Galahad Metals Inc

OTTAWA, ONTARIO--(Marketwire - March 20, 2012) - Galahad Metals Inc. ("GAX" or the "Company") (TSX VENTURE:GAX.V - News) -

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.

Contacts

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

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

Sean Kingsley
Investor Relations
1-877-681-8669
s.kingsley@tridentfin.com