Galahad Metals

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

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Message: A reason to be optimistic

Hi Mike,

Thanks for posting and I wish you would post more often as I remember from the early NOT days and you always had good contributions.

BYV is a new company for me but I liked what I saw last night except for the insider selling. They have sold 453k dollars worth in the last year and sold 171k shares again on Monday. The company probably has a bright future but hard to support a company that has so much insiders selling.

As for GAX getting a 50% bump in MC from the next result, I think if the results support it, this will not be hard, actually should be easier than for BYV as their share float is similar but our MC is 1/4 of what BYV was before their assays.

Our first results were great at 79g/t over 3.6m and 19g/t over 5.6m (from memory here) so we are in a very good area for finding some high grade gold. Being next to Val d'or gives us great access to infrastructure and a knowledgeable work force, although there is big competition for this work force. We have a great head Geo in Langton, a second generation mining expert with great local knowledge of the Val d'or style mineralization.

Patience is still the key here but if this second round of drilling comes up with the goods, we may see more institutional support come to the table.

Glorieux

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