Botwood Basin

[Ed Monton]

Gallery news:

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GALLERY RESOURCES LIMITED

TSX VENTURE SYMBOL: GYR

MARCH 14, 2003 - 13:17 EST

Gallery Resources Limited: Latest Drill Results at Katie
Indicate Extensive Epithermal Gold System

VANCOUVER, BRITISH COLUMBIA--Gallery Resources Limited (GYR:
TSX.V) of Vancouver, B.C. is pleased to announce that drilling on
the Black Bart VMS Zone has intersected epithermal alteration
over a 2.2 metre (7.5 ft) zone at a vertical depth of 70 metres
(230 ft). The zone displays textures and pyrite mineralization
typical of the Bruce Pond Epithermal Gold Zone located 1.6 km
(5,500 ft) south. This new development demonstrates that the
epithermal system may extensively underlie the 50,000-acre Katie
Property located in the Botwood Basin of central Newfoundland.

This hole was drilled on a 200 metre (656 ft) step-out to test
the northeast strike extension of the zinc enriched VMS zone
outlined during earlier drilling completed last summer. The hole
also intersected a 6 metre (20 ft) thick section of the VMS zone,
and this close association of VMS and Epithermal Mineralization
confirm earlier observations that these two styles of
mineralization may be related. (Please see press release March 4,
2003).

Project Manager Vic French advises this new epithermal alteration
and mineralization may be an extension of the Bruce Pond Zone.
Based on the distribution of gold concentrations in soils, the
zone is inferred to have a strike length of 1.6 kms (5,500 ft) in
a north direction. (Please see March 4 press release). The 2.2
metre (7.5 ft) zone is located along this trend and north of the
closest gold anomaly, which is located 400 metres (1,300 ft)
south.

This potential for considerable strike length for the epithermal
alteration is further indicated from a reinterpretation of
Induced Polarization (IP) data collected during earlier surveys,
just completed by Dr. Dennis Woods. His report submitted March 7,
2003 shows IP resistivity anomalies (indicative of pervasive
silica alteration in the epithermal zone) along the inferred
trend and corresponding to the gold anomalies.

The company has moved the drill to start testing this 1.6 km zone
of corresponding gold and IP anomalies. The first hole planned
along this trend was started last evening and collared in
sulphide mineralization below the 6 metre (20 ft) thick bog
cover. The immediate drill plans will focus on establishing the
extent of the epithermal system along the 1.6 kms (5,500 ft)
separating the Bruce Pond Epithermal and Black Bart VMS Zones and
will avail of the good drilling conditions afforded by the winter
freeze up. Core samples are being prepared for shipment and assay
results will be published as they become available.

Bruce Costerd, President & C.E.O.

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FOR FURTHER INFORMATION PLEASE CONTACT:
Gallery Resources Limited
Investor Relations
[phone] or Toll Free, Canada & USA: 1-800-565-7350
[phone] (FAX)
Email: [e-mail]
Website: www.gallery-gold.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.