Galway Metals Inc. Annual and Special Shareholders Meeting and Notice to Shareholders

TORONTO, ONTARIO--(Marketwired - June 26, 2015) - Galway Metals Inc. (TSX VENTURE:GWM) ("Galway") advises shareholders that materials related to its July 21, 2015 annual and special meeting of shareholders are being mailed to shareholders and are available on www.sedar.com, www.galwaymetalsinc.com and on www.envisionreports.com/GAYQ2015.

The business of the meeting includes a proposal to export Galway from New Brunswick, its jurisdiction of incorporation, to Ontario. New Brunswick corporate law requires companies to administer "cumulative voting rights" in respect of the election of directors.

Cumulative voting is not a widespread practice in Canada. There are only three out of nearly 4,000 companies, including Galway, which are listed on either the Toronto Stock Exchange or the TSX Venture Exchange and incorporated in the Province of New Brunswick. With very limited exceptions, none of the major corporations listed on the Toronto Stock Exchange allow cumulative voting, and proposals to allow cumulative voting have been consistently voted down by shareholders over the past decade. Cumulative voting rights are not mandatory under the Business Corporations Act (Ontario) or in any Province or Territory in Canada other than New Brunswick.

Galway originally selected New Brunswick as its jurisdiction of incorporation since at that time, Galway had no resident Canadian directors and New Brunswick does not have Canadian residency requirements for directors. Management now has two directors who are Canadian residents and believes that cumulative voting can result in the views of a large number of shareholders effectively not being reflected in voting outcomes. Accordingly, management of Galway has proposed that Galway continue out of the province of New Brunswick and into the Province of Ontario.

If the continuance into Ontario is approved, the shareholder meeting scheduled for July 21, 2015 will be temporarily adjourned to permit Galway to file necessary documentation to effect the continuance. As soon as practicable after the effective time of the continuance, the meeting will be reconvened and shareholders will be asked to approve the remaining items of business, being the election of directors, the approval of Galway's stock option plan and shareholder rights plan as well as the ratification of Galway's general by-law as amended, all as more particularly described in the circular being mailed to shareholders.