Botwood Basin

[Ed Monton]

Gallery news:

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GALLERY RESOURCES LTD.

TSX VENTURE SYMBOL: GYR

APRIL 2, 2003 - 10:49 EST

Gallery Reports on Latest Drill Results from the Katie
Project

VANCOUVER, BRITISH COLUMBIA--Gallery Resources Limited
(GYR:TSX.V) of Vancouver, B.C. is pleased to announce that the
first phase of the planned 2003 drilling program on it's Black
Bart Katie Property located in the Botwood Basin of central
Newfoundland has produced the best drill results to date. It was
initially planned to drill 1,500 metres (5,000 ft) but early
positive results prompted the company to carry out additional
drilling for a total of 2,273.78 metres (7,458 ft) completed to
March 25, 2003.

Drilling focused along a 2.5 km (8,200 ft) zone hosting the Black
Bart VMS and Bruce Pond Epithermal Gold prospects. The objective
was to map out the VMS and Epithermal zones over shallow depths
down to 125 metres (400 ft). This objective was met with both
zones being intersected at two (2) new areas targeted for
drilling.

The first new target located between the gold-bearing VMS and
Epithermal prospects, separated by 1.6 kms (5,300 ft), was
selected to drill test a 500 metre (1,650 ft) long soil anomaly
containing elevated values of gold, zinc, copper, lead and
silver, the same metals contained in high grade, zinc enriched
boulders at the Black Bart VMS Prospect. The widespread
distribution of gold throughout this anomaly indicated this area
could also be underlain by the epithermal gold system first
detected at the Bruce Pond Prospect, located 600 metres (2,000
ft) south.

Five (5) holes drilled to vertical depths between 50 and 125
metres (160 and 400 ft) have all intersected epithermal veining
typical of the epithermal alteration in other areas. Two (2) of
the 5 holes also intersected the blackjack sphalerite (zinc) VMS
mineralization seen at the Black Bart VMS Prospect. This visible
mineralization is hosted in banded silica (exhalite) horizons up
to 3.5 metres (12 ft) thick and also a zone of stringer and
banded (up to several cms thick) semi-massive to massive pyrite
dominated sulphides. This style of mineralization is typical of
VMS mineralized districts and is observed in drill core from
bedrock surface below the thin (up to 6 metres) overburden cover
to the vertical depth of 125 metres, drilled to date.

Because of the early positive results, fifteen (15) 0.5 to 1.0
metre (1.5 to 3.0 ft) samples were expedited for assaying with
results received on March 21, 2003. These initial results
represent the best drill intersections on the property. Gold
values of 2.52 g/t and 1.85 g/t were obtained respectively from
both the VMS exhalite and stringer sulphide zones, both of which
are cut by the epithermal alteration. The samples, up to 1.0
metre thick, also contain good enrichments of VMS mineralization
ranging up to 3.0% zinc, 0.60% lead, 0.17% copper and 0.57 oz/t
silver. These levels of precious and base metals are significant
and within the range of economic grades. Encountering gold grades
up to 2.52 g/t within the upper levels of the epithermal system
also suggest good potential for higher grades at deeper levels.

Based on these initial assays the drill was moved 1.4 kms (5,000
ft) south (800 metres south of the Bruce Pond Prospect) to test
another untested soil anomaly, where the latest drilling has also
intersected the VMS and Epithermal systems. This latest
discovery, 2.5 kms south of the Black Bart Prospect, and the
presence of other untested prospects and soil anomalies up to 9.5
kms (6 miles) north indicate the potential for a major
mineralized belt within the Katie Property.

A total of approximately 125 samples have been selected from
drill core and assay results will be released upon receipt. The
company is very encouraged by the assay results obtained to date.
Over the next few weeks these additional results will be
evaluated to direct the next round of drilling which will test
deeper levels for higher metal concentrations.

Bruce Costerd, President & C.E.O.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Gallery Resources Limited
Investor Relations
Toll Free, Canada & USA: 1-800-565-7350 or [phone]
[phone] (FAX)
Email: [e-mail]
Website: www.gallery-gold.com
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responsibility for the adequacy or accuracy of this release.