Galahad: Regcourt Drilling Update

Galahad Metals Inc. ("Galahad") (TSX VENTURE:GAX) 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.