Galahad Metals Inc. announced that it has appointed Mr. Larry Hoover as the Interim Chief Financial Officer. Mr. Hoover has been a director of the company since October 2010. Mr. Hoover is also a director and C.E.O. of Red Ore Gold Inc.

Galahad Metals Inc. announced that the company had received a letter of resignation from Mr. Sabino Di Paola. Mr. Di Paola has resigned for personal reasons, as Chief Financial Officer effective immediately.

Galahad Metals Inc. has received complete assay results from the 2012 diamond-drilling programme at its Regcourt gold Property, 30 km east of Val d'Or, QC. This latest campaign comprised 5 drill-holes, totaling 1,572 metres (m) that targeted near- surface flat veins, as well as projected down-dip extensions of veins intersected by previous drilling. The company reported that all five (5) drill holes of the 2012 operations encountered numerous, narrow quartz-tourmaline veins (1-4 cm) and veinlets (less than 1 cm), with local disseminated sulphide mineralization. Both flat and steep quartz-vein orientations were intersected, and mineralized zones were observed discontinuously from 30 metres to 300 metres down-hole. Hole RG-12-04 was abandoned after it penetrated a cavity, assumed to part of the historic Regcourt Gold Mine workings, at 168 metres down-hole. All the drilling successfully intersected the targeted sulphide-bearing, gold-mineralized quartz veins in close proximity to the historic Regcourt Gold Mine workings. A total of 849 core samples were collected from recovered core and sent to ALS Chemex Laboratories in Val-d'Or, QC, for multi-element analysis. Gold content was determined using standard Fire-Assay methods. To date, Galahad has completed 25 surface drill-holes, totaling 7,068 metres, on the Property, which hosts the historic Regcourt Gold Mine deposit. The gold deposit is hosted by a granodiorite stock that intrudes mafic and intermediate volcanic rocks of the Malarctic Group. Characteristics of the Regcourt Deposit include: narrow, high-grade dilatant lenses; within a high-strain zone that is associated with a major, regional dislocation (i.e., the Larder Lake-Cadillac Break); sub-vertical and "flat" quartz and carbonate vein system; and free gold and attendant gold-bearing, pyrite-tourmaline alteration zone.