Mr. Robert Hinchcliffe reports

GALWAY METALS INTERSECTS THICK GOLD-ANTIMONY MINERALIZATION AT SOUTH DEPOSIT, INCLUDING 6.1 G/T AU AND 0.7% SB OVER 28.0M

Galway Metals Inc . has released assay results from nine diamond drill holes at the South deposit within its 100-per-cent-owned Clarence Stream high-grade gold project in New Brunswick, Canada. The Clarence Stream gold project hosts district-scale potential along an approximately 65-kilometre trend of highly prospective gold showings and anomalies. The project currently hosts a 2022 mineral resource estimate of 12.4 million tonnes grading 2.3 grams per tonne gold in the indicated category (922,000 ounces gold) and 16.0 million tonnes grading 2.6 grams per tonne gold in the inferred category (1,334,000 ounces gold), as outlined in the National Instrument 43-101 technical report titled "Technical Report on the Clarence Stream Mineral Resource Project, New Brunswick, Canada," dated March 31, 2022, prepared by SLR Consulting Ltd.

Rob Hinchcliffe, president and chief executive officer of Galway Metals, stated: "We are very encouraged by these initial results from our 2026 drilling program at the South deposit, which continue to demonstrate strong continuity of thick, high-grade gold mineralization with meaningful antimony values. These intercepts reinforce the robustness of the system within the core of the deposit and highlight the growing importance of antimony as a potential byproduct. With an updated mineral resource estimate currently under way for Clarence Stream and exploration drilling now ramping up with the addition of a fourth rig, we are entering a highly productive phase of drilling. With active drilling on multiple deposits and a large volume of assays pending, we believe the project is well positioned to deliver consistent news flow and continued advancement throughout 2026."

Highlights:

• CS-416 intersected 6.1 grams per tonne gold and 0.7 per cent antimony over 28.0 metres, including:
  • 21.8 g/t Au and 3.3 per cent Sb over 1.0 m;
  • 40.7 g/t Au and 0.7 per cent Sb over 1.0 m;
  • 22.6 g/t Au and 0.7 per cent Sb over 1.0 m;
• CS-417 intersected 3.6 g/t Au and 0.4 per cent Sb over 26.0 m, including:
  • 12.4 g/t Au and 0.5 per cent Sb over 5.0 m;
• CS-424: 1.5 g/t Au and 0.4 per cent Sb over 3.0 m.

Thick, high-grade gold-antimony zones intersected within South deposit pit shell

The nine drill holes reported represent the first results from the 2026 drill program at the South deposit, which hosts the highest-grade resource within the 2022 mineral resource estimate, comprising 333,000 ounces at 2.99 g/t Au (indicated) and 325,000 ounces at 4.03 g/t Au (inferred).

Drill holes CS-416 and CS-417 were designed as approximately 25-metre-spaced infill holes targeting the central portion of the South deposit to confirm continuity of higher-grade mineralization within the resource pit shell. Both holes intersected thick zones of gold and antimony mineralization, reinforcing the continuity and strength of the mineralization.

The remaining seven holes tested both internal grade continuity and mineralization along the pit-shell boundaries. All holes intersected gold mineralization with varying levels of antimony. Additional assays remain pending for holes CS-422 and CS-423.

The company currently has assays pending for eight additional drill holes from the South deposit, along with 37 holes from the Southwest deposit and 34 holes from the North deposit. Several holes from both the Southwest and North deposits contain visible gold, including hole CL-252 and hole ND-61, and results will be released as assays are received.

Geology and mineralization

Gold-antimony mineralization at Clarence Stream is structurally controlled and associated with quartz veins and quartz stockwork developed within brittle-ductile fault zones hosted in both intrusive and metasedimentary rocks. Mineralization is associated with pyrite, base metal sulphides and stibnite, along with anomalous concentrations of bismuth, arsenic, antimony and tungsten. Alteration within host rocks is typically confined to a few metres surrounding quartz veins and is characterized primarily by sericitization and chloritization. A more detailed description of the Clarence Stream geology and mineralization is available on the company's website.

Review by qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Jesse Fisher, PGeo, project manager for Clarence Stream and a qualified person as defined by National Instrument 43-101. Mr. Fisher certifies that this news release fairly and accurately reflects the technical information and data presented. Galway Metals conducts its exploration activities in accordance with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) Best Practices Guidelines.

Quality control and reports

All core, chip/boulder samples and soil samples are assayed by Activation Laboratories, located at 41 Bittern St., Ancaster, Ont., Canada, Agat Laboratories, located at 5623 McAdam Rd., Mississauga, Ont., Canada, L4Z 1N9, and 35 General Aviation Rd., Timmins, Ont., P4P 7C3, and/or Swastika Laboratories, situated in Swastika, Ont. All four labs have ISO/IEC 17025 accreditation. All core is under watch from the drill site to the core processing facility. Drill core is NQ size and sample intervals range from 0.5 metre to 1.5 metres in length. All samples are assayed for gold by fire assay, with gravimetric finish, and other elements are assayed using ICP. The company's quality assurance/quality control program includes the regular insertion of blanks and standards into the sample shipments as well as instructions for duplication. Standards, blanks and duplicates are inserted at one per 20 samples. Approximately 5 per cent of the pulps and rejects are sent for check assaying at a second lab, with the results averaged and intersections updated when received. Core recovery in the mineralized zones has averaged 99 per cent.

About Galway Metals Inc.

Galway Metals is a Canadian mineral exploration and development company focused on advancing its 100-per-cent-owned, high-grade, open-pittable flagship Clarence Stream gold project in southwestern New Brunswick. Clarence Stream is an emerging gold district with an exploration strike length of approximately 65 kilometres and widths of up to 28 kilometres in certain areas. Galway Metals holds a 90-per-cent participating interest in the Estrades project, a former-producing, high-grade, gold-rich polymetallic VMS (volcanogenic massive sulphide) mine in the northern Abitibi region of western Quebec. Dowa Metals & Mining Co. Ltd. holds a 10-per-cent participating interest pursuant to the previously announced option and joint venture term sheet, under which Dowa may earn up to a 45-per-cent interest in the project. Led by a management team with a proven record of creating shareholder value (having sold Galway Resources for $340-million (U.S.), Galway Metals is focused on creating value for all its stakeholders.

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