Galore Resources Inc.

Galore Resources Inc.

July 14, 2010 09:00 ET

Galore Confirms Anomalies in Final IP Report at Dos Santos

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2010) - Galore Resources Inc. (TSX VENTURE:GRI) verifies results on an extensive Induced Polarization (IP) chargeability and magnetic anomaly on the northern of three grids in the La Palma area of Galore's wholly owned Dos Santos Property in Zacatecas State, Mexico. Geofisica TMC, of Mazatlan, Mexico, confirmed the results in a report to Galore. These anomalies were first reported by independent geophysicist, J.L. LeBel, P. Eng. in Vancouver, BC, and mentioned in Galore's press release of June 07, 2010.

Geofisica TMC completed 70.9 line-kilometres of IP and 66.7 line-kilometres of magnetometer survey on three grids with a line spacing of 200 metres. The best results were obtained on the La Palma grid where a 160 hectare area chargeability and magnetic anomaly was defined on seven lines, spaced 200 metres apart. This chargeability anomaly is up to 1,400 metres wide and is delineated over a 1,200 metre strike length and appears to be open to the west. The interpreted depth and size of the anomaly is consistent with the Camino Rojo gold-silver-lead-zinc deposit model, located south of the La Palma area. Similar geophysical techniques were used to outline the Camino Rojo mineralization.

Further geophysics and a diamond drill program are planned for the La Palma anomaly. A western extension of the La Palma grid chargeability anomaly may be a separate anomaly. An IP program to fully outline this target is planned.

The survey results on the central and southern grids reflect a marked decrease in resistivity in these two areas. This decrease was interpreted to be caused by a shallow conductive layer. The IP response was low at depth and did not reach the depths required to identify an oxidizing mineralized body. The magnetic response delineated two weaker linear trends and further exploration is planned in these areas.

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. To find out more about Galore Resources (TSX VENTURE:GRI) please visit our website at

Michael W. Byrne, President

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