Gallery Resources Limited
TSX VENTURE : GYR

Gallery Resources Limited

June 06, 2005 16:05 ET

Gallery Resources Limited: Press Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 6, 2005) - Gallery Resources Limited (the "Company") (TSX VENTURE:GYR) announced that it will not be proceeding with additional closings of its non-brokered private placement of a maximum of 25,000,000 units announced February 22, 2005. The Company has completed two closings of the private placement for proceeds of $870,100 consisting of the issuance of 12,430,000 common shares and warrants.

The Company has recently completed the airborne survey on the Shabogamo Nickel-Copper-Cobalt Project and will be announcing results shortly.

The Company is currently in discussions with investors for the financing of the summer drill program on the Shabogamo Nickel-Copper-Cobalt Project.

Bruce Costerd, President & CEO

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

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