DIRECTOR EXERCISES OPTIONS

Galantas Gold Corporation has received an exercise of options from Maurice J. Lavigne P.Geo, Director and Vice-President. Options over 500,000 shares have been exercised at a price of $0.10. As a result Mr. Lavigne is now interested in 2,216,667 common shares in the Company, representing 1.32% of the issued share capital.

Application has been made for the new ordinary shares to be admitted to trading on AIM on 30 July 2007.

The number of Galantas Gold Corporation Issued and Outstanding Shares following the exercise total 168,035,855.

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 – 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

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

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