|October 30, 2009|
Galway Shareholders Approve Shareholder Rights Plan
|Toronto, Ontario: October 30, 2009 - Galway Resources Ltd. (GWY: TSX-V): is pleased to announce that at a Special Meeting of the Shareholders of Galway Resources Ltd. held on October 28th, 2009 (the "Meeting") that, of the shares represented at the Meeting, 99.96% of the votes were in favor of the confirmation and approval of the Shareholder Rights Plan. A copy of the Shareholders Rights Plan was filed on SEDAR(r) (www.sedar.com) on September 30th, 2009.|
About the Company
Galway Resources is a well capitalized company, primarily focused on the exploration of gold and coal in Colombia. The company holds a significant land package in the California gold trend (Colombia). The properties are located less than 1 kilometer south-west of Ventana's La Bodega project, and 3 kilometers from Greystar's Angostura project, and are along strike. Prodeco (Colombian subsidiary of Xstrata) signed an agreement with Galway, whereby they will fund the all drilling at the GALCA coal project. Drilling is expected to begin in early November 2009. Galway has engaged John Tumazos of Very Independent Opinion to commercialize the Victorio molybdenum-tungsten project located in south-western New Mexico, USA.
For further information contact:
Galway Resources Ltd.
President and Director
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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