GXY

Galaxy Graphite Corp. (TSX VENTURE:GXY) (the "Company" or "Galaxy") is pleased
to announce that it has commenced field work on its Brownell Lake gold property,
located approximately 100 km E of La Ronge. The work program will include line
cutting, ground geophysics (VLF/Mag), mapping, prospecting and soil sampling.
This work will be managed by Mackevoy Geosciences Ltd of Williams Lake, BC. This
Phase 1 work program is expected to be completed by the end of July, 2012, with
a Phase 2 field program in early September 2012 to follow up on the results of
the current program.


Brownell Lake Property, Saskatchewan

On March 3, 2011, the Company signed a letter of Intent ("LOI") with Brownell
Lake Holdings Inc. ("Brownell") whereby Brownell agreed to grant to the Company
an option to acquire a 100% interest in seven mining contiguous claims located
approximately 100 kilometres east of La Ronge, Saskatchewan. On December 2,
2011, the Company received regulatory approval for its qualifying transaction.


Galaxy can earn a 100% undivided interest in the property in three stages by
paying an aggregate sum of CDN$825,000 to the vendors, issuing 5,000,000 Common
Shares to the vendors and spending an aggregate sum of CDN$1,250,000 on
expenditures over a three year period.


An NI43-101 Technical Report was prepared for property vendor in October 2009.
This report can be viewed on Sedar (www.sedar.com) under the company's profile.
The report concluded that the Brownell Lake project is at an early exploration
stage and additional ground geophysics, ground prospecting, geological mapping
and geochemical sampling are warranted. Significant amounts of exploration data
are available from the Saskatchewan Government and the digitization and
compilation into a GIS database will greatly enhance the framework and help
focus further work. Subsequent to compilation and further ground work,
additional diamond drilling was recommended to assess continuity of
mineralization tested in 2007 and 2008 and to evaluate the other anomalous zones
in the area.


The Olsen Lake showing has been the main subject of exploration by 101053292
Sask Ltd. receiving preliminary drilling in 2007. Follow up drilling in 2008
successfully tested lateral and down dip extensions of the first promising drill
hole, DDH BL-1. In total, 5 holes totaling 894.5 m have been drilled on the
Brownell Lake Property. The drilling results include mineralized zones
correlating between drill holes, assay values up to 13 g/t Au over 0.65 m (DDH
BL-4), composite continuous assay values of up to 1.52 g/t Au over 11.6 m (DDH
BL-4), and discontinuous composite assay values of 0.56 g/t over 17.3 m (DDH
BL-2).


Chris M. Healey P.Geo, a Qualified Person as defined by National Instrument
43-101, has reviewed and approved the technical content of this release.


ON BEHALF OF THE BOARD

Chris M. Healey, President and CEO

We seek safe harbor.

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