Galena Executes Port & Logistics Agreements

GALENA MINING LTD. ("Galena" or the "Company") (ASX: G1A) announces that Abra Mining Pty Limited ("AMPL"), the joint-venture company for the Abra Base Metals Project ("Abra" or the "Project") has executed a further two key contracts in the development of Abra. These new contracts support the transportation and export of its high-grade leadsilver concentrate from Abra via the Geraldton Port. The agreements include a Port Access Agreement with Mid-West Ports Authority and a Haulage, Storage and Stevedoring Services Agreement ("Export Logistics Agreement") with Qube Ports Pty Ltd ("Qube").

Under the terms of the Port Access Agreement, AMPL has the right to export up to 140,000 tonnes of mineral concentrates per year through the common user facilities (Berth 6) at the Geraldton Port for an initial period of 10 years.

Under the terms of the Export Logistics Agreement, Qube will provide all equipment and personnel to undertake the loading, transportation, storage and stevedoring of Abra's mineral concentrates using their Rotabox™ system. This system enables the secure transport of Abra's high-value, high-grade lead-silver concentrate between the mine and the port precinct, as well as a proven system for bulk loading of mineral concentrates into ships' holds in a manner which minimises environmental impact. The Qube agreement has an initial term of 5 years with an extension option of an additional 5 years.

Managing Director, Tony James commented, "Having an efficient, safe and secure route to export concentrates from Abra is a critical part and milestone for the Abra project. Qube are well established in the region and provide proven safety systems for moving high volumes of materials by road and across port boundaries, and we are pleased to partner with them to export our product out of the mid-west. Geraldton Port has the infrastructure in place and a strong track record in the export of similar mineral concentrates which delivers a considerable benefit to the project."

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