Galahad Metals Inc.: Resignation of CFO

August 31 20:35 2012

OTTAWA, ONTARIO — (Marketwire) — 08/31/12 — GALAHAD METALS INC. (TSX VENTURE: GAX) announced today 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 of Galahad Metals Inc., effective immediately.

The Company wishes to thank Mr. Di Paola for his efforts on its behalf during his tenure in these difficult times.

For further information, please go to .

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.

Contacts:
Robin Dow,
Chairman, C.E.O
1-888-834-7708

In Vancouver:
Wayne Meredith
1-604-569-2509
1-855-569-2509

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