GALWAY INTERSECTS 36.0 M OF 8.9 G/T GOLD IN WIDER INTERVAL OF 125.0 M OF 3.8 G/T GOLD

TORONTO, April 26 /CNW/ --
TORONTO, April 26 /CNW/ - Galway Resources Ltd. (GWY: TSX-V) is pleased to announce assay results from four additional drill holes
from its diamond drill exploration program on the Company's California
property in Colombia. Galway's California property, which is not
subject to development restrictions associated with Páramo legislation,
is located adjacent to, along strike southwest of, and at lower
elevations than Ventana's La Bodega/La Mascota project, and 3 km from
Greystar's Angostura project. Galway also owns a previously-reported
360 meter-long fractional land position within Ventana's main La
Mascota mineralized structure (refer to Galway's December 15, 2010 press release for details). Ventana has been acquired by AUX Canada, a
company owned by Mr. Eike Batista, for in excess of $1.5 billion in
cash.

Two of the new holes, GWY-97 and GWY-99, were drilled in the Pie de
Gallo Zone. Hole GWY-99 has intersected 125.0 meters grading 3.8 grams per tonne gold (g/t Au) beginning 13.5
meters downhole, including 36.0 meters of 8.9 g/t Au (which includes
9.5 meters of 28.7 g/t Au and 1.0 meter of 33.3 g/t Au) and 4.5 meters
of 13.2 g/t Au. This is on the same line and below hole GWY-91, which had returned 76.0 meters grading 3.3 g/t Au, including 2.0 meters of 64.3 g/t Au and
8.0 meters of 11.4 g/t Au. Importantly, assays have only been received for the first 140 metres of
GWY-99. Assays reported in this press release are fire assayed with an
AA with gravimetric finish; follow-up screen assays are pending.

'We are very excited with the drill results, particularly considering
hole 99 holds 5 individual assays over 30.0 g/t Au, and 9 assays over
8.0 g/t Au. We're calling hole 99, 'The Great One',' cites Robert
Hinchcliffe, President and CEO of Galway Resources.

Pie de Gallo Zone:

GWY-99 (Results from the first 140 meters)

    --  125.0 meters grading 3.8 g/t Au and 11.9 g/t silver (Ag),
        including 36.0 meters of 8.9 g/t Au (which includes 9.5 meters
        of 28.7 g/t Au and 1.0 meter of 33.3 g/t Au), 4.5 meters of
        13.2 g/t Au, 1.0 meter of 8.1 g/t Au and 1.0 meter of 10.9 g/t
        Au

GWY-97

    --  1.0 meter grading 151.5 g/t Au and 73.1 g/t Ag
    --  33.0 meters grading 1.9 g/t Au, including 1.0 meter of 18.4 g/t
        Au
    --  12.5 meters grading 2.2 g/t Au, including 1.0 meter of 11.9 g/t
        Au
    --  5.0 meters grading 5.9 g/t Au, including 1.0 meter of 25.7 g/t
        Au
    --  17.5 meters grading 1.7 g/t Au, including 1.0 meter of 7.5 g/t
        Au
    --  9.0 meters grading 1.5 g/t Au

Visible gold was seen from 21 to 23 meters in GWY-99. Poor core recovery
in hole GWY-99 from 191.5 to 194.5 meters, in the middle of a
strongly-mineralized interval, has led Galway to drill a twin hole -
GWY-107. This hole will provide a complete cut through the missing area
and test the continuity of the mineralization. Galway believes
potential for high grade gold as well as lower grade bulk-mineable
resources has been demonstrated by the first 99 core holes drilled to
date.

One hole was drilled in the gap area to follow up on holes GWY-76 (16.5
m grading 8.1 g/t Au), GWY-87 (99.0 m grading 1.3 g/t Au), and GWY-84
(39.0 m grading 2.1 g/t Au, including 1.5 m of 17.4 g/t Au and 1.5 m of
9.5 g/t Au plus 12.0 m grading 5.0 g/t Au, including 4.5 m of 12.2 g/t
Au, which also includes 1.5 m of 28.2 g/t Au, plus 7.5 m grading 5.4
g/t Au and 10.9 g/t Ag, including 1.5 m of 22.9 g/t Au, plus 18.4 m
grading 2.3 g/t Au and 10.4 g/t Ag, including 3.0 meters of 7.7 g/t Au
and 32.7 g/t Ag) (refer to Galway's February 9, 2011 and March 1, 2011 press releases for details). Mineralization encountered in GWY-96
correlates with intersections above it from hole GWY-11 (21.0 m grading
1.1 g/t Au and 1.5 m grading 16.4 g/t Au), and appears to correlate
well with intercepts reported for GWY-76, GWY 84, GWY-79, GWY-82,
GWY-85 and GWY-87 located to the northeast, displaying the same steep
north dip seen across the Camp.

