Galantas Gold Corporation (the “Company”) announces completion of processing plant commissioning at its wholly owned gold mine near Omagh, County Tyrone, Northern Ireland.

The plant as commissioned consists of crushing, grinding and flotation circuits that have a design capacity to produce sulphide concentrate containing up to 30,000 ozs of gold per year with associated lead and silver values. The plant is now capable of operating at design capacity of 6 tonnes per hour. Sulphide recovery has increased over the commissioning period and was recently estimated at 82.03%. Concentrate quality has improved to an average of 115.8 g/t gold for recent shipments but is variable. This compares with a grade of 144 g/t gold produced in laboratory flotation test-work. Improvements are expected to continue with increased operator experience and plant amendments. Inconsistencies in terms of production quantity and quality are expected to gradually reduce over the next quarter as the mine and plant settles into routine operations.

Attention has now focused on the planned gravity section in the plant. Equipment has been temporarily installed and has demonstrated ability to recover a fraction of free gold for use as feed-stock for the Company's Galantas ® certified Irish gold jewellery. It has also demonstrated the ability to recover coarse sulphides. Test-work is underway to expand gravity concentrate production and enhance the capability of the plant.

Additional personnel are being hired to expand processing plant operation to a 24 hour day, 5 day week as an intermediate stage prior to expanding to a full 24 hour, 7 day week later this year.

Since the last trading update on May 23 rd , 2007, three containers (numbers 9,10 and11), containing a total of approximately 70 wet tonnes have been shipped to Falconbridge Ltd., New Brunswick, Canada.

Galantas Gold Corporation Issued and Outstanding Shares total 167,535,855.  .      

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 specific production or construction activity 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 – 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

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