Galantas Gold Corporation, which has a 100% interest in Ireland’s only gold mine, today announced an off-take agreement with Falconbridge Ltd (a subsidiary of Xstrata plc) for flotation concentrate for the life of the Omagh Mine. The agreement contains a mutual cancellation clause after 2010. Whilst the agreement includes all flotation concentrate from the mine, Galantas is able under the agreement to divert up to 10% of the flotation concentrate for treatment elsewhere and intends to use this gold, with gold produced from gravity methods, as feed-stock for its Galantas certified Irish gold jewellery business.

Mr. R.Phelps C.Eng., President & CEO Galantas Gold Corporation is the qualified person who has reviewed the technical information contained in this release on behalf of the Company.

Issued and Outstanding Shares total 162,251,855.

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 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                Telephone:  +44 (0) 2882 241100
Jack Gunter P.Eng – Executive Chairman
Roland Phelps C.Eng – President & CEO
Moe Lavigne P.Geo – Vice President
Email: info@galantas.com
Website: www.galantas.com

ARM Corporate Finance Limited     Telephone:  +44 (0) 20 7512 0191         
Nick Harriss 

Lewis Charles Securities Limited.              Telephone:  +44 (0) 20 7065 1150
David Scott