TORONTO, ON / ACCESS Newswire / May 28, 2026 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to announce preliminary results from its 2026 district-scale airborne geophysical program at the Company's 100%-owned Clarence Stream Gold Project in southwest New Brunswick. The HeliTEM, Resolve 5, and magnetic surveys have enhanced Galway's understanding of the geological structures controlling gold mineralization and identified a compelling exploration target corridor between the South and Southwest deposits. Preliminary interpretation has identified a strong conductive graphitic horizon associated with known gold mineralization that provides an important regional marker for tracing key structural trends, while also highlighting additional conductive features, structural breaks, and potential offsets of known mineralized trends that may represent future drill targets across the broader Clarence Stream gold system.
Rob Hinchcliffe, President and CEO of Galway Metals, commented: "Our first hole into the South-Limb Target Trend has now been completed and encountered the geology we were hoping to see, including multiple quartz veins with visually identified arsenopyrite and alteration consistent with our exploration model. This is an encouraging start as we test one of the most compelling new exploration targets identified through our 2026 district-scale geophysical program. As shown in Figure 1, the South-Limb Target Trend consists of an interpreted 6-kilometer corridor located between the South and Southwest deposits, Galway's two largest known gold deposits, and supports our view that Clarence Stream has significant room to grow. Core has been logged and sampled, and we look forward to updating shareholders when assay results are received."
