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To: Buckey who wrote (608)	8/12/1998 11:10:00 AM
From: Kent C.	Respond to of 746

News Release - Gallery Prepares to Drill at Okak Bay and Harp Lake 2 For Immediate Release: August 12, 1998 Gallery Prepares to Drill at Okak Bay and Harp Lake 2 *Gallery Resources Limited (GYR:ASE)* of Vancouver, B.C. announces that work is in progress to recommence diamond drilling at both the Okak Bay and Harp Lake 2 projects in Northern Labrador. At Okak Bay drill crews will mobilize this weekend to move the Boyles 56 drill rig to the next drill hole location. The first hole to be drilled will carry out initial testing of the off hole anomaly identified by Lamontagne Geophysics earlier this summer (see press release dated June 24, 1998 - gallery-gold.com). Mr. French also reports that the results of further investigations on the mineralized core, drilled last fall has yielded additional positive indicators, these include typical Sudbury textures and the mineralization is confirmed to be primary magmatic sulphides. The drill target at the Harp Lake 2 project is a highly conductive HLEM (horizontal loop electromagnetic) anomaly outlined during a 1997 survey and confirmed by two separate HLEM surveys completed during July. The 1998 surveys have added new information which will assist in directing the planned drilling program. For example, this year's survey detected the conductive zone down to a vertical depth of 460 feet; twice the depth surveyed last year. Mr. French advises that the conductive responses at this deeper level has important implications for the size of the conductive body. It shows that the conductor appears to extend much deeper than originally outlined. He also adds that the responses at this depth are still strong. The company is finalizing a contract with a well-established drill company for a minimum 3000 feet of BQ core drilling. The drill rig is being prepared for mobilization to the property with the objective to start drilling within the next ten days. The company is very pleased with the August start up of the diamond drilling programs on its two major exploration projects in Labrador. Last years drilling program did not start at Okak Bay until early October and at Harp Lake 2 until early November. Therefore, the company feels that it has a much wider window to carry out the necessary drilling which will allow for a more thorough evaluation of the mineral potential at both sites. Bruce Costerd President & CEO gallery-gold.com mailto:info@gallery-gold.com