TORONTO - Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ('Galantas' or the 'Company') is pleased to announce results for four holes from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland.

All four holes were drilled from the underground development at the Kearney Vein.

Drilling highlights

Hole FR-DD-22-UG-183 intersected a new dilation zone within the main Kearney Vein with an intersection of 21.4 grams per tonne (g/t) gold (Au) and 32.9 g/t silver (Ag) over 2.4 metres.

Hole FR-DD-22-UG-179 penetrated the main Kearney Vein, with multiple intersections including 16.6 g/t Au and 26.9 g/t Ag over 1.5 metres at a vertical depth of 138 metres.

Hole FR-DD-22-UG-180 intersected 7.1 g/t Au and 13.2 g/t Ag over 3.4 metres on a parallel-running vein known as the 'C-lens', approximately 50 metres east of the Kearney Vein.

Vein intersections in holes FR-DD-22-UG-183 and 180 indicate the likelihood of a new dilation zone. Drill hole FR-DD-21-UG-179 also intersected the Kearney Vein within the dilation zone model. Dilation zones which have potential for higher widths of mineralization have previously been identified within the Kearney underground development and are believed to be linked on shallow north-dipping planes. Further confidence is gained in the nearby 'C-lens' which was intersected in all four holes.

Mario Stifano, CEO of Galantas, commented: 'The continued success of our exploration program is demonstrating not only the high-grade potential of the deposit but also the predictability in identifying the high-grade dilation zones. Also, recent drilling has identified a number of parallel lenses including the C-lens and the B-lens, with an intersect of 73.6 g/t Au and 93.4 g/t Ag over 2.2 metres of the-B lens approximately 28 metres east of the Kearney Vein. The Company has restarted underground development and blasting, and remains on track to commence production in the second half of June.'

About Galantas Gold Corporation

Galantas Gold Corporation is a Canadian public company that trades on the TSX-Venture Exchange and the London Stock Exchange AIM market, both under the symbol GAL. It also trades on the OTCQX Exchange under the symbol GALKF. The Company's strategy is to create shareholder value by operating and expanding Northern Ireland's first gold mine.

Contact:

Mario Stifano

Tel: +44(0)28 8224 1100

Email: info@galantas.com

Web: www.galantas.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including the results of exploration programs, and mine development at the Omagh Gold Project. Forward-looking statements are based on estimates and assumptions made by Galantas in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Galantas believes are appropriate in the circumstances. Many factors could cause Galantas' actual results, the performance or achievements to differ materially from those expressed or implied by the forward looking statements or strategy, including: gold price volatility; discrepancies between actual and estimated production, actual and estimated metallurgical recoveries and throughputs; mining operational risk, geological uncertainties; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of or availability of key employees; additional funding requirements; uncertainties regarding planning and other permitting issues and defective title to mineral claims or property. These factors and others that could affect Galantas' forward-looking statements are discussed in greater detail in the section entitled 'Risk Factors' in Galantas' Management Discussion & Analysis of the financial statements of Galantas and elsewhere in documents filed from time to time with the Canadian provincial securities regulators and other regulatory authorities. These factors should be considered carefully, and persons reviewing this press release should not place undue reliance on forward-looking statements. Galantas has no intention and undertakes no obligation to update or revise any forward-looking statements in this press release, except as required by law.

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