Galore Resources Inc.

Galore Resources Inc.

January 25, 2012 09:00 ET

Galore Drills 2.22 g/t Gold Over 17.5 Metres at El Alamo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2012) - Galore Resources Inc. (TSX VENTURE:GRI) completed a track-drill sampling program on its El Álamo claim, part of the Company's 100%-owned Dos Santos project in the Mazapil-Camino Rojo trend of the Concepción del Oro district, Zacatecas, Mexico. The program results produced strong gold numbers that justify a more extensive exploration program at El Álamo.

A total of 32 shallow holes were drilled on the El Álamo claim, with assay results from 20 of the holes resulting in significant gold intercepts. In addition to results announced on December 6, 2011 (shown in map table below), the best intervals from the most recent assays include:

Hole A1 1.04 g/t gold over 6.1 metres, from 2.15-8.25 metres near surface.
Hole A10 2.22 g/t gold over 17.5 metres from 0-17.5 metres starting at surface.
Hole A11b 1.23 g/t gold over 3.05 metres, from 2.3-5.3 metres near surface.

All results (drill-hole locations and trench results) on El Álamo are shown in the following table:

"We are extremely encouraged with the gold results from the track-drill program at El Álamo. The results have confirmed that gold mineralization from previous trenching extends below the surface and gold mineralization at El Álamo is open at depth in all directions. These exploration-drilling results have assisted Galore considerably in identifying deeper targets for inclined drilling while demonstrating increased potential for a significant gold deposit on Dos Santos," said Michael Byrne, President.

Drilled widths are reported. True widths and the shape of mineralization have not yet been determined. A conventional track-mounted percussion drill was used due to the steep terrain at El Álamo. Such drills are limited to vertical drill holes of approximately 30-metre depths. The drill rig is rented and operated by Galore personnel to execute the drilling cost-effectively, without dependence on drilling contractors. The track-drill program at El Álamo was successful and we are currently using it to drill on the Los Gemelos claim at Dos Santos.

This exploration program is intended to give insight into 3D geometry and shape of any potential body of mineralization, as well as grade distribution below the surface. It is not intended to be compliant for defining resources. Reverse circulation and/or core drilling will be used once the character of the deposit is better understood. The program has confirmed that gold mineralization exposed by trenching at the surface can now be extended to shallow depths, with the potential to expand deeper.

Samples were crushed and pulverized at ALS Minerals' Zacatecas Mineral Labs, Mexico, and fire assayed by ALS method AuAA-25 in Vancouver, Canada. Galore's QA/QC protocol includes check assays totalling about 10% of each shipment, apart from ALS internal checks, reference material "standards", blanks and duplicate pulps, as well as raw-sample field duplicates are inserted in each lot of 40 samples before shipping to Vancouver for analyses.

The Dos Santos exploration program is managed by Ing. Octavio Gonzalez, Galore's V.P. Exploration for Mexico, and Terry Brown, Galore's V.P. Exploration. Terry Brown, Galore's Qualified Person as defined by NI 43-101, has reviewed and approved the contents of this News Release. 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

Explore. Drill. Discover.

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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