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Vancouver, British Columbia, Canada (January 27, 2012) – Galena Capital Corp. (TSX.V: FYI), (“Galena” or the “Company”) is pleased to announce the appointment of Mr. Craig Lindsay as President and Chief Executive Officer.


Mr. Lindsay has in excess of 20 years experience in corporate finance, investment banking and business development in both North America and Asia. He is currently Managing Director of Arbutus Grove Capital Corp., a private company offering corporate finance and merchant banking services. Mr. Lindsay was a Founder and President of Magnum Uranium Corp. until its merger with Energy Fuels Inc. (TSX: EFR in June 2009). As well, Mr. Lindsay was a Vice President in the Corporate Finance and Investment Banking Group at PricewaterhouseCoopers LLP. Mr. Lindsay was Founder of Malaspina Capital Ltd., a junior capital pool company, and was responsible for indentifying its merger with Miranda Mining Corp (a Mexican-based gold producer that was subsequently acquired by Wheaton River Minerals). He has been a Director of Galena since April 11, 2011.


The Board would like to thank Mr. Arni Johannson, former President, CEO and Director, for his time and service to the Company and wishes him well in his future endeavours.


ON BEHALF OF GALENA CAPITAL CORP.


“Michael Leahy”


Michael Leahy


VP of Communications


For further information contact:


Michael Leahy


VP of Communications


Galena Capital Corp.


Tel: (604) 683 – 7588


Fax: (604) 683 – 7589


[email protected]


www.galenacorp.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.