Galaxy Resources Limited

Emerging lithium producer, Galaxy Resources Limited (ASX:GXY), is pleased to announce that it has placed an order with Swan Energy Pty Ltd to install 15 large solar panels and 2 wind turbines generating a total 214 MWhr per year of clean green energy at its lithium operation in Ravensthorpe.

Emerging lithium producer, Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), is pleased to announce that based on current modeling, the proposed implementation of a Resources Super Profit Tax (RSPT) will not have any material impact on Galaxy's key projects.

Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) has been advised by AIM listed Creat Resources Holdings Limited (LON:CRHL) that at its annual general meeting held this morning, all resolutions were passed unanimously allowing CRHL to complete the remaining Galaxy placement subscription.

Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to provide shareholders with the March 2010 Quarterly Report which outlines the progress made by the Company during the quarter. The Company is now fully funded and will hold a significant cash position to support the development of both the Mt Cattlin and Jiangsu projects.

Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) has been advised by AIM listed Creat Resources Holdings Limited (LON:CRHL) that it has now received A$26 million from its majority shareholder, Creat Group Co Limited (Creat Group), to complete the remaining Galaxy placement subscription.

Emerging lithium producer, Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is currently completing an RC drilling program aimed at upgrading and extending resources at the Mt Cattlin Spodumene Project. Excellent intercepts have been identified from drilling to date.

Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to announce that it has executed agreements with thirteen major Chinese lithium cathode producers for the offtake of its battery grade lithium carbonate product. When coupled with the sales agreement with Mitsubishi Corporation, the commercially confidential offtake agreements signed now equate to 100 per cent of Galaxy's 17,000 tonnes of lithium carbonate production per annum and involve the supply of battery grade product commencing in 2011.

ABN Newswire stocks to watch today include: Iron Road Limited (ASX:IRD), Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), AusTex Oil Limited (ASX:AOK), Beach Energy Limited (ASX:BPT) (PINK:BEPTF), Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF), Magnetic Resources NL (ASX:MAU) and Pluton Resources Limited (ASX:PLV).

Emerging lithium producer, Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) is pleased to announce a new ore reserve statement for the Mt Cattlin Spodumene Project near Ravensthorpe, Western Australia. The total "Proved" and "Probable" estimate has increased to 11.4 million tonnes @ 1.05% Li2O which represents a 23% increase from the previous reserve estimation in September 2009 (9.3 million tonnes at 1.04% Li2O).

ABN Newswire stocks to watch today include: Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), Conquest Mining Limited (ASX:CQT) (PINK:CQMLF), Australian Bauxite Limited (ASX:ABZ), Benitec Limited (ASX:BLT) (PINK:BNIKF), AusTex Oil Limited (ASX:AOK) (PINK:ATXDF), Bandanna Energy Limited (ASX:BND), WestSide Corporation Limited (ASX:WCL) and Texon Petroleum Ltd (ASX:TXN).