Galaxy Graphite Corp. Receives Drill Permit for Parent Graphite Property, Quebec

Galaxy Graphite Corp. (TSX VENTURE:GXY) (the "Company" or "Galaxy") is pleased
to announce that it has received a permit from the Quebec Ministere des
Ressources naturelles for a drill program on the Parent project. Drilling is
expected to commence on November 25, and will consist of approximately 800
metres in four drill holes.


Parent Graphite Property, Quebec:

The Parent property is located approximately 20 km NW of the town of Parent, PQ
and 300 km NNW of Montreal. It is located within eight km of an all-weather
highway. CN Rail provides railway service to Parent. Geologically, the project
is located within the Grenville Province, in a metasedimentary belt comprising
mainly quartzites and quartz-biotite gneisses. A field program of line cutting,
prospecting and sampling, along with ground geophysics, was recently completed.
Results are pending.


About Galaxy

Galaxy Graphite Corp (TSX VENTURE:GXY) is a publicly traded Canadian exploration
company which is focused on exploring and developing graphite properties,
especially in the Grenville geological province in eastern Canada. In addition,
the company is exploring a highly prospective gold property in northeastern
Saskatchewan, Brownell Lake.


Chris M. Healey, P.Geo, President and CEO of Galaxy, and a Qualified Person as
defined by National Instrument 43-101, has reviewed and approved the technical
content of this release.


ON BEHALF OF THE BOARD

Chris M. Healey, President and CEO

We seek safe harbor.

Neither 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 release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Galaxy Graphite Corp.
[phone]
[phone] (FAX)