Mr. Robin Dow reports

GALAHAD METALS INC.: GEOPHYSICAL SURVEY TO COMMENCE; PHASE II DRILLING INTERSECTS QUARTZ VEIN TARGETS AT REGCOURT PROPERTY

Galahad Metals Inc. has established a cut grid in the area of the historic Regcourt gold mine shaft and Abitibi Geophysics Ltd. of Val-d'Or, Que., is slated to complete a ground induced polarization survey of the area by mid-May. These data will be integrated with the existing downhole, 3-D induced polarization survey data obtained this past winter. A second grid will be established over a granodiorite intrusion, underlying the eastern part of the Regcourt property in preparation for an upcoming, detailed exploration programme.

In addition, phase II diamond drilling is proceeding on schedule and has intersected the targeted hydrothermal quartz-tourmaline veins and stringers associated with fractures and shear zones, in the first four holes of the program. Assay results are pending.

The Regcourt property consists of 53 claims covering over 32 square kilometres in the eastern part of the Abitibi greenstone belt. The 2010/2011 exploration programme is designed to:

1. Corroborate historic drill and underground intersections around the abandoned Regcourt mine;
2. To validate the historic(i) resource of 61,000 tons of 6.49 grams per tonne gold;
3. To expand the dimensions and volume of the resource.

The current exploration program is being supervised by John Langton, MSc, PGeo, of MRB & Associates, who is the qualified person as defined by National Instrument 43-101 for the Regcourt project, and has approved the contents of this release.

(i) Galahad believes these historical estimates provide a conceptual indication of the potential of the property and are relevant to continuing exploration. These data are historical in nature and were compiled before the implementation of National Instrument 43-101 reporting standards. The company has not undertaken an independent investigation of the resource estimate or independently analyzed the results of the previous exploration work in order to verify the classification of the resources, and therefore the historical estimates should not be relied upon.

We seek Safe Harbor.

Glorieux