28 Apr

Galway Gold Announces That Eduardo Gomez Has Joined Its Board of Directors and Awards Incentive Stock Options

Released: April 28, 2020

Toronto, Ontario – April 28, 2020 –Galway Gold Inc. (TSX-V: GLW) (the “Company”) is pleased to announce that Eduardo Gomez has agreed to join its Board of Directors. Mr. Gomez has over 25 years of international operating and consulting experience across multiple industries. He currently advises CEOs of middle market private equity backed technology companies on revenue growth strategies as a delivery leader at Sales Benchmark Index (SBI).  Before joining SBI, Mr. Gomez was a VP & General Manager at ADP where he led the rapid growth of a $780M division and Corporate Development efforts for their HR Outsourcing Business Unit.  Prior to ADP, he led turnarounds in the EdTech, legal information and water plant manufacturing industries in the US and Colombia. Prior to being an operator, Mr. Gomez was a consultant in Colombia and Brazil with McKinsey & Co., Deloitte and PwC where he led cost optimization, M&A and growth strategy projects in the energy and banking industries.

Mr. Gomez has an MBA from the University of Texas at Austin and has a BS in Business Administration from the University of Rhode Island where he majored in Finance. He is fluent in Spanish, English and Portuguese.

The Company is also pleased to announce that it has awarded 250,000 incentive stock options exercisable at C$0.11 per common share and expiring on April 28, 2030 to Mr. Gomez. This grant of options is in compliance with terms of the Company’s Stock Option Plan and remains subject to acceptance by the TSX Venture Exchange.

For further information contact:

Galway Gold Inc.

Robert Hinchcliffe 1-800-761-2770

www.galwaygoldinc.com

Cautionary Note Regarding Forward-Looking Statements: This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Galway Gold’s future plans, objectives or goals, including words to the effect that Galway Gold or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Galway Gold, Galway Gold provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, statements related to the termination of the Reina de Oro project, the ability to recover damages with respect to the termination of the Reina de Oro project, Galway Gold’s objectives, goals or future strategic plans and new corporate opportunities, and the Company’s ability to find a viable resource project in Colombia or an alternative mining jurisdiction. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to an inability to recover damages in respect of the termination of the Reina de Oro project, failure to identify a viable resource project, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Galway Gold’s public documents filed on SEDAR. Although Galway Gold has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information will prove to be accurate. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding Galway Gold’s plans, objectives, and goals and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Galway Gold does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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