Galileo Resourc Regulatory News (GLR)

FOR IMMEDIATE RELEASE

13 February 2015

Galileo Resources Plc

("Galileo" or "the Company")

Result of General Meeting ("GM")

Capital Reorganisation

The Board of Galileo is pleased to announce that at the GM of the Company held earlier today the special resolution was passed.

The AIM ticker and ISIN will remain unchanged.

In addition, as announced on 29 January 2015, application has been made for the 10,000,000 new Ordinary Shares of 0.1p (the "Ordinary Shares") to be admitted to trading on AIM with admission expected on or around 19 February 2015. These shares were issued at 3p to raise £300,000 in cash for the Company. Following the issue and allotment of these new Ordinary Shares the Company has an issued share capital of 124,502,721 Ordinary Shares.

The Company also holds no Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 124,502,721 and this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

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