Gallery Resources Limited

Gallery Resources Limited

August 11, 2005 14:13 ET

Gallery Resources Achieves 50% Ownership of the Shabogamo Project, Western Labrador, Canada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 11, 2005) - Gallery Resources Limited (TSX VENTURE:GYR) of Vancouver, B.C. is very pleased to announce it has received notice from its partner, global resources company, BHP Billiton that "Gallery has met the requirement of the option to vest a 50% interest in the Shabogamo Property by completing C$1M of expenditures." (Please view BHP Billiton's acknowledgment letter on Gallery's web site at Gallery had until December 21, 2006 to complete the expenditure and with this early earn-in now owns a 50% interest in the 4,320 claim, Nickel-Copper-Cobalt (Ni-Cu-Co) property, situated in western Labrador, Canada.

Gallery will continue to operate the 50/50 Joint Venture phase of exploration which will focus on continued testing of further drill targets. BHP Billiton observes the repeated sulphide intersections within the Shabogamo Gabbro are the first ever, and the airborne electro-magnetic surveying recently completed over the property is likely to provide further drill targets for the 50/50 Joint Venture.

Mr. Bruce Costerd, President of Gallery Resources, acknowledges that the support received from BHP, to date, has played a major role in advancing the project. He states, "the contributions made by BHP Billiton, especially the interpretation of airborne survey results, have led to the successful intersections of the Ni-Cu-Co enriched sulphide mineralization at Evening Lake." Both Gallery and BHP Billiton are "looking forward to the assay results from the most recent sulphide intersections in late July", and anticipate testing further drill targets before the end of the 2005 summer season.

Bruce Costerd, President & C.E.O.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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