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Galantas updates on judicial review of planning consent

GALANTAS GOLD CORPORATION

TSXV and AIM:  Stock Symbol – ‘GAL’

GALANTAS UPDATES ON JUDICIAL REVIEW OF PLANNING CONSENT

4 March 2016. Galantas Gold Corporation (the "Company") is able to today confirm that a third party has obtained leave from Belfast High Court to bring a judicial review of the planning consent granted by Department of Environment Northern Ireland, for the Company’s underground mine near Omagh, County Tyrone. The review is expected to be heard 27-29 September 2016. The Company outlined the potential for a legal challenge on 13 October 2015.

Roland Phelps, President & CEO, Galantas Gold Corporation said, “The review should remove any dispute regarding the status of the planning consent. I am unable to make further comment regarding the review as it is before the Court. ”

Exploration drilling continues at the Omagh site and additional results are expected in the near term.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Enquiries : Galantas Gold Corporation Website: www.galantas.com
L. Jack Gunter P.Eng – Chairman                                  
Roland Phelps C.Eng – President & CEO  

Email: info@galantas.com  Telephone: (UK) +44 (0) 2882 241100 

Grant Thornton UK LLP (AIM Nominated Adviser)               

Philip Secrett, Richard Tonthat                                                    

Telephone: +44(0)20 7383 5100                        

Whitman Howard  Ltd (Broker & Corporate Adviser)

Ranald McGregor-Smith, Nick Lovering

Telephone: +44(0)20 7659 1234    

Share Price

TSX-V (CDN $): 0.09

AIM (£ p): 4.875

Gold Price (oz)

USD : 1,272.50

GBP : 960.99

The figures presented here are for informational purposes of current trends only and should not be considered an exact count

This page and other parts of the website contain statements relating to the intentions of the management to develop mine production and jewellery production. Such statements are forward looking and readers are cautioned that these statements are subject to risk and uncertainties as further detailed in quarterly Management Discussion and Analysis published on www.sedar.com

Approved for website uploading : R.Phelps