Project Presentation

Galway has secured a significant land position in California, Colombia, one of the world's most exciting gold trends, where drilling is currently underway. Galway's California concessions are located adjacent to and along strike with the La Bodega/La Mascota deposit (acquired for $1.5 billion in cash by AUX Canada), and also along strike with and just 3 km from Greystar's Angostura project. Greystar Resources' Angostura gold deposit contains a National Instrument 43-101 ("NI 43-101") compliant measured and indicated resource of 11.5 million ounces of gold (plus 3.5 million ounces of inferred resources). Galway's California property is at lower elevations than both La Bodega/La Mascota and Greystar's Angostura projects, and is not subject to development restrictions associated with Páramo legislation. Galway also owns a 360 meter-long fractional land position within the main La Mascota mineralized structure (view map).

Galway has three diamond drill rigs operating in California, and a fourth is expected on site early in the new year. The Company initially focused drilling on three key zones, the NE Zone, the Pie de Gallo Zone and the San Celestino Zone. Significant gold discoveries have been made in all three zones. The Company has now confirmed the presence of thick intervals of gold mineralization in the two gap areas on either side of the Pie de Gallo Zone.

View Maps, Sections and Drill Hole Results

NE Zone
The NE Zone of Galway's California property is located along its eastern boundary with Ventana Gold. Highlights from reported drill results from this area include:

• 1.5 m of 109.5 g/t Au from GWY-19
• 85.5 m of 1.1 g/t Au, including 1.5 m of 21.4 g/t Au from GWY-30
• 121.5 m of 2.7 g/t Au, including 79.5 m of 3.8 g/t Au, including 1.5 m of 151.5 g/t Au from GWY-37
• 44.0 m of 1.1 g/t Au and 18.6 g/t Ag (silver), including 10.3 m of 2.1 g/t Au and 28.8 g/t Ag from GWY-47
• 50.5 m of 1.4 g/t Au and 18.3 g/t Ag, including 12.0 m of 3.0 g/t Au and 40.3 g/t Ag from GWY-51
• 70.0 m of 1.7 g/t Au, including 9.0 m of 4.5 g/t Au, plus a separate 13.5 m of 2.3 g/t Au, including 1.5 m of 16.3 g/t Au from GWY-55
• 96.0 m of 1.6 g/t Au, including 1.5 m of 21.2 g/t Au from GWY-58
• 95.5 m of 1.0 g/t Au and 15.0 g/t Ag, including 1.5 m of 3.5 g/t Au, plus a separate 7.5 m of 5.5 g/t Au and 43.1 g/t Ag, including 1.5 m of 22.1 g/t Au and 189.0 g/t Ag from GWY-65
• 3.0 m of 47.0 g/t Au, including 1.5 m of 92.7 g/t Au, plus a separate 30.0 m of 1.4 g/t Au and 29.1 g/t Ag from GWY-70

Gap Area Between Pie de Gallo and NE Zone
This area bridged the gap between the NE and Pie de Gallo Zones and reinforced our interpretation of one continuous corridor. Highlights from drill results reported from the Gap Area (between the Pie de Gallo and NE Zones) include:

• 16.5 m of 8.1 g/t Au, including 1.5 m of 80.0 g/t Au from GWY-76
• 39.0 m of 2.1 g/t Au, including 1.5 m of 17.4 g/t Au and 1.5 m of 9.5 g/t Au from GWY-84
• 93.0 m of 1.5 g/t Au and 23.2 g/t Ag, including 10.0 m of 3.7 g/t Au and 78.1 g/t Ag from GWY-85
• 99.0 m of 1.3 g/t Au and 38.5 g/t Ag, including 19.0 m of 3.0 g/t Au and 145.6 g/t Ag from GWY-87
• 1.0 m of 106.0 g/t Au from GWY-93
• 7.0 m of 5.8 g/t Au and 23.6 g/t Ag, including 1.0 m of 25.6 g/t Au from GWY-96
• 28.0 m of 2.7 g/t Au, including 11.0 m of 5.8 g/t Au (which includes 3.0 m of 8.4 g/t Au and 1.0 m of 28.8 g/t Au) from GWY-106
• 27.0 m of 2.1 g/t Au, including 1.0 m of 41.9 g/t Au, plus a separate 55.0 m of 1.1 g/t Au, including 2.0 m of 3.8 g/t Au and 1.0 m of 5.9 g/t Au from GWY-110
• 26.0 m of 129.0 g/t Au, including 1.0 m of 3,310.0 g/t Au and 454.0 g/t Ag, plus a separate 21.5 m of 8.48, including 2.0 m of 78.3 g/t Au from GWY-115
• 1.0 m of 31.7 g/t Au from GWY-124
• 16.0 m of 29.4 g/t Au, including 1.0 m of 447.0 g/t Au and 117.7 g/t Ag from GWY-127
• 2.0 m of 81.1 g/t Au and 16.7 g/t Ag from GWY-145

