Dec 31 (Reuters) - Galaxy Resources Ltd GXY.AX :
* UPDATES ON SAL DE VIDA PROJECT
* PROJECT FINANCING SUBSTANTIALLY DE-RISKED FOLLOWING EXECUTION OF TRANSFERS OF NORTHERN TENEMENT PACKAGE TO POSCO FOR US$280 MILLION
* MULTIPLE BIDS RECEIVED FOR STRATEGIC PARTNERSHIP FOR DEVELOPMENT OF SAL DE VIDA
* AFTER SAL DE VIDA PROJECT EVALUATION, CO NEGOTIATING TO APPOINT WORLEY PARSONS AS PROJECT MANAGEMENT CONSULTANT