Galahad Metals Inc.
TSX VENTURE : GAX

Galahad Metals Inc.

June 09, 2009 16:15 ET

Galahad Metals Inc.: Contractor Shares Proposed Issue Amended

OTTAWA, ONTARIO--(Marketwire - June 9, 2009) - Galahad Metals Inc. (TSX VENTURE:GAX) ("Galahad" or the "Company") announced today that Galahad proposes to amend the issuance of contractor shares from 575,000 to 740,000 common shares at a price of $0.10, in lieu of cash for services as per the amended Form 4E submitted to the TSX-V June 8, 2009. The issuance of these shares is subject to TSX-V approval, and the approval of the shareholders at the Annual General and Special Meeting, called for July 24, 2009.

The additional shares are for Robert W. Schellenberg (82,500) and Barbara J. Evers (82,500) for accounting services.

For more information about Galahad Metals please visit our website: www.galahadmetals.com

"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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