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Galway Resources announces Pablo Orsolani joins the Board and will also be the C

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-22
ELKO, NV, Nov. 22 /CNW/ - Galway Resources Ltd. (GWY: TSX-V) (or the"Company") is pleased to announce the addition of Mr. Pablo Orsolani as theChief Financial Officer and he will also join the Board of Directors. Mr.Orsolani has 28 years experience in international business, spanning theUnited States, Japan, Europe and Latin America. Mr. Orsolani started hiscareer as a management consultant with Arthur D. Little, Inc. U.S.A., latertaking positions in marketing, planning, finance and general management inseveral industries, including commodities (aluminum, nickel and oil) andspecialty chemicals (industrial gases, paint).

"We are delighted to have Pablo join the team and he compliments our teamquite nicely. I enjoyed working with Pablo years ago in Venezuela, where Pabloplayed a crucial role in the successful commercialization of a nickel project.He has abundant talent, an extensive network, and a strong track record inbuilding companies. His expertise in securing long-term energy contracts andoff-take agreements for several different projects and commodities willcertainly be of use as we continue to advance our projects," states RobertHinchcliffe, CEO of Galway Resources.

Mr. Orsolani was the Chief Financial Officer of a nickel project owned byJordex Resources, a Toronto Stock Exchange listed company, which was sold toAnglo American for $65 million. The project is now a producing nickel mine inVenezuela. Mr. Orsolani was also the President of an industrial gas companythat had over 400 employees and had an investment program in the hundreds ofmillions of dollars.

Mr. Orsolani has also served as a member of the board of directors ofseveral industrial companies, including a United States based aluminumextrusion company with sales of $250 million and a primary aluminum companywith sales of $400 million. He was also a board member of an electric utilitywith 13,000 MW of installed capacity.

Mr. Orsolani holds a Mechanical Engineering degree from Universidad SimonBolivar, Caracas, Venezuela; he also holds two masters' degrees fromMassachusetts Institute of Technology (MIT), an MBA from the Sloan School andalso a Master of Science in Mechanical Engineering. Mr. Orsolani is fluent inEnglish and Spanish.

The Company would like to thank Chris Park who has been the acting ChiefFinancial Officer for the past two years.

About the Company

The Company is well capitalized with over $11 million in the treasury.Management is focused on developing three U.S. based exploration projects thatare favorably located and have over 300,000 feet of historical drilling. Wehave established a solid technical team that is compiling all the historicaldata and are now advancing these projects in an aggressive but cost effectivemanner. Management believes that its strategic portfolio of properties offersinvestors an interesting exposure to a unique blend of commodities.

       The TSX Venture Exchange does not accept responsibility for the                    adequacy or accuracy of this release.    
Forward Looking Statements:

Some statements in this news release contain forward-looking information.These statements include, but are not limited to, statements with respect tothe completion of transactions, the timing and amount of payments and shareissuances, the completion of financings, the use of proceeds, futureexploration, development and production activities and future expenditures.These statements address future events and conditions and, as such, involveknown and unknown risks, uncertainties and other factors which may cause theactual results, performance or achievements to be materially different fromany future results, performance or achievements expressed or implied by thestatements. Such factors include, among others, the ability to completecontemplated transactions, payments, share issuances and financings, the useof proceeds, the time and success of future exploration, development andproduction activities and the timing and amount of expenditures.

For further information

Galway Resources Ltd., Robert Hinchcliffe,President and Director, 1-800-475-2412

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