Galahad Metals Increases Land Position at Regcourt Gold Property

OTTAWA, ONTARIO, Nov 02 (MARKET WIRE) --
Galahad Metals Inc (TSX VENTURE: GAX) is pleased to report that the
Company is continuing its' investment in Quebec's exploration rush for
gold through enlargement of its land holdings around the Regcourt
property. The Regcourt Property hosts a small gold deposit discovered on
surface by trenching in 1944. The original Regcourt Lease consisted of
69.33ha; in October the Company expanded this project to 76 claims or
2,298.75ha.

Work is progressing on a 3-D evaluation of the surface and underground
data. Mr. Robin Dow reports; "There are few places in Canada better than
the Abitibi greenstone belt, and the Quebec portion tops the list.
Galahad has increased its' land position significantly for this reason".

Martin Bourgoin, P.Geo, is the Qualified Person as defined by National
Instrument 43-101 for the Regcourt Project.

"The statements in 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. The TSX Venture Exchange has not approved or disapproved
of the information contained in this Press Release."

Contacts:
Robin Dow, President, C.E.O
1-888-834-7708
robin@dowgroup.ca

In Vancouver:
Wayne Meredith
1-604-569-2509
wayne@dowgroup.ca

In Toronto:
Gus Garisto
1-416-607-6023
gus@baystreetconnect.com

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