Galahad Metals Inc.

Galahad Metals Inc.

February 27, 2012 08:00 ET

Red Ore Gold Inc. Submits TSX Venture Exchange Listing Application

OTTAWA, ONTARIO--(Marketwire - Feb. 27, 2012) -

Not for distribution to United States newswire services or for dissemination in the United States.

Galahad Metals Inc. (TSX VENTURE:GAX) is pleased to announce that Red Ore Gold Inc. ("RXX") has made application to list its common shares on the TSX Venture Exchange. Listing of RXX's common shares and their eventual trading over the TSX Venture Exchange is conditional on fulfilling all conditions required by the TSX Venture Exchange. RXX provides no assurances that such application will be accepted by the TSX Venture Exchange.

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The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws and may not be offered or sold in the United States or to "U.S. persons", as such term is defined in Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.

The statements in this press release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from RXX's expectations and projections.

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 press release.

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