Galantas Gold Corporation (the Company) reports that it has received Exploration Licenses from the Crown Estate, for gold and silver, over an additional 464.1 sq.kms of land in Northern Ireland. The new licences are contiguous with the Company’s existing 189 sq.kms license and extend that license to the west
and north-west. The Licenses are dated 1st November 2007 and were received on 3rd December 2007.

There is Crown prerogative over gold and silver in Northern Ireland and most of the United Kingdom. The rights lie with the Crown Estate and therefore to explore (or mine) for those metals a license (or lease) is required.

A regional exploration program, called Tellus, funded by the Department of Enterprise, Trade and Investment and managed by the Geological Survey of Northern Ireland, has produced data related to the new license areas. The data is available but is yet to be fully evaluated by the Company.

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.

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 such as those referring (but not limited) to production activity or related timetables and estimates or geological interpretations 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”.

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) 20 7512 0191    

Lewis Charles Securities Limited.       
Kealan Doyle 
Telephone: +44 (0) 20 7456 9100

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