Galahad Metals

4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)

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Message: NR-Update from Regcourt

I had a good chat with the company yesterday and I am very pleased that all 4 holes have hit their intended target. We are drilling for high grade ore, we know afte that 79g/t over 3.6m from the first campaign that we certainly have some great grades around. If they repeat those kind of numbers, I cannot see how the market would not reward the company. Assays cannot come quick enough but with the general market malaise, maybe waiting a week or two for results is not a bad thing.

Apparently, the company is also in discussion with other claim holders in Nevada and we may acquire more land there if the deal is right. However, it may take time for the market to give us any valuation for this. Our best bet for a good bump in our share price will come from assays.

Glorieux

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