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OTTAWA, ONTARIO--(Marketwire - May 7, 2012) - Galahad Metals Inc. ("Galahad") (TSX VENTURE:GAX.V - News) is pleased to report that all five (5) drill holes of the 2012 campaign intersected numerous, narrow quartz-tourmaline veins (1-4 cm) and veinlets (less than 1 cm), with local disseminated sulphide mineralization. Both flat and steep quartz-vein orientations were encountered, and mineralized zones were noted discontinuously from 30 m to 300 metres down-hole.

However, Galahad has been notified that there will be a delay in reception of assay results from the 2012 Phase I diamond-drilling programme at its Regcourt Property, 30 km east of Val-d'Or, Quebec.

MRB & Associates (MRB) of Val-d'Or, QC, who are managing the operations of the Regcourt Project, were obliged to relocate their core logging/sampling facility during the latter part of April. Unfortunately the move could not be delayed until after the detailed sampling of the Regcourt drill-core was completed.

MRB's new core facilities are up and running, and the stream of Regcourt Project samples to ALS Chemex of Val-d'Or has recommenced.

The current exploration programme is being supervised by John Langton (P.Geo) of MRB, a Qualified Person as defined by National Instrument 43-101 for the Regcourt Project, who has approved the contents of this release.

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

1-905-483-1155
Mike Zamora, President
mike@dowgroup.ca

Wayne Meredith
In Vancouver:
1-604-569-2509
1-855-569-2509
wayne@dowgroup.ca

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