Toronto,September 30, 2005– Mr.L.J.(Jack) Gunter, Director and Executive Chairman, announced that he has bought 105,000 common shares of Galantas Gold Corporation ("Galantas") (TSX-V:GAL). As a consequence of the purchase, Mr. Gunter owns approximately 13.5% of the issued and outstanding common shares of Galantas on a partially diluted basis (assuming full exercise of options and warrants).

Galantas Gold Corporation is building Ireland’s first gold mine, with production scheduled for Spring 2006.The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages,and to add value to the Company’s production by marketing and selling certified Galántas ™ Irish gold jewellery.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This press release includes certain “Forward-Looking Statements” within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are “Forward-Looking Statements” that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these “Forward-Looking Statements”.

For further information, please contact:
Jack Gunter -- Executive Chairman
Roland Phelps -- President & CEO
Moe Lavigne -- Vice President
Telephone: +44 (0) 2882 241100
Email: info@galantas.com Website: www.galantas.com