Galahad Metals Inc. ("GAX" or the "Company") (TSX VENTURE:GAX) - Effective
January 18, 2012, Mr. Robert Schellenberg and Mr. Michael Newman resigned from
the Board of Directors of the Company. Mr. Schellenberg and Mr. Newman have
agreed to continue to make themselves available to the Company from time to time
as part of an ad hoc advisory committee. They will not be paid by the Company
for these advisory roles. The Company would like to thank both gentlemen for
their contribution to the Company while members of the Board.


Effective October 3, 2011, Mr. Stephen Coates was appointed to the Board.

Stephen Coates is a founder and principal of Grove Capital Group, specializing
in the incubation and development of new resource companies across the world.
Mr. Coates previously founded and served as CEO of TSX-listed Homeland Energy
Group and spent more than 12 years in the resource and financial industries. Mr.
Coates is a graduate of Kings College at the University of Western Ontario in
London, Canada. He also served two years with the Government of Ontario ending
as Special Assistant to then Premier Mike Harris. Mr. Coates is also a director
of Pueblo Lithium Inc, and Desiree Resources Inc., both private Dow Group
companies.


For further information, please go to www.galahadmetals.com.

This Press Release may contain forward looking statements that involve a number
of risks and uncertainties. Actual events or results could differ materially
from the Company'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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