Mr. Mario Stifano reports

GALANTAS GOLD DRILLS 19.8 GRAMS/TONNE GOLD OVER 1.7 METRES AT THE OMAGH PROJECT

Galantas Gold Corp. has provided results for a hole drilled from an underground platform within the second level of the Kearney vein development at the Omagh project in Northern Ireland.

Hole FR-DD-23-UG-193 intersected 19.8 grams per tonne (g/t) gold (Au) and 11.3 g/t silver (Ag) over 1.7 metres targeting the Kearney B-lens (see attached table). This is the most northerly intersection in the latest underground drill program, and provides important information on the course and continuity of mineralization outside the main Kearney vein.

A new surface drilling program is under way at Omagh to test a predicted dilation zone at the Joshua vein which has potential to host higher widths of mineralization (see Galantas's news release dated June 22, 2023).

Mario Stifano, chief executive officer of Galantas, commented: "Our drill program continues to yield positive results, improving our understanding of the high-grade gold mineralization below the Omagh mine. We're pleased with the outcome of this final underground hole at the main Kearney vein as we transition our drill program from underground to surface to target the other main Joshua vein and potentially add to the number of dilation zones previously delineated from historical drilling. We look forward to reporting on these drill results as they become available."

Qualified person and quality assurance and control

Scientific and technical disclosures in this news release have been reviewed and approved by Dr. Sarah Coulter, who is considered, by virtue of her education, experience and professional association, a qualified person under the terms of National Instrument 43-101. Dr. Coulter is not considered independent under NI 43-101 as she is the chief geologist of Galantas Gold.

Galantas Gold operates according to rigorous internal quality assurance and quality control (QA/QC) protocols with respect to the insertion of blanks, standards and duplicates into the sample stream prior to dispatch to ALS Laboratory, which are consistent with industry best practices. The QP has reviewed the QA/QC results in relation to these drill results and is satisfied that the results as reported are reliable.

About Galantas Gold Corp.

Galantas Gold is a Canadian public company that trades on the TSX Venture Exchange and the London Stock Exchange Alternative Investment Market, both under the symbol GAL. It also trades on the OTCQX exchange under the symbol GALKF. The company's strategy is to create shareholder value by operating and expanding gold production and resources at the Omagh project in Northern Ireland, and exploring the Gairloch project hosting the Kerry Road gold-bearing VMS (volcanogenic massive sulphide) deposit in Scotland.

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