Galway Gold Inc. Announces Results of Special Meeting

TORONTO, ONTARIO--(Marketwired - Aug. 11, 2015) - Galway Gold Inc. (TSX VENTURE:GLW) ("Galway Gold" or the "Company") is pleased to announce results of its special meeting of shareholders held today (the "Meeting"). A quorum of the Company's outstanding common shares as of the record date of June 29, 2015 was represented in person or by proxy at the Meeting.

At the Meeting, the Company's shareholders voted in favour of a special resolution approving the continuance of Galway Gold from the Business Corporations Act (New Brunswick) to the Business Corporations Act (Ontario), as more particularly described on pages 4 to 9 of the Company's management information circular dated June 29, 2015 (the "Circular"). Articles of Amendment were filed with the Ministry of Government and Consumer Services immediately following the Meeting and it is expected that the continuance will take effect prior to close of business on August 12, 2015. An amendment to the Second Amended and Restated By-Law Number 1 of the Company, as more particularly described in the Circular, was also confirmed and ratified by shareholders of Galway Gold at the Meeting.

CAUTIONARY STATEMENT: 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 of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Galway Gold's objectives, goals and future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, an inability to effect the continuance of Galway Gold from the Business Corporations Act (New Brunswick) to the Business Corporations Act (Ontario). Although Galway Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Galway Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.