Galloway Energy Inc.
PINK SHEETS : GWGI

Galloway Energy Inc.

May 09, 2008 15:21 ET

Galloway Energy Inc. (GWGI) Announces Appointment of Francis D.A. Forbes to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2008) - Galloway Energy Inc. (PINK SHEETS:GWGI) ("The Company") is pleased to announce that Francis D.A. Forbes III has agreed to represent the company on its Board of Directors. The addition of Mr. Forbes will serve the company's need for expansion into the North American mineral markets as he specializes in introducing companies to Mexico.

The Fraser bend claims are situated in the legendary Cariboo mining district in central British Columbia. The claims are central to the famous Gold Rush Trail and on the high gold bearing structure referred to as the Fraser Bend Formation stretching all the way to the Yukon. The Cariboo is one of the most strategic, high potential placer gold bearing areas in BC.

This initial exploration property is in keeping with the company's objective of defining and acquiring interests in underdeveloped and overlooked properties that are now deemed economical due to significant global increases in both demand and prices of commodities.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information

  • Galloway Energy Inc.
    Shane Lowry
    President
    (206) 973-2483
    or
    Galloway Energy Inc.
    Investor Relations
    (206) 973-2483
    Website: www.gallowayenergyinc.com