Galantas Gold : January 2022

EXPLORING AND MINING IRISH GOLD

TSX.V & AIM: GAL, OTCQX: GALKF | JANUARY 2022

Cautionary statement

Neither the contents of this presentation nor these slides, nor any part thereof have been approved by any person authorised pursuant to section 21 Financial Services and Markets Act 2000 ("FSMA") in the UK nor Regulated by the Financial Supervision Commission (FSC) in The Isle of Man, British Isles nor any other regulated party. Reliance upon this presentation by any person for the purposes of engaging in any investment activity may expose that person to a significant risk of losing all property invested or occurring additional liability. This presentation is a summary and may not contain all the information required by a reader. If any person is in any doubt as to the contents of this presentation they should seek independent advice from a person who is authorised for the purposes of FSMA and who specialises in advising in investments of this kind. The information in these slides, and the presentation made to you verbally, are subject to updating, completion, revision, further verification and amendment without notice. These slides and the presentation do not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall they or any part of them form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. No reliance may be placed for any purpose whatsoever on the information or opinions contained in these slides or the presentation or on any other document or oral statement or on the completeness, accuracy or fairness of any such information and/or opinions therein. No undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of Galantas Gold Corporation (the Company) or any of its directors, officers, partners, employees, agents, advisers or subsidiary undertakings or any other person as to the accuracy or completeness or fairness of the information or opinions contained in these slides or the presentation and no responsibility or liability is accepted by any of them for any such information or opinions or for any errors, omissions, misstatements, negligence or otherwise or for any other communication written or otherwise contained or referred to in this presentation. Notwithstanding the aforesaid, nothing in this paragraph shall exclude liability for any undertaking, representation, warranty or other assurance made fraudulently. These slides are for distribution in or from the United Kingdom and The Isle of Man only to persons authorised or exempt within the meaning of the FSMA or any order made there under or to those persons to whom these slides may be lawfully distributed pursuant to the Financial Promotion Order, or lawfully distributed under regulations in other jurisdictions, including investment professionals (as defined in article 19(5) of the Financial Promotion Order), high net worth companies (as defined in article 49 of the Financial Promotion Order), certified high net worth individuals (as defined in article 48(2) of the Financial Promotion Order) and certified sophisticated investors (as defined in article 50(1) the Financial Promotion Order) or exempted parties under MiFID ii. In so far as this presentation is made to high net worth individuals and certified sophisticated investors it is exempt from the general restriction contained in section 21 of the FSMA on the communication of invitations or inducements to engage in investment activity.

Persons who do not fall within any of the above definitions should not rely on these slides nor take any action upon them. These slides are copyright reserved and are being supplied solely for your information and may not be reproduced, re-distributed or passed to any other person or published in whole or in part for any purpose. Neither these slides nor any copy of them may be taken or transmitted outside the United Kingdom, Canada or UK dependencies (where permitted) or taken to places where distribution is unlawful and, in particular, neither these slides, nor a copy of them should be distributed into the United States of America or its territories or possessions (the "United States" or "U.S."), or distributed, directly or indirectly, in the United States, or to any "U.S. Person" as defined in Regulation S under the Securities Act 1933 as amended, including U.S. resident corporations, or other entities organised under the laws of the United States or any state thereof or non-US branches or agencies of such corporations or entities or into Australia, Japan, South Africa . or any other jurisdiction which prohibits the same except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of United States or other national securities laws. This presentation contains forward looking statements. Various factors could cause actual results to differ materially from those projected in forward looking statements, including comments predicting grade, tonnage, output, production, cash flow and profitability. Although the Company believes that the forward looking statements are reasonable, it can give no assurance that the Company's expectations are correct. A discussion of the Company's operations and financial condition, including factors likely to affect its business, is contained in SEDAR documents filed in Canada and available on www.sedar.com. All forward looking statements are expressly qualified in their entirety by this Cautionary Statement. This presentation should not be considered the official disclosure document of the Company. Risk factors regarding the company and its activities are published in the Company's Quarterly Management Discussion and Analysis, which is available on www.galantas.com.

The Geological part of this presentation has been reviewed by S.Coulter FGS, MIMMM, a Qualified Person in respect of NI 43-101 and AIM regulations.

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Galantas Gold Corporation's Omagh Project

IRELAND'S GOLD MINE READY FOR EXPANSION OF PRODUCTION AND RESOURCE

OPERATIONAL EXCELLENCE.

Fully-permitted mine meets environmental standards, monitored with detailed studies by the Northern Ireland Environment Agency and used a safe processing methodology to produce a smelter concentrate.

INFRASTRUCTURE IN PLACE.

Ownership of initial open pit mine, processing plant, tailings facility and water clarification ponds.

SUPPORTIVE

SHAREHOLDERS.

Ross Beaty, Roland Phelps (former CEO), Melquart Limited, Premier Miton Investments, Eric Sprott, Mike Gentile collectively own ~57%.

EXPLORATION UPSIDE. Multiple high-gradeveins with significant exploration potential for resource upgrade and discovery over 548.9km2 land package.

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Overview of the Omagh Project

Dalradian Gold

Curraginalt Deposit

Omagh

• Galantas Gold Corporation is listed on the TSX Venture and AIM exchanges under symbol GAL, and on the OTCQX under symbol
  GALKF.
• Galantas owns and operates the fully permitted Cavanacaw project mine near Omagh, County Tyrone, Northern Ireland.
• Situated within a 189 km2 licence area (OM1), the Omagh Project lies approximately 1.5 hours' drive west of Belfast. Following on exploration results, the project has expanded its area under licence to 548.9 km2.
• A metals concentrate is produced by safe, non-toxic processing and sold under contract.
• High-graderesource with significant exploration upside including 26.63 metres @ 8.44 grams/tonne gold (TW 4.5 metres) and 21.6 metres at 9.9 grams/tonne gold (TW 13 metres) in shallow drilling.
• Similar lithological and structural setting as Dalradian Gold

(acquired for C$537M in 2018).	4

Near-term production

Processing plant showing jaw (left) and cone crusher (right)

• Production is expected to commence at the end of Q1 2022 with 9,000 ounces of gold in concentrate produced at an average head grade of 5.50 grams/tonne. In 2023, production is expected to increase to 17,800 ounces at an average grade of 8.0 grams/tonne.
• Fully permitted operation.
• Over 2km of underground development.
• Mill capable of producing a high-grade gold concentrate with plans for staged expansion.
• Significant exploration potential to expand near surface resources and resources to depth.
• >30,000 ounces of gold shipped historically.

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