Pie de Gallo Zone
The Pie de Gallo Zone is a 300 meter long open pit, which was mined in ancient times by the Spaniards and explored by Anaconda Mining Company in 1946-47. Highlights from drill results reported from the Pie de Gallo zone include:

• 89.0 m of 2.9 g/t Au, including 9.0 m of 23.1 g/t Au, including 3.0 m of 50.0 g/t Au from GWY-10
• 6.0 meters of 39.5 g/t Au, including 2.0 meters of 118.5 g/t Au from GWY-43
• 19.5 m of 11.0 g/t Au, including 1.5 m of 108.0 g/t Au and 4.5 m of 6.7 g/t Au; plus a separate 4.5 m of 11.1 g/t Au, including 1.5 m of 29.8 g/t Au; plus a separate 19.5 m of 1.2 g/t Au, including 1.5 m of 8.4 g/t Au from GWY-54
• 84.0 m of 1.2 g/t Au, including 3.0 m of 10.6 g/t Au, plus a separate 31.5 m of 1.7 g/t Au, including 9.0 m of 2.6 g/t Au, plus a separate 16.5 m of 1.5 g/t Au, including 6.0 m of 2.9 g/t Au from GWY-60
• 24.0 m of 8.4 g/t Au, including 1.5 m of 112.0 g/t Au, plus a separate 4.5 m of 20.0 g/t Au, including 1.5 m of 45.1 g/t Au from GWY-62
• 6.0 m of 32.8 g/t Au, including 2.0 m of 92.4 g/t Au, plus a separate 4.0 m of 8.5 g/t Au, including 2.0 m of 16.5 g/t Au from GWY-69
• 10.0 m of 10.0 g/t Au, including 4.0 m of 22.4 g/t Au, plus a separate 59.0 m of 1.7 g/t Au, including 4.0 m of 6.4 g/t Au, 2.0 m of 6.7 g/t Au and 2.0 m of 5.7 g/t Au, plus a separate 26.0 m of 1.8 g/t Au, including 2.0 m of 9.3 g/t Au from GWY-71
• 22.5 m of 7.8 g/t Au and 16.5 g/t Ag, including 1.5 m of 102.5 g/t Au GWY-74
• 16.5 m of 8.1 g/t Au, including 1.5 m of 80.0 g/t Au, plus a separate 18.0 m of  0.7 g/t Au from GWY-76
• 4.0 m of 176.2 g/t Au, including 2.0 m of 350.0 g/t Au, plus a separate 15.0 m of 3.2 g/t Au, including 3.0 m of 11.5 g/t Au from GWY-81
• 96.0 m of 1.1 g/t Au, including 4.0 m of 11.0 g/t Au from GWY-83
• 76.0 m of 3.3 g/t Au, including 2.0 m of 46.5 g/t Au  and 8.0 m of 10.2 g/t Au from GWY-91
• 1.0 m of 151.5 g/t Au and 73.1 g/t Ag from GWY-97
• 150.0 m of 3.0 g/t Au and 12.0 g/t Ag, including 36.0 m of 8.4 g/t Au (which includes 9.5 m of 28.1 g/t Au and 1.0 m of 17.9 g/t Au) and 1.0 m of 11.9 g/t Au from GWY-99
• 50.0 m of 7.0 g/t Au, including 29.0 m of 11.5 g/t Au (which includes 1.0 m of 177.8 g/t Au and 3.0 m of 27.3 g/t Au) from GWY 104
• 13.0 m of 9.0 g/t Au, including 0.5 m of 95.5 g/t Au and 32.2 g/t Ag, and 3.0 m of 18.7 g/t Au from GWY-107
• 86.0 m of 2.7 g/t Au, including 3.0 m of 35.8 g/t Au (that includes 1.0 m of 100.5 g/t Au), 2.0 m of 11.2 g/t Au and 115.6 g/t Ag, and 2.0 m of 14.9 g/t Au from GWY-109
• 97.0 m of 3.0 g/t Au, including 13.5 m of 9.9 g/t Au (that includes 3.0 m of 25.5 g/t Au and 1.0 m of 38.9 g/t Au), plus a separate 51.0 m of 1.7 g/t Au, including 1.0 m of 21.8 g/t Au from GWY-112
• 92.5 m of 2.9 g/t Au, including 6.0 m of 19.6 g/t Au, which includes 1.0 m of 59.6 g/t Au, plus a separate 114.0 m of 1.1 g/t Au, including 2.0 m of 25.4 g/t Au from GWY-116
• 1.0 m of 90.6 g/t Au from GWY-121

