KRD Kernow Resources & Developments Ltd. (Tier2)

Galena International Ltd. (TSX VENTURE:GTO.P) ("Galena") and Kernow Resources &
Developments (TSX VENTURE:KRD) ("Kernow") are pleased to announce that the TSX
Venture Exchange (the "Exchange") has accepted Galena's qualifying transaction
(the "Qualifying Transaction").


As previously disclosed in Galena's news release dated September 21, 2009, and
updated on December 31, 2009 and February 19, 2010, the Qualifying Transaction
involved the amalgamation of Kernow with Green Bull Energy Inc. ("Green Bull")
to form an amalgamated company, Green Bull Resources Ltd. ("GBR"), and the
acquisition by Galena of all of the issued and outstanding shares of GBR by way
of a share exchange, resulting in GBR becoming a wholly-owned subsidiary of
Galena (collectively, the "Amalgamation").


The Amalgamation was completed on Friday, February 26, 2010 pursuant to which
Kernow shareholders received an aggregate of 6,572,686 Galena common shares,
representing one (1) Galena common share for every three (3) common shares of
Kernow. In addition, Galena assumed all of Kernow's currently outstanding
options, resulting in an aggregate of 575,935 Galena common shares being
reserved for issuance pursuant to such options. Green Bull shareholders received
an aggregate of 3,000,000 Galena common shares, representing one Galena common
share for every 1.864 common shares of Green Bull. Following completion of the
Amalgamation, Galena now has 22,227,686 common shares issued and outstanding.
For a detailed discussion of the Qualifying Transaction, see Galena's Filing
Statement dated February 15, 2010 and filed on February 17, 2010, available on
SEDAR at www.sedar.com.


It is expected that the common shares of Galena will resume trading at the
opening of the market on Monday March 8, 2010 under the symbol "GTO" and the
common shares of Kernow will be delisted from the Exchange. Galena will be
listed as a Tier 2 Mining Issuer.

Kernow Resources & Developments Ltd. (Tier2) (TSXV:KRD)
Historical Stock Chart
From May 2024 to Jun 2024

Kernow Resources & Developments Ltd. (Tier2) (TSXV:KRD)
Historical Stock Chart
From Jun 2023 to Jun 2024