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Potential Challenge to Planning Consent

GALANTAS GOLD CORPORATION

TSXV and AIM:  Stock Symbol – ’GAL’

POTENTIAL CHALLENGE TO PLANNING CONSENT

13th October 2015 : Galantas Gold Corporation (“Galantas” or “the Company”) has been made aware of what purports to be pre-action correspondence from an individual who intends to challenge, by judicial review, the actions of the Department of Environment Northern Ireland (DOENI) in granting planning permission for underground mining beneath the existing open pit.

Environment Minister, Mark H Durkan, announced approval of the underground extension on 11th June 2015, including strict environmental conditions. The approval was the result of detailed, independent environmental studies, which were the subject of intensive scrutiny by regulators and the public over a two year period.

Since the grant of permission, Galantas has been actively preparing for implementation of the consent, which is expected to create hundreds of jobs in the Omagh area and the Company has been inundated with local job applications.

Roland Phelps, President & CEO of Galantas Gold Corporation said, “I expect a judicial review, if brought to the High Court in Belfast, to support the planning approval as granted. The individual challenging the decision raised concerns during the planning process and I note that these concerns were carefully examined by DOENI Planning Service. The Company will be seeking additional information and will advise shareholders of material information if it arises.”

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.

Galantas Gold Corporation’s Issued and Outstanding Shares total 107,297,155.

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 (Nomad)                 

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