Following the exercise of options announced by the Company on 13 February 2007, and in accordance with the United Kingdom’s Financial Services Authority Disclosure and Transparency Rules (FSA-DTR), the Company hereby announces that it has 162,251,855 Common Shares of no par value in issue, each share carrying the right to one vote. The Company does not hold any shares in Treasury.

The above figure of 162,251,855 Common Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA-DTR.

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                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