Gap between Pie de Gallo and San Celestino
This area bridged the gap between the Pie de Gallo and San Celestino Zones and further reinforcing our interpretation of one continuous corridor. Highlights from drill results reported from the Gap Area (between the Pie de Gallo and San Celestino Zones) include:

• 14.0 m of 21.6 g/t Au and 475.7 g/t Ag, including 1.0 m of 177.5 g/t Au and 3150.0 g/t Ag, 1.0 m of 62.9 g/t Au and 109.0 g/t Ag, and 1.0 m of 27.5 g/t Au, 2120.0 g/t Ag from GWY-117
• 8.0 m of 43.4 g/t Au, including 1.0 m of 319.0 g/t Au and 45.8 g/t Ag from GWY-120
• 16.0 m of 10.6 g/t Au, including 1.0 m of 138.5 g/t Au and 25.5 g/t Ag from GWY-123
• 6.0 meters grading 14.1 g/t Au, including 1.0 meter of 80.6 g/t Au from GWY-126
• 8.5 m of 12.7 g/t Au and 93.5 g/t Ag, including 2.0 m of 44.2 g/t Au and 32.8 g/t Ag from GWY-146
• 20.3 m of 10.2 g/t Au and 160.5 g/t Ag plus 1.5% Zn, including 1.0 m of 31.6 g/t Au and 559.0 g/t Ag plus 2.0% Zn and 1.0 m of 134.5 g/t Au and 740.0 g/t Ag plus 16.1% Zn from GWY-147

San Celestino Zone
The San Celestino Zone (previously known as the El Dorado Zone) is located 1.0 kilometer along strike to the southwest of the Northeast Zone. Highlights of reported drill results from San Celestino include the following:

• 11.0 m of 9.9 g/t Au, including 3.3 m of 30.4 g/t Au from GWY-22
• 7.2 m of 7.6 g/t Au from GWY-23
• 1.5 m of 47.1 g/t Au from GWY-25
• 25.0 m of 3.6 g/t Au, including 16.0 m of 5.4 g/t Au, including 1.5 m of 27.4 g/t Au from GWY-26
• 40.5 m of 1.5 g/t Au from GWY-29

For a complete list of drill results to date please refer to Table 1.

Location and Gold History
The district is located in the northern part of the Colombian State of Santander, in the municipality of California, 50 kilometers northeast of the city of Bucaramanga. The area has access by paved and gravel roads and available electricity. Gold mining in the district started in pre-colonial times with the native Colombians, and continued through Spanish rule with the mining of high-grade veins and placers. In 1946-47, the Anaconda Mining Company examined a portion of the district for copper and gold, but left the area and the country when the Colombian civil war erupted.

As part of this evaluation, they drilled 7 small diameter core holes on ground now controlled by Galway. Anaconda also extensively sampled many of the small underground workings in the area, taking a total of 646 samples. The results of this work indicate gold and silver mineralization along structures ranging in grade up to 277 grams per tonne of gold and 579.4 grams per tonne of silver.

Geological Discussion
Intercepts reported above and in previously reported drill holes are hosted by silicified zones, breccias, fracture zones and stockwork, typical of the district, which includes Eco Oro's (formerly Greystar Resources') and AUX's (formerly Ventana Gold's) National Instrument 43-101 compliant resources, Angostura and La Bodega, respectively. The principal geologic control in the California-Angostura District is a linear structural corridor that trends northeast-southwest and dips steeply to the north. Segments of this zone host the resources reported by both Eco Oro and AUX, and Galway is exploring another segment along the same structural corridor. The entire corridor may be one continuous mineralized zone through all three properties. The mineralized zone identified on Galway's properties is characterized by hydrothermal alteration and mineralization within various phases of pervasively altered intrusive porphyries. Mineralization remains open along strike where untested, at depth along the entire Zone, and across the width of the structure in most places.

California and Vetas Deal Terms
Galway's concessions in the California-Vetas gold district covering 560 hectares in California and 542 hectares in Vetas have combined payments of US$2.6 million and 2.7 million shares of Galway Resources. For California the terms extend over a three year period for 80% of the property, plus a pro rata payment of between 0.5% to 2%, payable in both cash and stock, of measured and indicated gold resources. The remaining 20% is a participating interest and Galway has first right of refusal. For Vetas the terms extend over a 4 year period for 100% of the property, plus a payment of 1.5%, payable in both cash and stock, of measured and indicated gold resources.