Completes Acquisition of the Norma Mines Group and Private Placement

N E W S R E L E A S E

Galena Completes Acquisition of the Norma Mines Group and Private Placement

Vancouver, B.C., March 25th, 2008 - Galena Capital Corp. (TSXV: FYI) (the"Company" or "Galena"), a Vancouver based company listed on the TSX Venture Exchange (the "Exchange"), is pleased to announce the completion of the acquisition (the "Acquisition") of all of the issued and outstanding common shares of Norma Mines Limited ("Norma Canada") and the concurrent closing of the previously announced C$3,000,000 brokered private placement. 

The Acquisition

Pursuant to the Acquisition, Galena acquired all of the issued and outstanding securities of Norma Canada, a British Columbia company, in consideration of the issuance of 4,200,000 common shares of the Company. These common shares are subject to a four month hold period that expires on July 21, 2008.

Norma Mines Limited is the parent company of both Norma Mines S.A. de C.V. a Mexican private company and Norma Peru S.A. a Peruvian private company (collectively with Norma Canada, the "Norma Mines Group").  These companies hold rights in and to the gold and silver exploration properties discussed below under "Description of Properties".

The Norma Mines Group currently employs more than a dozen exploration geologists and mining engineers, headed by Norma Canada's President Danson Tolman, who collectively possess extensive experience in mineral exploration and mining operations in Latin America and South America and have an extensive network of contacts from which to access additional properties. 

"By completing the acquisition of the Norma Mines Group, Galena has acquired rights to aggressively pursue and aggregate highly prospective gold, silver and other metal projects in Latin America and South America. The acquisition of the Norma Mines Group involved both the acquisition of outstanding properties and expertise that we expect will assist Galena in executing its three step business plan introduced to investors when its Qualifying Transaction closed in November 2007." Arni Johannson, CEO & Chairman of Galena comments.

Concurrent Financing

Concurrent with the closing of the Acquisition, the Company closed a brokered private placement of 1,500,000 units at a purchase price of $2.00 per unit for aggregate gross proceeds of $3,000,000. Each unit consists of one common share of the Company and one-half of one transferable common share purchase warrant.  Each whole warrant entitles its holder to purchase one additional common share of Galena at a purchase price of $2.50 for a period of two years from the closing of the private placement.  The net proceeds of the private placement will be used to fund the costs of initial exploratory exploration work on the properties listed below to further evaluate their potential and for general working capital purposes in operating the Galena group of companies.

Canaccord Capital Corporation acted as the Company's agent for the purpose of finalizing the private placement and has been paid a cash fee of 7% of the gross proceeds of the private placement, agent's warrants to purchase that number of common shares in the capital of the Company that equals 7% of the number of units issued under the private placement at a price of $2.50 per common share for a period of two years from the closing of the private placement, a corporate finance fee of 50,000 common shares and 28,750 non-transferable warrants (having the same terms as the agent's warrants) and an administration fee.

The securities issued under the private placement are subject to a four-month hold period expiring July 21, 2008.

Description of the Properties

Norma Canada's two subsidiaries hold certain rights in and to five prospective mineral exploration and development projects in Mexico and Peru which cover an area in excess of an aggregate of 30,000 acres.

Galena intends to direct its initial attention to exploration work on the Maria project in Mexico and the Patricia project in Peru, where the Company proposes to expend approximately $500,000 per project over the next 12 months in preliminary exploration work with a view to completing a technical report in accordance with National Instrument 43-101 on those projects, if any, that show merit for more advanced development work.

Maria Project, Mexico
Pursuant to an option agreement dated October 19, 2007, Norma Mines SA de CV holds an option until October, 2008 to acquire 100% of the legal and beneficial interest in the San Juan Nepomuceno project for, among other things, a cash payment of US$3,000,000.  This project is an exploration-stage mineral resource property with the principally-targeted resources being gold and silver, and is located north of Mexico City and comprises an area of approximately 550 hectares. It hosts numerous free gold and silver structures running over an area 8 km long by 6 km wide.

Patricia, Peru
Pursuant to a mineral exploitation agreement dated December 18, 2007, Norma Peru S.A. has the right to acquire 100% of the legal and beneficial ownership in the Patricia properties in consideration for, among other things, paying a total of US$2,225,000, completing a mineral exploration and exploitation program, paying all maintenance costs on the concessions and granting the vendor a 2% Net Smelter Return royalty over production from the concessions. 

The Patricia project is located in Ancash, in north central Peru, and consists of 10 mineral exploration and exploitation concessions totalling approximately 3,900 hectares that have numerous areas of disseminated gold mineralization in anomalous intrusive and shale structures. More than 10 mantos have been identified to date in the project area and preliminary work by the Norma Mining Group has identified six anomalous areas for further evaluation.

The sample results discussed in this news release do not conform to the standards of National Instrument 43-101 and should not be relied upon by the reader.

Galena's mission statement is to aggressively build a well financed public company run by dedicated experienced senior management, with projects where production can withstand commodity fluctuations and therefore create a legacy in Mexico and South America.
For further information please visit www.GalenaCorp.com or contact the company directly at the contact information provided below.

ON BEHALF OF GALENA CAPITAL CORP.

"Arni Johannson"

ARNI JOHNANNSON
CHAIRMAN AND CEO

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.