Vancouver, British Columbia: January 25, 2007 – Galway Resources Ltd. (GWY: TSX-V) (“Galway” or the “Company”) is pleased to announce the addition to Ron Guill to the Company’s Board of Directors. Mr. Guill is the owner of SMD L.L.C. a contract underground mining company which he established 25 years ago. SMD has over 275 full time miners that are currently mining at eight different mines in the Western United States. Mr. Guill brings vast underground operational mining expertise to Galway’s management team.
“We are pleased with the addition of Ron to Galway’s Board. His creative approach and solid track record for efficient performance in the realization of underground ore reserves will be invaluable as we move two of our underground projects to production. If you consider collectively the tonnage and ounces that his workforce accounts for in Nevada, SMD would be considered the third largest gold producer in the State of Nevada. In short, bringing a proven professional of the caliber of Ron Guill on board further demonstrates our step-by-step progression to the realization of shareholder value in our advanced-stage exploration projects” states Robert Hinchcliffe, President of Galway.
Mr. Guill holds a degree in Mining Engineering from the Mackay School of Mines in Reno, Nevada. Before working with Kennecott, Ranchers and Homestake, Mr. Guill served as an officer in the US Marine Corp. Twenty-five years ago he founded SMD to provide underground mine contracting services. Subsequently, SMD has grown to be the largest underground mine contractor in the United States. Current clients include Newmont (gold in Nevada), Barrick (gold in Nevada and Montana) and Unocal (moly in New Mexico). Mr. Guill serves as a trustee for Northwest Mining Association. He was recently recognized by NWMA with the 2006 Platinum Award for Corporate Excellence “In recognition of more than two decades of customer focused professional and innovative leadership in mechanized underground mining.”
The Company has granted 975,000 stock options at a price of $0.66 to certain directors and officers for a period of 5 years.
About the Company
Management is focused on developing three U.S. based exploration projects that are favorably located and have over 300,000 feet of historical drilling. We have established a solid technical team that has compiled all the historical data and is now advancing these projects in an aggressive but cost effective manner. Management believes that its strategic portfolio of properties offers investors an interesting exposure to a unique blend of commodities.
For further information contact:
Galway Resources Ltd.
President and Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements:
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of transactions, the timing and amount of payments and share issuances, the completion of financings, the use of proceeds, future exploration, development and production activities and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated transactions, payments, share issuances and financings, the use of proceeds, the time and success of future exploration, development and production activities and the timing and amount of expenditures.