Following the placing of 5,284,000 Common Shares in the Company, as announced on 2 March 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 167,535,855 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 5,284,000 placing shares are subject to a 4 month hold period in Ontario, Canada, which will expire July 3rd 2007. An application will be made to admit shares issued under the placing to trading on AIM on the same day that they become free trading on the TSX Venture Exchange.

The above figure of 167,535,855 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. 

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.       
David Scott
Telephone: +44 (0) 20 7065 1150