GAL Galantas Gold Corporation

Galantas Gold Corporation (TSX VENTURE:GAL)(AIM:GAL) (the Company) is pleased to
announce that Heads of Terms have been agreed for the production, marketing and
sale of a tightly specified range of jewellery products, using Galantas Irish
gold.


The arrangement, with TJH Ltd of Dublin, Ireland (TJH), is subject to
preparation of a detailed contract and sees Galantas Irish gold, produced from
the Company's Omagh mine, being sold to TJH at a material premium to and above a
minimum London Metal Bullion price, with an additional royalty on sales payable
on a quarterly basis. TJH is an established jewellery marketer and manufacturer,
having developed other brands, including Irish oriented brands, previously.


Galantas has 100% ownership of the only working gold mine in Ireland, which is
located near Omagh, County Tyrone.


The disclosure has been reviewed and approved by Roland Phelps (President &
CEO), Galantas Gold Corporation.


SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains
forward-looking statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities
laws, including a potential joint venture jewellery arrangement for gold from
the Omagh Gold project. Forward-looking statements are based on estimates and
assumptions made by Galantas in light of its experience and perception of
historical trends, current conditions and expected future developments, as well
as other factors that Galantas believes are appropriate in the circumstances.
Many factors could cause Galantas' actual results, the performance or
achievements to differ materially from those expressed or implied by the forward
looking statements or strategy, including: gold price volatility; discrepancies
between actual and estimated production, actual and estimated metallurgical
recoveries; mining operational risk; regulatory restrictions, including
environmental regulatory restrictions and liability; risks of sovereign
involvement; speculative nature of gold exploration; dilution; competition; loss
of key employees; additional funding requirements; planning and other permitting
issues; and defective title to mineral claims or property. These factors and
others that could affect Galantas's forward-looking statements are discussed in
greater detail in the section entitled "Risk Factors" in Galantas' Management
Discussion & Analysis of the financial statements of Galantas and elsewhere in
documents filed from time to time with the Canadian provincial securities
regulators and other regulatory authorities. These factors should be considered
carefully, and persons reviewing this press release should not place undue
reliance on forward-looking statements. Galantas has no intention and undertakes
no obligation to update or revise any forward-looking statements in this press
release, except as required by law.


Galantas Gold Corporation Issued and Outstanding Shares total 256,210,395.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Galantas Gold Corporation
Jack Gunter P.Eng
Chairman
+44 (0) 2882 241100


Galantas Gold Corporation
Roland Phelps C.Eng
President & CEO
+44 (0) 2882 241100
info@galantas.com
www.galantas.com


Charles Stanley Securities (Nominated Adviser)
Mark Taylor
+44 (0)20 7149 6000

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