Galena Completes Acquisition of the Norma Mines Group and Private Placement

Galena Capital Corp. (TSX VENTURE:FYI) (the "Company" or "Galena"), a Vancouver
based company listed on the TSX Venture Exchange (the "Exchange"), is pleased to
announce the completion of the acquisition (the "Acquisition") of all of the
issued and outstanding common shares of Norma Mines Limited ("Norma Canada") and
the concurrent closing of the previously announced C$3,000,000 brokered private
placement.


The Acquisition

Pursuant to the Acquisition, Galena acquired all of the issued and outstanding
securities of Norma Canada, a British Columbia company, in consideration of the
issuance of 4,200,000 common shares of the Company. These common shares are
subject to a four month hold period that expires on July 21, 2008.


Norma Mines Limited is the parent company of both Norma Mines S.A. de C.V., a
Mexican private company, and Norma Peru S.A., a Peruvian private company
(collectively with Norma Canada, the "Norma Mines Group"). These companies hold
rights in and to the gold and silver exploration properties discussed below
under "Description of Properties".


The Norma Mines Group currently employs more than a dozen exploration geologists
and mining engineers, headed by Norma Canada's President Danson Tolman, who
collectively possess extensive experience in mineral exploration and mining
operations in Latin America and South America and have an extensive network of
contacts from which to access additional properties.


"By completing the acquisition of the Norma Mines Group, Galena has acquired
rights to aggressively pursue and aggregate highly prospective gold, silver and
other metal projects in Latin America and South America. The acquisition of the
Norma Mines Group involved both the acquisition of outstanding properties and
expertise that we expect will assist Galena in executing its three step business
plan introduced to investors when its Qualifying Transaction closed in November
2007," Arni Johannson, CEO & Chairman of Galena comments.


Concurrent Financing

Concurrent with the closing of the Acquisition, the Company closed a brokered
private placement of 1,500,000 units at a purchase price of $2.00 per unit for
aggregate gross proceeds of $3,000,000. Each unit consists of one common share
of the Company and one-half of one transferable common share purchase warrant.
Each whole warrant entitles its holder to purchase one additional common share
of Galena at a purchase price of $2.50 for a period of two years from the
closing of the private placement. The net proceeds of the private placement will
be used to fund the costs of initial exploratory exploration work on the
properties listed below to further evaluate their potential and for general
working capital purposes in operating the Galena group of companies.


Canaccord Capital Corporation acted as the Company's agent for the purpose of
finalizing the private placement and has been paid a cash fee of 7% of the gross
proceeds of the private placement, agent's warrants to purchase that number of
common shares in the capital of the Company that equals 7% of the number of
units issued under the private placement at a price of $2.50 per common share
for a period of two years from the closing of the private placement, a corporate
finance fee of 50,000 common shares and 28,750 non-transferable warrants (having
the same terms as the agent's warrants) and an administration fee.


The securities issued under the private placement are subject to a four-month
hold period expiring July 21, 2008.


Description of the Properties

Norma Canada's two subsidiaries hold certain rights in and to five prospective
mineral exploration and development projects in Mexico and Peru which cover an
area in excess of an aggregate of 30,000 acres.


Galena intends to direct its initial attention to exploration work on the Maria
project in Mexico and the Patricia project in Peru, where the Company proposes
to expend approximately $500,000 per project over the next 12 months in
preliminary exploration work with a view to completing a technical report in
accordance with National Instrument 43-101 on those projects, if any, that show
merit for more advanced development work.


Maria Project, Mexico

Pursuant to an option agreement dated October 19, 2007, Norma Mines SA de CV
holds an option until October, 2008 to acquire 100% of the legal and beneficial
interest in the San Juan Nepomuceno project for, among other things, a cash
payment of US$3,000,000. This project is an exploration-stage mineral resource
property with the principally-targeted resources being gold and silver, and is
located north of Mexico City and comprises an area of approximately 550
hectares. It hosts numerous free gold and silver structures running over an area
8 km long by 6 km wide.


Patricia, Peru

Pursuant to a mineral exploitation agreement dated December 18, 2007, Norma Peru
S.A. has the right to acquire 100% of the legal and beneficial ownership in the
Patricia properties in consideration for, among other things, paying a total of
US$2,225,000, completing a mineral exploration and exploitation program, paying
all maintenance costs on the concessions and granting the vendor a 2% Net
Smelter Return royalty over production from the concessions.


The Patricia project is located in Ancash, in north central Peru, and consists
of 10 mineral exploration and exploitation concessions totalling approximately
3,900 hectares that have numerous areas of disseminated gold mineralization in
anomalous intrusive and shale structures. More than 10 mantos have been
identified to date in the project area and preliminary work by the Norma Mining
Group has identified six anomalous areas for further evaluation.


The sample results discussed in this news release do not conform to the
standards of National Instrument 43-101 and should not be relied upon by the
reader.


Galena's mission statement is to aggressively build a well financed public
company run by dedicated experienced senior management, with projects where
production can withstand commodity fluctuations and therefore create a legacy in
Mexico and South America.


For further information please visit www.GalenaCorp.com or contact the Company
directly at the contact information provided below.


ON BEHALF OF GALENA CAPITAL CORP.

Arni Johnannson, Chairman and CEO

Some statements in this news release contain forward-looking information. These
statements include, but are not limited to, statements with respect to the
completion of transactions, the timing and amount of payments and securities
issuances, the completion of financings, the completion of Galena's three-step
business plan, the use of proceeds, future exploration, development and
production activities, future expenditures, and completion of technical reports.
These statements address future events and conditions and, as such, involve
known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the
statements. Such factors include, among others, the ability to complete
contemplated transactions, payments, share issuances and financings, the use of
proceeds, the time and success of future exploration, development and production
activities and the timing and amount of expenditures.
Galena Capital Corp (TSXV:FYI)
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