Galore Resources Inc. announced that it has entered into a five-year contract with Urbanizaciones Y Acabados, S.A. De CV URBYASA to mine gold at Galore's 100% owned Los Gemelos claim (Duraznillo Ranch). The contract provides Galore with final payment and closing costs associated with the Duraznillo Ranch property, bringing current and continued payment of property tax associated with the property, installation of a water well, improved utilities to the property, improved road access and all necessary insurance needed for damages or loss of any kind.