Galway Increases Drill Rigs In Colombia 

TORONTO, ON - Galway Resources Ltd. a review of its recent drill results at the California and Vetas projects in northeastern Colombia. There are currently 3 drill rigs operating at the California property, with a fourth rig to begin drilling in early November. This project is located both adjacent to and along strike with the La Bodega/La Mascota deposit (acquired for $1.5 billion in cash by AUX Canada). Galway also owns a 360 meter-long fractional land position (view map) that appears to be directly within the La Mascota mineralized structure. Drilling at Vetas began in the second quarter, with 2 rigs operating at the high-grade El Volcan gold-silver mine, which is located 8 km southeast of California and is the largest gold producer in the entire region. Discussions are underway to bring a third drill rig to Vetas, which will focus on exploring extensions of known mineralization under the El Volcan Mine, which remains open in all directions, and to also explore other areas of known mineralization at Vetas.

Strong results from both projects have led us to increase the number of drill rigs at each, which will only accelerate our exploration efforts. We expect to have NI 43-101 resource estimates on California in the first quarter of 2012, and near mid-year 2012 for Vetas," states Robert Hinchcliffe, President and CEO of Galway Resources.