Galloway Energy Inc. (GWGI) Acquires Majority Interest in Second Gold Exploration Property
May 15, 2008,
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - Galloway Energy Inc. (PINK SHEETS:GWGI), "The Company", is pleased to announce that it has entered into a formal Letter of Intent (LOI) to acquire a majority working interest in a second gold and silver exploration property. The property is strategically located to the initial property previously announced.
This second property is in keeping with the company's objective of defining and acquiring interests in underdeveloped and overlooked properties that are now deemed economical due to significant global increases in both demand and prices of commodities. The property is defined as the Fraser Claim #550719 and is situated in the Caribou Mining Division in the province of British Columbia. It is 482.322 hectares and is in an accessible location. The company feels that this property in conjunction with its initial claim gives it a stronger foothold in this area.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Galloway Energy Inc.
President
Shane Lowry
Investor Relations 206-973-2483
GALLOWAY ENERGY INC. (GWGI) ANNOUNCES APPOINTMENT OF FRANCIS D.A. FORBES TO BOARD OF DIRECTORS
May 15, 2008,
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2008) - Galloway Energy Inc. (PINK SHEETS:GWGI), "The Company", is pleased to announce that it has finalized the acquisition of the Fraser Claim in British Columbia. The company feels that this initial exploration property is in keeping with the company's objective of defining and acquiring interests in underdeveloped and overlooked properties that are now deemed economical due to significant global increases in both demand and prices of commodities.
The Fraser bend claims are situated in the legendary Cariboo mining district in central British Columbia. The claims are central to the famous Gold Rush Trail and on the high gold bearing structure referred to as the Fraser Bend Formation stretching all the way to the Yukon. The Cariboo is one of the most strategic, high potential placer gold bearing areas in BC.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Galloway Energy Inc.
President
Shane Lowry
Investor Relations 206-973-2483
GALLOWAY ENERGY INC. (GWGI) ANNOUNCES APPOINTMENT OF FRANCIS D.A. FORBES TO BOARD OF DIRECTORS
May 9, 2008,
Galloway Energy Inc. (GWGI), “The Company”, is pleased to announce that Francis D.A. Forbes III has agreed to represent the company on its Board of Directors. The addition of Mr. Forbes will serve the company’s need for expansion into the North American mineral markets as he specializes in introducing companies to Mexico.
The Fraser bend claims are situated in the legendary Cariboo mining district in central British Columbia. The claims are central to the famous Gold Rush Trail and on the high gold bearing structure referred to as the Fraser Bend Formation stretching all the way to the Yukon. The Cariboo is one of the most strategic, high potential placer gold bearing areas in BC.
This initial exploration property is in keeping with the company’s objective of defining and acquiring interests in underdeveloped and overlooked properties that are now deemed economical due to significant global increases in both demand and prices of commodities.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Galloway Energy Inc.
President
Shane Lowry
Investor Relations 206-973-2483
GALLOWAY ENERGY INC. (GWGI) ANNOUNCES MAJORITY INTEREST IN GOLD EXPLORATION PROPERTY ACQUISITION
May 7, 2008,
Galloway Energy Inc. (OTC Pinksheets: GWGI), “The Company”, is pleased to announce that it has entered into a formal Letter of Intent (LOI) to acquire a majority working interest in a gold and silver exploration property.
This initial exploration property is in keeping with the company’s objective of defining and acquiring interests in underdeveloped and overlooked properties that are now deemed economical due to significant global increases in both demand and prices of commodities.
The property is defined as the Fraser Claim and is situated in the Caribou Mining Division in the province of British Columbia. It is 482.37 hectares and is in an accessible location. The company feels that this initial claim gives it an early foothold in this area and has potential for further acquisitions and exploration.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Galloway Energy Inc.
President
Shane Lowry
Investor Relations 206-973-2483