Galahad Metals Inc.

Galahad Metals Inc.

June 05, 2009 09:00 ET

Field Program Commences on the Kellyn High-Grade Gold Prospect, Terrace Bay, N. Ontario

OTTAWA, ONTARIO--(Marketwire - June 5, 2009) - Galahad Metals Inc (TSX VENTURE:GAX) announces that it has began a systematic prospecting and soil sampling program on its optioned Kellyn property near Terrace Bay. Located within the heart of this project, former mine workings and high-grade gold-silver veins occur along the contact between mafic volcanic rocks and a granitoid body. Historic data indicate that up to 93 g/t gold and 1,076 g/t silver in quartz veins were found on the property. Preliminary sampling taken by Galahad prior to optioning the claims contained 26.8 g/t gold and two samples contain from 102 to 445 g/t silver. One sample collected from the wall within the former adit assayed 22 g/t gold and 62.5 g/t silver. Other recorded showings within metavolcanics include the Elgin North showing with assays up to 85 g/t silver and the Jons showing of 11 g/t gold and 968.7 g/t silver.

The vein systems occur along a 1.5 km -long zone of high ductility contrast. Lines were cut during late winter over this area and detailed prospecting and soil sampling is now being carried out. Geophysical surveys, principally I.P. and ground magnetics, will be initiated following an analysis of the current geological survey.

The photos are available at the following adresses:

High-Grade Veins showing Sulphides:

Former Adit/Mine:

In addition to the new Kellyn Project, Galahad has two active gold projects; the Montrose gold property near Matachewan, Ontario, where the Company just concluded an IP survey which advanced the property to the drill stage (see PR #09-10, 26 May '09), and the very prospective Bottle Creek gold-silver project in Nevada.

Paul Pitman, P.Geo, is the Qualified Person as defined by National Instrument 43-101 for the Kellyn and Montrose Projects.

"The statements in this Press Release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not approved or disapproved of the information contained in this Press Release."

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