Update on Glenover Project

For immediate release

                                                                21 October 2011

                             Galileo Resources Plc                             

                         ("Galileo" or the "Company")                          

                  Update on Progress at the Glenover project                   

The Board of Galileo Resources Plc ("Galileo") is pleased to announce progress
at the Glenover Rare Earths Joint Venture project in South Africa.

Key points:

  * Six diamond drilling core boreholes completed with one currently in
    progress totalling
   
more than 1,000 metres, adjacent to the former phosphate open pit.

  * Airborne geophysics programme completed comprising aeromagnetic and
    radiometric surveys over a 100 square kilometre area.
   
  * Mineralogical test work progressed and report awaited.
   
  * US$ 1.7 million purchase of historical data and intellectual property paid
    to Fer-min-Ore Pty Limited.
   
The Company will be announcing the results of the aforementioned work programme
as they become available over the coming months.

Colin Bird, Executive Chairman, said: "We are wasting no time in assessing the
potential of this project and will continue with our partners aggressively to
acquire significant raw data in order to direct the project in the most
appropriate direction to add shareholder value in the shortest possible time."

For further information, please contact:      Tel [phone] 
                                                                       
Colin Bird                                                             
                                                                       
Chairman & CEO                                                         
                                                                       
Richard Wollenberg                            Tel [phone] 
                                                                       
Non-Executive Director                                                 
                                                                       
Beaumont Cornish Limited                      Tel [phone] 
                                                                       
Nominated Advisor and Broker                                           
                                                                       
Roland Cornish                                                         
                                                                       
James Biddle                                                           

Note:

Galileo Resources currently has an 11.5% interest in the Glenover Project and
has the option, via additional stage payments as set out in the Company's
Admission Document, to earn up to a maximum interest of 73.73%.

Technical Sign-Off

Andrew Sarosi, Technical Director of Galileo, who holds a B.Sc. Metallurgy and
M.Sc. Engineering, University of Witwatersrand and is a member of The Institute
of Materials, Minerals and Mining, is a 'qualified person' as defined under the
AIM Rules for Companies and a competent person under the reporting standards.
The technical parts of this announcement have been prepared under Andrew
Sarosi's supervision and he has approved the release of this announcement.

Technical Glossary

Diamond dilling (core) boreholes: the method of obtaining rock core by drilling
boreholes with a diamond impregnated bit

Airborne geophysics:. the practical application, from an aircraft, of physical
methods (such as seismic, gravitational, magnetic, electrical/electromagnetic
and radiometric) to measure the physical properties of rocks, and in
particular, to detect the measurable physical differences between rocks that
contain ore deposits

Aeromagnetic: airborne geophyics using magnetic methods

Radiometric:- the measurement of the radioactivity of rocks

Mineralogical testwork : the study, usually under microscope, of the nature and
characteristics of the minerals that are present in rocks