Kalahari Copperbelt Drilling – Update

The Company is pleased to report that the second hole of its' reverse circulation ("RC") drilling on its 100% owned prospecting licence PL253 in the Kalahari Copperbelt ("KCB") of Botswana has intersected a wide interval containing intermittent visible copper mineralisation.

Highlights

• Two of the four RC holes planned to test geochemical and geological/structural features on PL253 in the northwestern part of the KCB were completed to date on a previously undrilled target.
• The second vertical hole of the programme, QTRC014, intersected a 61m-wide zone of intermittent, visible copper oxides in rock chips in the form of malachite and chrysocolla from 75m to 136m depth.
• The mineralisation appears to be primarily associated with quartz veining within the D'Kar Formation - further study is required to identify the presence of primary copper sulphides.
• Drill samples will now be prepared for initial geochemical testing by hand-held pXRF, to be followed by full laboratory assay.
• Two further holes on a separate target are expected to be completed shortly.
• The Galileo target zone lies in the vicinity of the prospective D'Kar/Ngwako Pan contact with an accompanying soil anomaly and an interpreted thrust fault along strike from the BHP/Cobre Tlou prospect on an adjoining licence.

Colin Bird Chairman & CEO said: "It is very pleasing that we have made an early copper intersection in our RC drilling programme on PL253 as we were essentially drilling a blind target based on soil geochemistry and geophysical interpretation of the geology. There is much recent interest in this northwestern part of the KCB and Galileo is well positioned in relation to the recognised prospective stratigraphy of the area.

We will continue to keep shareholders informed as our drilling progresses."

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