Galway reports encouraging results and provides a drilling update for the California gold project

TORONTO, March 5 /CNW/ - Galway Resources Ltd. (GWY: TSX-V) is pleased to report results of additional channel samples collected from the California gold project. The channel samples were collected during the recently completed sampling program in and around the historic Pie de Gallo open pit. A total of 149 channel samples were collected from the three levels of the El Dorado mine. Sampling was done across veins and structures. Average grade for all samples is 13.3 grams per tonne gold (g/t Au). Gold values range from trace to 516.5 g/t (16.6 ounces per tonne). See Figures 1 and 2 (>http://www.galwayresources.com/s/NewsReleases.asp?ReportID=359418&_Type=News-Releases&_Title=Galway-California-Samples-Return-9.2-GT-Au-Along-130-Meters-Including-27.3-...) for details). More recent follow-up channel sampling in the Pie de Gallo area was designed to be a more comprehensive program. Samples lengths were 0.8 to 2 meters, taken across veins and structures (see Figures 1 and 2 (Lima, Peru.

Review by Qualified Person, Quality Control and Reports

In compliance with National Instrument 43-101, Mr. Mike Sutton P.Geo., is the Qualified Person responsible for the accuracy of this news release. All samples were assayed by Metallic Screen test by SGS at its Callao, Peru minerals laboratory after preparation at the SGS preparation facility in Medellin, Colombia. The Company maintains a rigorous quality control program using repeat assays, inserted blanks, and the use of certified standards from an accredited Canadian laboratory.

True widths are 75% to 100% of sample widths.

About the Company

Galway Resources is a well capitalized company, primarily focused on the exploration of gold and coal in Colombia. While the core focus of the Company at the moment is gold exploration in Colombia, the Company reported that drilling has commenced at the GALCA coal project in Colombia. The initial 19 hole drill program on the GALCA property is being managed and funded by Prodeco, the Colombian subsidiary of Xstrata.

For more details see the press release dated November 17, 2009.

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.

Forward Looking Statements:

Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian Securities Regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.