Galway Metals Reports Updated Clarence Stream Mineral Resource Estimate

About this update from Galway Metals, Inc.

Galway Metals Reports Updated Clarence Stream Mineral Resource EstimateOpen Pit Constrained Gold ResourceIndicated: 1.36M Au Ounces at 1.58g/t (in 26.68M Tonnes)Inferred: 1.02M Au Ounces at 1.26g/t (in 25.17M Tonnes)Underground Constrained Gold ResourceIndicated: 0.06M Au Ounces at 3.60g/t (in 0.52M Tonnes)Inferred: 0.27M Au Ounces at 2.50g/t (in 3.37M Tonnes) TORONTO, ON / ACCESS Newswire / July 13, 2026 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") announced today an updated Mineral Resource Estimate ("MRE") for its 100%-owned Clarence Stream Gold Project in southwest New Brunswick. The updated MRE reports Indicated Mineral Resources of 27.2 million tonnes grading 1.62 g/t Au containing 1.42 million ounces of gold and Inferred Mineral Resources of 28.5 million tonnes grading 1.40 g/t Au containing 1.29 million ounces of gold. The updated estimate also includes approximately 19,500 tonnes of contained antimony in the Indicated category and 3,100 tonnes in the Inferred category, representing increases of approximately 103% and 45%, respectively, compared to the 2022 Mineral Resource Estimate1."This updated Mineral Resource Estimate marks a significant milestone for the Clarence Stream Project," stated Robert Hinchcliffe, President and CEO of Galway Metals. "The 20% increase in total contained gold, together with the 54% increase in Indicated gold ounces, provides a substantially stronger foundation for the Project. We are extremely happy with our new resource estimate and look forward to an exciting 2026."Approximately half of our contained Indicated gold ounces occur at grades above 3.0 g/t Au (see Table 2.0 below), underscoring the quality of the updated resource and its potential to support future development. Most importantly, the North, South and Southwest Deposits remain open for expansion through ongoing drilling, while our broader 65-kilometre Clarence Stream district continues to provide significant discovery potential.""With four drill rigs currently operating as part of our planned 40,000-metre 2026 drill program, Galway is well positioned to continue expanding and upgrading the Mineral Resource, make new discoveries across our 65-kilometre district, and advance Clarence Stream through future economic studies.Notably, the next milestone for Clarence Stream is the Preliminary Economic Assessment (PEA). We are currently...

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