Company began trading on January 4, 2013, after the successful spinout to existing shareholders from Galway Resources following the completion of the US$340 million sale of that company. With substantially the same management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with Galway Resources.

Contact:

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 defence 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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