Galway Metals Inc. (GAYMF)

[Strong99]

Fees payable in connection with the Listing $40,000
Fees payable under Installment Sale Agreement $700,000
Cost related to phase 1 of the 2012 Report $9,400,000
Anticipated general and administrative expenses for the next 12 months (including legal, accounting and other professional fees) and general working capital requirements $1,200,000
Unallocated $660,000

Total: $12,000,000