Galahad Metals Inc. ("Galahad") (TSX VENTURE:GAX) announced today the engagement
of MRB & Associates Mining Consultants ("MRB") to initiate the first phase of a
proposed 36 hole, 5000 metre diamond-drilling programme on Galahad's Regcourt
Project ("Regcourt"), 30 km east of Val-d'Or, Quebec. Four deep holes totaling
2000 metres have been proposed as part of this drilling campaign. 


Mike Zamora, President of Galahad stated "We are looking forward to the
initiation of this drill programme to further delineate the extent of gold
mineralization at Regcourt. We are confident that it will enhance our
understanding of the gold-bearing quartz-vein system and will help guide future
exploration. Our intent is to aggressively drill Regcourt in order to prove up a
significant resource."


MRB, who are managing the operations of the Regcourt Project, have designed a
drill programme based on a comprehensive Gemcom 3-D model that has been updated
with results from the last drill programme. Drilling is scheduled to commence in
late Q1-2012 to early Q2-2012. Historic drill programmes designed by MRB from
the Gemcom model at Regcourt have consistently intersected gold mineralization.


The current exploration programme is being supervised by John Langton (P.Geo) of
MRB & Associates, 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.
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