Gap Area (between Pie de Gallo and Northeast Zones):

GWY-96

    --  7.0 meters grading 5.8 g/t Au and 23.6 g/t Ag, including 1.0
        meter of 25.6 g/t Au
    --  49.0 meters grading 1.9 g/t Au, including 5.0 meters of 7.3 g/t
        Au and 1.0 meters of 13.2 g/t Au
    --  4.0 meters grading 4.8 g/t Au, including 1.0 meter of 15.5 g/t
        Au
    --  19.0 meters grading 1.4 g/t Au, including 4.0 meters of 4.2 g/t
        Au
    --  25.0 meters grading 1.0 g/t Au, including 1.0 meter of 4.5 g/t
        Au

Exploration was conducted to the south of the main mineralized corridor,
with a drill hole targeting mineralization below small-scale workings
and west of recent drill successes on neighboring Ventana ground (where
they call these FW zones). Multiple narrow intersections were returned.

Exploration Footwall Zones:

GWY-98

    --  10.0 meters grading 2.7 g/t Au and 12.4 g/t Ag

A complete summary of drill hole assay results is provided in Table 1. All maps and sections associated with this press release can be found
on Galway's website at www.galwayresources.com. A 0.5 g/t Au lower cutoff grade was applied in determining all
intervals provided in this news release. No upper cutoff grade was
applied.

Drill holes completed in the Pie de Gallo Zone were drilled generally at
25 to 30 meter centers. These holes continue to extend continuity of
mineralization both vertically and laterally along structure in
multiple overlapping lenses typical of the district. Mineralization in
the Pie de Gallo Zone remains open in all directions. Drilling is
continuing with 3 drills targeting gap areas between the San Celestino,
Pie de Gallo and Northeast Zones.

Mineralization


Intercepts reported above and in previously reported drill holes are
hosted by silicified zones, breccias, fracture zones and stockwork,
typical of the district, which includes Greystar Resources' and Ventana
Gold's National Instrument 43-101 compliant resources, Angostura and La
Bodega, respectively. The principal geologic control in the
California-Angostura District is a linear structural corridor that
trends northeast-southwest and dips steeply to the north. Segments of
this zone host the resources reported by both Greystar and Ventana, and
Galway is exploring another segment along the same structural corridor.
The entire corridor may be one continuous mineralized zone through all
three properties. The mineralized Zone identified on Galway's
properties to date is approximately 150-200 meters wide and 1,000
meters long, characterized by hydrothermal alteration and
mineralization within various phases of pervasively altered intrusive
porphyries. Mineralization remains open along strike where untested, at
depth along the entire Zone, and across the width of the structure in
most places.

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 are assayed by ALS Chemex in Lima, Peru, after
preparation at the Chemex facility in Bogota, Colombia. All core is
under watch from the drill site to the core processing facility.
Samples are fire assayed with an AA with gravimetric finish. Samples
returning in excess of 3.0 g/t Au are sent for metallic screens. Assays
reported in this press release may have screen assays pending and will
be updated in the table on the website as needed. The Company's QA/QC
program includes the regular insertion of blanks and standards into the
sample shipments, as well as instructions for duplication. Standards
are inserted at one per 20 samples. Approximately five percent (5%) of
the pulps and rejects are sent for check assaying at a second lab with
the results averaged and intersections updated when received. True
widths are unknown at this time, except for those shown. Core recovery
in the mineralized zones has averaged over 92%.

About the Company


Galway Resources is a well capitalized company, primarily focused on the
exploration of gold and coal in Colombia. The core focus of the Company
is gold exploration in northeast Colombia, with drill programs
occurring at the California and Vetas gold projects. The Company has
also reported that drilling occurred in 2010 at the GALCA coal project,
which is being managed and funded by Prodeco, the Colombian subsidiary
of Glencore. Efforts are underway to secure access from GALCA property
owners to move the drill rig to the next set of planned drill sites.

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.

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Galway Resources Ltd.
Investor Relations
1-800-475-2412
www.galwayresources.com