Galahad Metals Inc.

Galahad Metals Inc.

July 30, 2009 09:30 ET

Galahad Metals Inc.: Appointment of CFO and Stock Option Grant

OTTAWA, ONTARIO--(Marketwire - July 30, 2009) - Galahad Metals Inc. ("GAX") (TSX VENTURE:GAX) announced today that the Board of Directors has appointed Mr. Sabino Di Paola, C.A., as Chief Financial Officer for the Company. Mr. Di Paola has several years experience working as an auditor with two national audit firms. He also brings with him an expertise in Canadian accounting and auditing standards.

The Board of Directors of GAX approved the grant of 100,000 stock options in the Company at a price of $0.10 expiring July 29, 2014, to Mr. Di Paola and 50,000 stock options to two contractors.

"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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