Galore Resources Inc.

Galore Resources Inc.

December 08, 2010 08:30 ET

Galore Completes Drilling on La Palma & Receives Analyses from El Alamo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2010) - Galore Resources Inc. (TSX VENTURE:GRI) provides an update on the completion of diamond drilling on its La Palma target, located at the southern end of the Dos Santos property and initial assay results from a systematic trenching program at El Álamo, located at the northern end of the Dos Santos property.

La Palma

The Company reports the completion of diamond drilling on the La Palma IP target. A total of 4,973 metres of HQ core were drilled in 12 holes. Ten of the twelve holes are vertical and range in length from 152 to 539 metres. Drill core logging and splitting of all the core continues, with weekly sample shipments to the lab. Sample shipments to-date total 774 core samples with assay results pending. Drill core assay results will be announced after assays from the first 6 holes have been received.

El Álamo

The Company reports analyses from an initial 89 samples from the El Álamo claim. This claim was recently acquired through the Mexican government lottery system as detailed in the Company's news release dated September 27, 2010. The El Álamo claim is located at the northern end of the Dos Santos property, approximately 14 kilometers north from the drilling at La Palma. Galore's geologists believe the El Álamo area covers the western extension of the San Jose mineralization system.

The best sample results from early stage mapping and sampling of the area are as follows:

Sample   gold grams/tonne   Sample Interval (m)
675356   19.35   0.8
675387   9.36   1.4
675272   4.45   1.1
675274   4.05   0.9
675273   3.64   1.1
675357   2.40   1.2
675355   1.97   0.4
675388   1.37   0.8
675391   1.12   1.5
675374   0.99   0.8
675271   0.89   2.0

All samples are continuous channel samples. Samples were analyzed at Acme Analytical Laboratories Ltd. in Vancouver by Aqua-Regia digestion and ICP-MS on a 30 gram sample. Only five of the 89 channel samples are below the 0.5 ppb gold detection limit. Most of the remaining samples are anomalous in gold, arsenic, antimony, barium, mercury, and thallium. A program of trenching, mapping and sampling continues on the El Álamo claim. The Company currently has 123 trench samples in the lab with analyses pending. Gold results were reported in ppb and converted to grams per tonne. Results will be announced when assays are received.

"We are pleased with the pace and efficiency of the diamond drill program at La Palma. Our staff is working diligently on completing the logging and splitting on the remaining core and we are looking forward to receiving the assays from the La Palma diamond drill program. We are also very encouraged by the gold analyses at El Álamo and are working on bringing this property to the drill ready stage," says Michael Byrne, Galore's President.

The Dos Santos exploration program is managed by Ing. Octavio Gonzalez, Galore's Vice-President Exploration for Mexico. Uwe Schmidt, P.Geo., Vice-President Exploration and Galore's Qualified Person as defined by Canada's National Instrument 43-101, is responsible for supervising the Dos Santos program.

Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits with an emphasis on gold in Mexico and base metals in British Columbia.

Michael W. Byrne, President

Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company. No securities commission or similar regulatory authority has passed on the merits of or reviewed the information contained herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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