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	Fri Apr 8, 2005 Galantas Secures Finance for Omagh Gold Project
	Galántas Gold Corporation ("Galántas") is pleased to announce the closing of first tranche of a private placement for gross proceeds of $2,333,333. Pursuant to this private placement, Galántas issued 23,333,333 units on April 4, 2005 at $0.10 per unit. Each unit consists of one common share in the capital of Galántas and one half of one common share purchase warrant of Galántas. Each whole common share purchase warrant may be exercised by the warrantholder for one common share at an exercise price of $0.15 within one year. Finder's fees in the amount of $74,320.17, representing 5% of the gross proceeds of the brokered portion of the placement, will be paid to several parties in connection with this placement. Galántas has also received executed subscription agreements for 11,700,000 units for a subscription price of $1,170,000. Upon closing, finder's fees in the amount of $57,365, representing 5% of the gross proceeds of this portion of the private placement, will be payable. Galántas anticipates that this tranche of the private placement will close next week. Proceeds of the private placement will be used for construction of the first phase of the mining project at Omagh, Co Tyrone and a targeted exploration programme on the 189 km2 exclusive license area. In addition to the equity finance raised through the private placement, Galántas has secured an offer of lease financing in the amount of £200,000 (GBP) from Barclays Asset Finance in order to acquire open pit mining equipment. Galántas Gold Corporation is exploring and developing its gold property in Ireland and realising added value to its gold production through marketing an exclusive line of certified Irish Gold jewellery. To find out more about Galántas Gold Corporation (TSX-V: GAL), please visit out website at www.galantas.com . 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 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". All dollar amounts are in Canadian dollars unless otherwise noted. The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. For further information, please contact: Jack Gunter - President Roland Phelps - CEO Moe Lavigne - V.P. Exploration Telephone : +44 (0) 2882 241100 Email : info@galantas.com Website: www.galantas.com
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