Galore Resources Announces Exploitation Agreement - Seite 2

Galore's President and CEO Mike McMillan states, "This has been a long journey to get to this point. Throughout the constant delays and time it took to remove URBYASA from the Duraznillo Mine, we were able to find a great company and a great group of experienced professionals to begin again the exploitation of the Duraznillo Mine. We are very pleased with the quality of people and passion that OZTOC's principals bring to the project. Although this project is undertaken without a feasibility study of mineral reserves to demonstrate the economic or technical feasibility of the project, we will be sure to maintain a transparency with our shareholders in what may be considered a fairly unique approach in the industry".

OZTOC will begin by assessing the infrastructure, utilities, and equipment that remains at the Duraznillo Mine. The initial review is expected to take several weeks to complete and once concluded, OZTOC will determine an estimated time table to begin production. During this review, OZTOC will apply for any necessary permits that are not already in place. Galore will provide further news once OZTOC is at the point of production.

On Behalf of the Board, I am respectfully yours,

Michael McMillan,
President and Chief Executive Office

For Further Information about Galore Resources,

Please visit the Company's website at www.galoreresources.com or contact the Company's Chief Financial Officer and Vice-President of Corporate Communications, Drew McMillan, by telephone [phone]) or e-mail ([e-mail]).

About Galore Resources

Galore Resources is a mineral exploration and development company whose focus is to make and develop significant mineral discoveries, which are supported by a sustainable business model. Our goal is to discover a world-class gold deposit in Mexico. Our flagship project is located in the heart of the Concepcion del Oro Mining District, the Dos Santos Project, which covers two known historic gold zones, is on trend with Newmont's Penasquito Mine, and based on past drilling, trenching, and an airborne geophysical survey, has the potential to host several bulk tonnage gold deposits.