GRI Galore Resources Inc

Galore Resources Inc. (TSX VENTURE:GRI) has closed its non-brokered private
placement offering of CDN $910,000 announced on June 29, 2011. The total number
of securities issued in the financing consists of 6,066,667 units priced at
$0.15 per unit.


Each unit (a "unit") consists of one common share and one share purchase warrant
(a "warrant"). Each Warrant is exercisable into one additional common share at a
price of $0.20 per share for a period of two-years, expiring August 5, 2013.


The Company has paid a cash finder's fee of $31,600 in connection with the
private placement to certain parties who were instrumental in introducing
investors to the Company. In addition, the Company issued 263,333 Finder's
Compensation Options, exercisable for a period of eighteen months at a price of
$0.20 into 263,333 common shares and 263,333 share purchase warrants. Each
warrant issued on exercise of the Finder's Compensation Option has the same
terms as the Warrants issued in the private placement. All securities issued by
the Company in connection with the private placement are subject to a statutory
hold period and may not be traded until December 6, 2011.


The proceeds of the placement will be used to execute an exploration program
that will include drilling on Galore's 100% owned Mexico-based Dos Santos
project. Based on promising gold results identified in an exploration program
announced on June 1, 2011, the company has confirmed El Alamo as its main target
for this next phase of exploration. In addition, a portion of the proceeds will
be used for general working capital.


Galore Resources is a British Columbia-based exploration company that has
assembled a leading group of industry professionals to acquire and explore for
promising deposits with an emphasis on gold in Mexico and base metals in British
Columbia.


Michael W. Byrne, President

Cautionary Note Regarding Forward-Looking Information: The Company expressly
warns readers not to rely on the information herein for investment or other
related purposes. Accordingly, any use of this information is at your own risk
and without liability to the company. The information contained herein is not,
and under no circumstances is to be construed as either a public or a private
offer or solicitation to purchase securities in the capital stock of Galore
Resources Inc. The reader is referred to his/her professional investment advisor
regarding investment or related decisions respecting the securities of the
company. No securities commission or similar regulatory authority has passed on
the merits of or reviewed the information contained herein.

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