Galore Announces $750,000 Financing

Galore Resources Inc. (TSX VENTURE:GRI) announces a non-brokered private
placement of up to 7.5 Million units at a price of $0.10 per unit with an
overallotment option of an additional 15% or 1,125,000 units. Each unit (a
"Unit") will consist of one common share and one share purchase warrant. Each
warrant will be exercisable into one additional common share at a price of $0.20
per share for a period of eighteen months from the date of closing of the
financing.


The Company will pay a finders fee in connection with the private placement to
certain parties who are instrumental in introducing investors to the Company.
The finder's fee shall be equal to 8% of the amount of gross proceeds raised. In
addition, subject to compliance with regulatory requirements, finders will also
be issued finder's Compensation Options, exercisable into that number of units
as is equal to 10% of the number of Units sold to investors. Each Compensation
Option shall be exercisable for a period of 18 months into one compensation unit
at a price of $0.20 per Compensation Option. Each compensation unit shall have
the same terms as the Units issued in the private placement.


The proceeds of the offering will be used for a deep drill program on the
Company's El Alamo gold project, Mexico, and for general working capital. The
private placement and finder's fees are subject to acceptance by the TSX Venture
Exchange.


The recent track-drill program at El Alamo resulted in 20 of the 32 shallow
holes drilled showing significant gold intercepts. The best results included
2.22 g/t gold over 17.5 metres; 9.39 g/t gold over 4 metres; 4.4 g/t gold over
12 metres and 6.57 g/t gold over 8 metres. These were encouraging results at the
El Alamo claim on Galore's Mexico-based property.


Michael Byrne, President

To learn more about Galore Resources visit www.galoreresources.com.

Cautionary Note Regarding Forward-Looking Information: The Company expressly
warns readers not to rely on the information herein for investment or other
related purposes. Accordingly, any use of this information is at your own risk
and without liability to the company. The information contained herein is not,
and under no circumstances is to be construed as either a public or a private
offer or solicitation to purchase securities in the capital stock of Galore
Resources Inc. The reader is referred to his/her professional investment advisor
regarding investment or related decisions respecting the securities of the
company. No securities commission or similar regulatory authority has passed on
the merits of or reviewed the information contained herein.