Galena International Resources Ltd.: Withdrawal of Full Mining License Application

Galena International Resources Ltd. (TSX VENTURE:GTO) (the "Company") wishes to
report that it has given notice to the Directorate General for Energy & Geology
("DGEG"), a division of the Ministry of Economy and Innovation of the Government
of Portugal, to withdraw its application for a Full Mining License as it
pertains to the Jales/Gralheira project (the "Application") in Northern
Portugal.


The Company determined that the development of the property at the current time
would prove detrimental to the Company and its shareholders. This is
particularly relevant, given the severe economic crisis in several of the Euro
Zone countries and the technical issues associated with the final recovery of
precious metals from highly arsenical concentrates. In addition there are
environmental issues that may arise relating to the disposal of residues
containing high amounts of arsenic.


The Company has submitted its formal notice of withdrawal to the DGEG. This has
been accepted by the DGEG who have posted notice of the relinquishment of the
property on the DGEG web site. Official notice of relinquishment will shortly be
published in the "Diario da Republica" (the official Government Gazette). The
Company has no further obligations to the Jales/Gralheira project.


The Company is continuing to examine other mineral exploration opportunities.

On behalf of the Board of Directors

Randy Turner, Director

This news release may contain forward looking statements regarding the ongoing
and upcoming exploration work and expected geometry of geological formations and
structures. Actual results may differ materially from those currently
anticipated in such statements.