Galantas Gold Corporation (TSXV – GAL) is pleased to advise that it has filed a pre-admission announcement with the regulatory authorities on the Alternative Investment Market (“AIM”) in London, UK.  The expected admission date for the common shares of the Company to the AIM is listed as March 31, 2006 in the pre-admission announcement.  In connection with the admission, ARM Corporate Finance Limited has acted as the Nominated Advisor to the Company and Lewis Charles Securities Ltd. has acted as broker for the Company.

A London listing is considered appropriate as it will provide greater accessibility to UK, Irish & European funds and private investors.

Commissioning of the processing plant at the Omagh open pit gold mine is scheduled for Spring (2nd quarter) 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”.

Galantas Gold Corporation

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
Telephone:  +44 (0) 2882 241100

Bishopsgate Communications Ltd. 
Dominic Barretto
Nick Rome
Website: www.bishopsgatecommunications.com
Telephone: +44 (0) 207 430 1600