On May 3, 2024, Galway Metals Inc. closed the transaction. The company has issued 238,095 traditional flow-through units of the corporation at a price of CAD 0.42 per traditional FT unit for aggregate gross proceeds of CAD 99,999.90 in its second and final tranche closing bringing the total gross proceeds of the private placement to CAD 4,519,984.26. Pursuant to applicable Canadian securities laws, all securities issued in connection with the second tranche private placement are subject to a hold period of four months and one day, expiring on Sept.

4, 2024. The private placement remains subject to the final approval of the TSX Venture Exchange.