Mr. Robert Hinchcliffe reports

GALWAY METALS' DISTRICT-SCALE GEOPHYSICS DEFINES HIGH-PRIORITY TARGET CORRIDOR BETWEEN CLARENCE STREAM'S TWO LARGEST GOLD DEPOSITS

Galway Metals Inc. has released preliminary results from its 2026 district-scale airborne geophysical program at the company's 100-per-cent-owned Clarence Stream gold project in southwestern New Brunswick. The HeliTEM, Resolve 5 and magnetic surveys have enhanced Galway's understanding of the geological structures controlling gold mineralization and identified a compelling exploration target corridor between the South and Southwest deposits. Preliminary interpretation has identified a strong conductive graphitic horizon associated with known gold mineralization that provides an important regional marker for tracing key structural trends while also highlighting additional conductive features, structural breaks and potential offsets of known mineralized trends that may represent future drill targets across the broader Clarence Stream gold system.

Rob Hinchcliffe, president and chief executive officer of Galway Metals, commented: "Our first hole into the South-Limb target trend has now been completed and encountered the geology we were hoping to see, including multiple quartz veins with visually identified arsenopyrite and alteration consistent with our exploration model. This is an encouraging start as we test one of the most compelling new exploration targets identified through our 2026 district-scale geophysical program. [...] The South-Limb target trend consists of an interpreted six-kilometre corridor located between the South and Southwest deposits, Galway's two largest known gold deposits, and supports our view that Clarence Stream has significant room to grow. Core has been logged and sampled, and we look forward to updating shareholders when assay results are received."

Program highlights:

• Preliminary airborne geophysics support the interpretation that the South and Southwest deposits may occur along opposing limbs of a regional-scale fold structure.
• The known deposits and interpreted target corridor define more than six kilometres of prospective strike length between the two deposits;
• A conductive graphitic horizon provides a mappable regional marker horizon, supporting Galway's evolving structural interpretation of gold mineralization at Clarence Stream.
• Initial drilling of the South-Limb target trend has commenced, with core logging and sampling under way and assays pending.
• Continuing interpretation and integration of the geophysical data set is expected to generate additional priority drill targets across the Clarence Stream project.

Initial drilling of South-Limb target trend

Galway has commenced drilling along the newly interpreted South-Limb target trend, a priority target generated from the preliminary airborne geophysical interpretation. The target area lies between the South and Southwest deposits and is interpreted to represent a prospective structural corridor associated with the broader Clarence Stream gold system.

The first hole in the South-Limb target trend was drilled near the midpoint of the interpreted structural corridor, completed to a depth of 440 metres and encountered the anticipated geological sequence, including conglomerate, hydrothermal alteration and swarms of quartz veins with sulphide mineralization visually identified as arsenopyrite. Quartz-vein swarms were observed at several locations downhole, including at approximately 197 metres and 330 metres. Core has been logged and sampled and assays are pending.

The company cautions that visual observations of quartz veining, alteration and sulphide mineralization are preliminary in nature and are not necessarily indicative of gold grade or economic mineralization. Assay results are required to determine the presence, grade and significance of gold mineralization and will be reported once received, reviewed and interpreted.

Continuing geophysical interpretation

In addition to the South-Limb target trend, the preliminary airborne geophysical interpretation has identified numerous conductive responses, structural breaks and potential offsets of known mineralized trends across the survey area that may represent additional exploration opportunities.

Galway's geophysical consultants continue to refine and interpret the preliminary data set through additional processing and integration with drilling, geology, soil geochemistry and known mineralized trends. As interpretation advances, Galway expects to prioritize additional drill-ready targets across the Clarence Stream project.

The preliminary results are supporting Galway's evolving geological and structural understanding of the Clarence Stream gold system and are expected to enhance targeting across the project's approximately 65-kilometre prospective trend.

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 Jason Flight, PGeo, vice-president of exploration, both qualified persons as defined by National Instrument 43-101. Mr. Fisher and Mr. Flight certify 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-practice guidelines.

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 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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