FYI Galena Capital Corp

Galena Capital Corp. (TSX VENTURE:FYI) (the "Company" or "Galena"), is pleased
to announce the initiation of the drill program on the Melissa project located
north west of Hermosillo in Mexico. Melissa is a priority one target comprising
4,900 hectares in size located in the state of Sonora, Mexico. Melissa is one of
the properties included in the portfolio of properties held by Norma Mines
Limited ("Norma Mines"), which acquisition was recently completed.


Drilling has commenced and the first hole has been completely drilled to a depth
of 210 metres. The hole contained sulfurous materials and pyrites at the bottom.
The core will be split and sent to the assay lab for processing. Initial
processing will be completed by the ALS Chemex Labs (ISO 9001:2000
certification) in Hermosillo, Mexico.


The Melissa drill program includes a further three holes, each being
approximately 300 metres in depth. We anticipate this to be completed by May
15th. At that time, we will move the drill rig to our Mercedes property which is
located 200 miles from Melissa.


Once we have the assay results from Melissa and Mercedes, we will evaluate the
merits of each and determine a further drill program for one or both of the
projects. More information on the Melissa and Mercedes project can be found on
our website at: www.galenacorp.com/properties.


CEO Arni Johannson states, "We are very enthusiastic about this project. The
infrastructure of Melissa is in place and there is the potential for open-pit
mining and near-term production."


Galena's mission statement is to aggressively build a well-financed, premiere
public company run by dedicated, experienced senior management, with projects
whereby 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 Galena
directly on the number below.


ON BEHALF OF GALENA CAPITAL CORP.,

Arni Johannson, Chairman & CEO

Galena Capital Corp (TSXV:FYI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024

Galena Capital Corp (TSXV:FYI)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024