Galahad Metals
4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)
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Contractor Shares Proposed Issue

posted on Jun 03, 09 03:25AM
June 2, 2009
Galahad Metals Inc.: Contractor Shares Proposed Issue
OTTAWA, ONTARIO--(Marketwire - June 2, 2009) - Galahad Metals Inc. (TSX VENTURE:GAX) ("Galahad" or the "Company") announced today that, subject to TSX-V approval, and the approval of the shareholders at the Annual General and Special Meeting, called for July 24, 2009, Galahad proposes to issue 575,000 common shares at a price of $0.10 to certain contractors in lieu of cash for services.

Robin Dow, CEO is to receive 425, 000 shares in lieu of management fees of $42,500 and Paul Pitman, P. Geo. is to receive 150,000 shares in lieu of $15,000 of consulting fees.

For more information about Galahad Metals please visit our website: www.galahadmetals.com
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