GALANTAS GOLD CORPORATION : http://www.galantas.com/ : News Releases


News Releases
  Mon April 30, 2007

GALANTAS FILES 2006 ANNUAL ACCOUNTS & M D & A
 

Galantas Gold Corporation today filed Annual Accounts and Management, Discussion and Analysis for the year ending 31st December 2006, on www.sedar.com, www.londonstockexchange.co.uk and copied on www.galantas.com .

Highlights included the following :-
As At December 31st 2006, Canadian $

Current Assets include

Cash

 $234,909
   

Property, Plant & Equipment                 

 $6,110,357
   
Total Assets                                                     $15,559,278
   
Liabilities Total                                    $2,132,980
   
Loss before Income Taxes                           $1,290,750
   
Net Loss (after future income tax recovery)            $995,250
   
End of Period Deficit                                      $11,794,287
   
Basic and diluted loss per share                $0.01
   
Weighted average number of shares  
Outstanding for 2006                                        145,930,481
   
Readers are directed to the accounts as filed for notes and detail that relate to results as highlighted.

                                                          
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.

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
 

Copyright © 2007 by Galantas Gold Corporation   All rights reserved worldwide.
For more information, send questions and comments to