October 2nd, 2008 - Galantas Gold Corporation (‘Galantas’ or the ‘Company’) (GAL – TSXV, GAL-AIM), which has a 100% interest in Ireland’s only gold mine, reports that effective October 1, 2008 it has appointed Mr. Leo O’Shaughnessy as Chief Financial Officer of Galantas. Particulars regarding Mr. O’Shaughnessy were press released on 8th July 2008. In connection with his appointment Mr. O’Shaughnessy has been awarded one million incentive stock options on the Company’s common shares, in accordance with the terms of the Company’s incentive Stock Option Plan. The exercise price for the options is the closing price of the Company’s common shares on October 1st 2008 which is Cdn.$ 0.05.
Galantas’s operational open pit mine is situated near Omagh, County Tyrone, Northern Ireland. The mine produces a flotation concentrate containing gold, silver and lead, which is exported and sold to a Canadian smelter. Some gold from the mine is down-streamed into certified Irish gold jewellery which is sold on-line at www.galantas.com and via leading UK & Irish retailers.
Galantas Gold Corporation Issued and Outstanding Shares total 175,675,855.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
Enquiries
Galantas Gold Corporation
Jack Gunter P.Eng – Chairman
Roland Phelps C.Eng – President & CEO
Email: info@galantas.com
Website: www.galantas.com
Telephone: +44 (0) 2882 241100
Blomfield Corporate Finance Ltd
Nick Harriss
Telephone: +44 (0) 207 489 4500
Lewis Charles Securities Limited.
Kealan Doyle
Telephone: +44 (0) 207 456 9100
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