Galway Metals Inc. reported assay results from drilling southwest of Craig Lake at the Southwest Deposit, part of its 100%-owned Clarence Stream Gold Project in New Brunswick. Drill holes BL-332 and BL-333 intersected high-grade mineralization outside the current resource wireframes, while BL-334 intersected both modeled mineralization and its extensions. These results support Galway’s interpretation of southwest-plunging high-grade shoots. The latest mineral resource estimate for Clarence Stream contains 27.2 million tonnes grading 1.62 g/t gold for 1.42 million ounces in the Indicated category and 28.5 million tonnes grading 1.40 g/t gold for 1.29 million ounces in the Inferred category. The estimate is supported by the NI 43-101 technical report titled NI 43-101 Technical Report Clarence Stream Project, New Brunswick, Canada, prepared by SLR Consulting (Canada) Ltd. with an effective date of May 29, 2026.

“These three holes have intersected high-grade gold where our current resource model has a gap along the interpreted southwest plunge,” said Robert Hinchcliffe, President and CEO of Galway Metals. “Resource areas on either side give us a compelling target to follow at depth, and the results reinforce our view that there may be other high-grade shoots to test across the Southwest Deposit. As we advance the Clarence Stream PEA, this drilling is helping us evaluate opportunities for deeper resource expansion and the deposit’s underground potential.”

Highlights

• BL-332 intersected 2.8 g/t gold over 48.0 metres, including 16.7 g/t gold over 5.0 metres. Separate intervals returned 3.9 g/t gold over 30.0 metres, including 68.3 g/t gold over 1.0 metre, and 4.5 g/t gold over 13.0 metres. (Oblique Section)
• BL-333 intersected 8.3 g/t gold over 6.0 metres, including 39.2 g/t gold over 1.0 metre, and a separate interval of 4.2 g/t gold over 5.0 metres, including 12.2 g/t gold over 1.0 metre.
• BL-334 intersected 6.4 g/t gold over 7.0 metres, including 38.5 g/t gold over 1.0 metre, and a separate interval of 1.0 g/t gold over 10.0 metres.
• BL-276 intersected 4.0 g/t gold over 6.0 metres, including 22.5 g/t gold over 1.0 metre.

Testing the Southwest Deposit’s High-Grade Southwest Plunging Shoots

BL-332, BL-333 and BL-334 were drilled to test a gap in the current mineral resource model along an interpreted southwest-plunging trend, where resource areas occur on either side of the new intercepts. The holes intersected high-grade gold in and adjacent to a gap in the current resource model, including mineralization outside the resource wireframes, supporting Galway’s interpretation of repeated high-grade shoots in this portion of the Southwest Deposit (Oblique Section). The deposit-scale long section highlights other interpreted southwest-plunging trends that could be followed up with deeper drilling for potential resource expansion (Long Section). Further drilling will help define the continuity and extent of these shoots and evaluate the deposit’s underground potential.

The BL-270-series holes were drilled principally to increase drill coverage between and within areas of the current resource and to test continuity across gaps between resource pit shells. These holes intersected additional gold mineralization, including 4.0 g/t gold over 6.0 metres in BL-276, with 22.5 g/t gold over 1.0 metre, supporting the interpretation of mineralized connections in this area.

Geology and Mineralization

Gold-antimony mineralization at Clarence Stream is structurally controlled and associated with quartz veins and quartz stockwork developed within brittle-ductile fault zones hosted in both intrusive and metasedimentary rocks. Mineralization is associated with pyrite, base-metal sulphides, and stibnite, along with anomalous concentrations of bismuth, arsenic, antimony, and tungsten. Alteration within host rocks is typically confined to a few metres surrounding quartz veins and is characterized primarily by sericitization and chloritization,