Galaxy Resources Limited Stock Market Press Releases and Company Profile

Perth, Jan 22, 2009 AEST (ABN Newswire) - Galaxy Resources Limited (ASX:GXY) is pleased to announce that Mr John Sobolewski has been appointed Chief Financial Officer for the Company.

Mr Sobolewski is a CA qualified accounting professional with ten years experience in the accounting industry, including five years in executive roles with companies within the resources industry in Western Australia. Most recently, Mr Sobolewski was CFO and Company Secretary for Vital Metals Limited (ASX: VML). Mr Sobolewski's previous experience also includes positions as Financial Controller and Company Secretary with Croesus Mining NL and Group Accountant and Company Secretary with Titan Resources NL.

Managing Director, Iggy Tan said a CFO with strong experience in financial control and accounting was a key requirement for the company as it advances the development of the Mt Cattlin Lithium Tantalum project. "John has great experience in the financial management of ASX listed companies which will be a real benefit to the company as it transitions from junior explorer to major lithium miner and producer," said Mr Tan.

"His appointment brings additional strength and experience to Galaxy's growing management and we welcome him to the team."

Mr Sobolewski's appointment is effective 23 January 2009.

Joint Company Secretaries, Karen Brown and Lindsay Colless have resigned. Chairman, Craig Readhead acknowledged their excellent contribution to the Company. "Karen and Lindsay have played an important part in the development of the Company and their contributions and commitment are greatly appreciated".

Also from 23 January 2009 the company's registered office will be at Level 2, 16 Ord Street, West Perth WA 6005.

About Galaxy Resources Limited

Galaxy Resources ASX:GXYGalaxy Resources Limited (ASX:GXY) (OTCMKTS:GALXF) is an international S&P / ASX 200 Index company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate, and the James Bay lithium pegmatite project in Quebec, Canada.

Galaxy is advancing plans to develop the Sal de Vida lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production. Sal de Vida has excellent potential as a low cost brine-based lithium carbonate production facility.

Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.

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Contact

Iggy Tan
Managing Director
TEL: +61-8-9215-1700
TEL: +61-419-046-397



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