Mr. Rob Hinchcliffe reports

GALWAY METALS CONTINUES TO DEMONSTRATE BROAD GOLD MINERALIZATION AT SOUTHWEST DEPOSIT; 2.0 G/T GOLD OVER 68.0 METRES

Galway Metals Inc. has released assay results from 14 diamond drill holes completed at the Southwest deposit within its 100-per-cent-owned Clarence Stream gold project in New Brunswick, Canada. Clarence Stream is a district-scale gold project extending over an approximately 65-kilometre trend of highly prospective gold showings and anomalies. As announced in the company's news release dated July 13, 2026, the project hosts an updated mineral resource estimate containing 27.2 million tonnes grading 1.62 grams per tonne Au for 1.42 million ounces of gold in the indicated category and 28.5 million tonnes grading 1.40 g/t Au for 1.29 million ounces of gold in the inferred category. The supporting National Instrument 43-101 technical report for the updated mineral resource estimate will be filed on SEDAR+ within the prescribed filing period.

Rob Hinchcliffe, president and chief executive officer, commented: "These latest results continue to demonstrate the impressive widths and continuity of gold mineralization within the Southwest deposit. BL-328 is particularly encouraging, returning 2.0 g/t gold over 68.0 metres followed just seven metres later by another 52-metre interval grading 1.0 g/t gold. Together with the multiple mineralized zones intersected in the deeper BL-311 hole, these results demonstrate that the mineralized system continues to depth. As we advance the Clarence Stream PEA, our drilling program remains focused on increasing confidence in the existing resource while continuing to test the extent of mineralization within and beyond the current resource model."

Highlights

• BL-328 intersected 2.0 g/t Au over 68.0 m (Section 1):
  • Including 54.4 g/t Au over 1.0 m, 9.4 g/t Au over 1.0 m and 8.7 g/t Au over 1.0 m;
  • Additional intercept of 1.0 g/t Au over 52.0 m, beginning only 7.0 metres below the 68.0 m interval.
• BL-311 intersected 3.3 g/t Au over 23.0 m:
  • Including 56.2 g/t Au over 1.0 m and 5.5 g/t Au over 1.0 m;
  • Additional intercepts of 6.3 g/t Au over 5.0 m including 24.7 g/t Au over 1.0 m, 9.0 g/t Au over 3.0 m, including 26.6 g/t Au over 1.0 m, 1.5 g/t Au over 12.0 m and 1.6 g/t Au over 11.0 m.
• BL-329 intersected 3.2 g/t Au over 11.0 m:
  • Including 17.0 g/t Au over 1.0 m and 14.7 g/t Au over 1.0 m.
• BL-294 intersected 2.3 g/t Au over 16.0 m (Section 2):
  • Including 9.2 g/t Au over 3.0 m and 4.1 g/t Au over 1.0 m.

Continuity of mineralization at the Southwest deposit

The latest drilling at the Southwest deposit continues to demonstrate broad and continuous zones of gold mineralization while increasing drill density within the current mineral resource and testing mineralization beyond existing resource blocks and at depth. Infill drilling is being completed at approximately 25-metre spacing to increase geological confidence within the current mineral resource, while expansion drilling is testing mineralization outside the current resource block model, both within and beyond the 2026 mineral resource pit shell.

BL-328 returned two exceptionally broad zones of gold mineralization, intersecting 2.0 g/t Au over 68.0 metres followed, after only 7.0 metres, by a second interval grading 1.0 g/t Au over 52.0 metres. The hole tested an area containing both modeled mineralization and gaps between existing resource blocks, with the broad intervals demonstrating strong continuity through this portion of the Southwest deposit.

On the same section, BL-329 intersected 3.2 g/t Au over 11.0 metres in the shallower portion of the mineralized system, while the deeper BL-311 intersected multiple zones of gold mineralization, including 3.3 g/t Au over 23.0 metres, 6.3 g/t Au over 5.0 metres, 9.0 g/t Au over 3.0 metres, 1.5 g/t Au over 12.0 metres and 1.6 g/t Au over 11.0 metres. Collectively, the three holes demonstrate mineralization extending from the shallower portions of the Southwest deposit to significantly greater depths and support the interpretation of a broad, multihorizon mineralized system that continues at depth.

Elsewhere within the Southwest deposit, BL-294 intersected 2.3 g/t Au over 16.0 metres, including 9.2 g/t Au over 3.0 metres and 4.1 g/t Au over 1.0 metre, providing additional confirmation of mineralization along strike. These results will be incorporated with continuing drilling to further refine the geological model and evaluate opportunities for resource expansion at the Southwest deposit.

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 at 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) 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 assayed using ICP. The company's QA/QC (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-pitable flagship Clarence Stream gold project in southwest 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.

We seek Safe Harbor.