Phase One on Maureen Complete – Drill Shifts to Melissa and commences Drilling

N E W S   R E L E A S E

Phase One on Maureen Complete – Drill Shifts to Melissa and commences Drilling

Vancouver, BC, Canada, April 01, 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 its phase one drill program has been completed on the Maureen Project.  As previously announced the phase one program was expanded and the Company drilled a total of approximately 4,000 meters over 8 drill holes.   The work program went smoothly and management was encouraged with how the work program proceeded. Initial assay results will be available within the next two weeks.

The company would further like to announce the relocation of the Maureen drill rig and crew to the Melissa Project. Melissa is a priority one target comprising 4,900 hectares in size located in the state of Sonora, Mexico. Melissa is one of the properties included in the portfolio of properties held by Norma Mines Limited (“Norma Mines”), which acquisition was recently completed.

The Melissa property has historical workings on the property including a 40 foot shaft. As part of the historical works completed by Norma Mines samples were taken from the shaft, crushed and tested for gold content. Norma Mines implemented a geochemical program and the results identified two anomalies which merit follow up. The first anomaly is approximately 2,500 ft wide by 6,000 ft long. The second anomaly is approximately 3,000 ft wide by 5,000 ft. long. The structure can be traced for more than 8 km long.  The initial 2 anomalies cover an area of about 740 hectares of the 4,900 hectares which make up the Melissa property. A Phase one drill program of 5,000 meters has commenced to drill test these targets.  

“The developments in today’s news reflect the initiatives of our dedicated management team in Mexico and the execution of our stated business plan; which is to be aggressive and active on our properties.  We’ve been able to secure equipment and crews to meet these objectives and to provide consistent information to the market place”, states Arni Johannson, Chairman and CEO.

 Galena’s unique three stage business plan will help maximize shareholder value from the portfolio of multiple projects the team has access to. In Galena’s project portfolio, properties beginning with the letter “M” are located in Mexico and properties beginning with the letter “P” are located in Peru.  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, CEO

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