Galaxy Resources Limited - Shareholder Briefing Sessions

/NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR TO US PERSONS/

MONTREAL, July 9, 2013 /CNW Telbec/ -

Dear Shareholder,

The Board of Galaxy Resources Limited ("Galaxy") recently recommenced a 1 for 1 pro-rata non-renounceable capital raising ("Entitlement Offer" or the "Offer") at $0.08 per share to raise up to $46.7 million (before costs).

You will shortly receive a copy of the Prospectus and Supplementary Prospectus in the mail. The Supplementary Prospectus was lodged with ASIC and the ASX on 02 July 2013 and is intended to be read in conjunction with the Prospectus, issued 27 May 2013. The Prospectus and Supplementary Prospectus outline details of the Entitlement Offer and will be accompanied by an application form providing you with an equitable opportunity to participate in the Offer and to apply for additional shares.

Galaxy intends to use the funds raised for corporate working capital (including interest payments), costs associated with the Sal de Vida Lithium and Potash Brine Project, to reduce debt levels and re-structure Galaxy's balance sheet.

Galaxy interim Managing Director Anthony Tse and members of the Executive Management team will hold a series of shareholder briefing sessions in Australia and Canada, where investors can hear more about the Offer and have any questions answered.

The briefing sessions will be held at the following times and venues:

Location Time and Date Venue
Perth 12:00 pm
Thursday 11 July 2013
Patersons Securities Limited
Level 23, Exchange Plaza
2 The Esplanade
Perth  WA  6000
Brisbane 3:30 pm
Friday 12 July 2013
Function Room
Level 5, Riverside Centre
123 Eagle Street
Brisbane  QLD  4000
Sydney 12:30 pm (Lunch provided)
Monday 15 July 2013
FTI Consulting
Level 3, 156 Gloucester St
Sydney  NSW  2000
Melbourne 12:00 pm
Tuesday 16 July 2013
Patersons Securities Limited
Level 15, 333 Collins St
Melbourne  VIC  3000
Vancouver 09:00 am (local time PDT)
Thursday 18 July 2013
Fasken Martineau
2900-550, Burrard Street
Vancouver BC Canada V6C 0A3
Toronto 11:00 am (local time, EDT)
Friday 19 July 2013
FTI Consulting Toronto
TD South Tower, 79 Wellington Street West. Toronto Dominion Centre, Suite 2010, Toronto ON M5K 1G8

If you have any questions, please call the Company Secretary on +61 8 9215 1700 at any time between 8.30am and 5.30pm (AWST).

Yours sincerely,

(signed)
_____________________
Craig Readhead
Chairman 
Galaxy Resources Limited

SOURCE: Galaxy Resources Limited

For further information:

Please call the Company Secretary on +61 8 9215 1700 at any time between 8.30am to 5.30pm (AWST)


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