Galahad Metals Appoints Malcolm, Meredith as Investor Relations Representatives

OTTAWA, ONTARIO, Feb 03, 2009 (MARKET WIRE via COMTEX) -- Galahad Metals Inc. ("the Company") (GAX)is pleased to announce the appointment of Mr. Lindsay Malcolm and Mr. Wayne Meredith as its in-house Investor Relations representatives. The initial term of the engagement will be twelve months. Both Malcolm and Meredith have had extensive backgrounds and experience with a number of TSX Venture companies, both in mining/resource and other sectors.

They will be responsible for all aspects of the Company's Investor Relations program to implement and execute an investor relations strategy to significantly improve shareholder and investor communications. The objective will be to create effective communication between the Company, its shareholders and the investment community. They will also work closely with Bay Street Connect, the Company's external Investor Relations Consultant.

Malcolm & Meredith have enjoyed a 20 plus year career in the public markets dedicated to Investor Relations and Corporate Communications. They have been involved with many exploration projects and development stage projects. The goal is to empower shareholders to rely on and consult with the Company to ensure that they have the most recent information. Both are Vancouver residents. They will be compensated at $2,500 monthly and will be granted options to be determined at a future date.

"The addition of these gentlemen to the Management team at GAX will provide our shareholders and the financial community with a single point of contact for reliable information concerning the activities of the Company, as well as significantly expanding Galahad's reach into Western Canada", commented Robin Dow, CEO. "Importantly, having a dedicated Investor Relations function will certainly free-up management's time and allow for an increased focus on strategic management. While current personnel remain accessible, I invite any interested shareholders to give them a call on our Investor phone number, 604-569-2508 at their convenience."

The Company has also granted to certain directors and contractors 70,000 stock options, exercisable at $0.10 to 15 January 2014.

The appointments and options are subject to TSX Venture Exchange and other applicable regulatory approval.

Galahad Metals has three active gold projects. The new Kellyn Project north of Superior in Ontario, has multi-ounce per ton gold and silver values, as well as enhanced rare earths. As a matter of clarification, the agreement stipulates, as already released, that under the terms of the agreement, Galahad is required to pay to the Optionors, subject to the approval of the TSX-V, $6,000 and 100,000 shares of Galahad upon signing and on the first anniversary, and that Galahad has the option on the second and third anniversaries to maintain the same payment, or to make a single payment of $12,000 or to pay 200,000 shares, whatever Galahad deems appropriate at the anniversary date.

At the Montrose gold property, near Matachewan, Ontario, the Company is currently concluding an IP survey, and work continues at the very prospective Bottle Creek gold-silver project in Nevada.

"The statements in this Press Release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not approved or disapproved of the information contained in this Press Release."

Contacts:
Galahad Metals Inc.
Robin Dow
President, C.E.O
1-888-834-7708
robin@dowgroup.ca
www.galahadmetals.com