GALANTAS GOLD CORPORATION

TSXV & AIM : Symbol GAL

3 June 2021:  Following the announcement on 18 May 2021, Galantas Gold Corporation (the “Company” or “Galantas”) is pleased to announce the appointment of the Company’s Chief Executive Officer, Mario Stifano to the Board of Directors, and the appointment of Ocean Partners’ nominee, Brent Omland, to the Board of Directors.

Mr. Stifano is an experienced mining executive who has raised significant capital for a number of mining and resource companies in exploration, development and production such as Lake Shore Gold Corp. (now part of Pan American Silver Corp.).

Mr. Omland is a Canadian Chartered Accountant with 15 years' experience in the mining, metals and trading sectors. He has held roles with Ivernia Inc., Enirgi Metals Group and Teck. He is currently Chief Financial Officer of Ocean Partners.

Mr. Stifano commented: "I am excited by the opportunity to lead Galantas forward and bring the current operation to full production, in a highly prospective gold district. I look forward to working with my fellow Board and management team as we ramp up operations and commence exploration to expand the known high grade resources to depth and on strike, as well as identify new drill targets."

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointment of Mario Stifano (aged 50):

Current Directorships / Partnerships

• Omai Gold Mines Corp
• Lupaka Gold Corp.
• Dore Copper Mining Corp.
• Bell Copper Corp. 
• Mod Ofize Inc

Past Directorships / Partnerships (last 5 years)

• Lattice Biologics Ltd
• Lattice Biologics Inc.
• AmAuCu Mining Corporation
• Mineraux Cbay Inc. / Cbay Minerals Inc
• Mineraux CBAY Inc. CBAY Minerals Inc.
• Cordoba Minerals USA Corp
• Minerales Cordoba SAS
• Cordoba Minerals Holdings Ltd
• Cordoba Minerals Corp
• Sabre Metals Ltd
• Sabre Metals, Inc.
• Orevada Metals Inc
• 2637262 Ontario, Inc

Mr. Stifano is interested, directly in 0.23% of the issued share capital of Galantas and holds options over 1,500,000 Galantas shares and 166,667 Common Share purchase warrants.

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointment of Brent Raymond Omland (aged 41):

Current Directorships / Partnerships

• Ocean Partners UK Trading Limited
• Ocean Partners Investments Limited
• Ocean Partners Australia Pty Ltd
• Ocean Partners USA, Inc.
• Ocean Partners Holdings Limited
• Mazule Holdings
• Chemin Trading
• Fujax Holdings Limited
• Doré Copper Mining Corp.

Past Directorships / Partnerships (last 5 years)

• AmAuCu Mining Corporation
• Masivo Silver Corp
• CBAY Minerals Inc

Mr. Omland holds a minority interest in the parent company of Ocean Partners which currently holds 2.33% of the Company’s issued share capital. Mr. Omland’s indirect interest in the shares of Galantas is therefore currently 2.33% and he also directly holds options over 375,000 Galantas shares.

Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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  

Mario Stifano - CEO
Email: moc.satnalag@ofni
Website: www.galantas.com
Telephone: 001 416 453 8433

Grant Thornton UK LLP (Nomad)    

Philip Secrett, Harrison Clarke, George Grainger. 

Telephone: +44(0)20 7383 5100 

Panmure Gordon & Co (AIM Broker & Corporate Adviser)  

Nick Lovering, Hugh Rich:

Telephone: +44(0)20 7659 1234