Galahad Metals Inc.
TSX VENTURE : GAX

Galahad Metals Inc.

November 02, 2009 10:00 ET

Galahad Metals Increases Land Position at Regcourt Gold Property

OTTAWA, ONTARIO--(Marketwire - Nov. 2, 2009) - Galahad Metals Inc (TSX VENTURE:GAX) is pleased to report that the Company is continuing its' investment in Quebec's exploration rush for gold through enlargement of its land holdings around the Regcourt property. The Regcourt Property hosts a small gold deposit discovered on surface by trenching in 1944. The original Regcourt Lease consisted of 69.33ha; in October the Company expanded this project to 76 claims or 2,298.75ha.

Work is progressing on a 3-D evaluation of the surface and underground data. Mr. Robin Dow reports; "There are few places in Canada better than the Abitibi greenstone belt, and the Quebec portion tops the list. Galahad has increased its' land position significantly for this reason".

Martin Bourgoin, P.Geo, is the Qualified Person as defined by National Instrument 43-101 for the Regcourt Project.

"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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