Mr. Mario Stifano reports

GALANTAS GOLD DRILLS 13.1 GRAMS/TONNE GOLD OVER A 2.5-METRE INTERSECTION AT THE OMAGH PROJECT

Galantas Gold Corp. has released the results for the first hole from the new surface drill program at the Omagh project in northern Ireland.

Hole FR-DD-23-196 targeted a gap in the earlier resource model on the main Joshua vein, intersecting 13.1 grams per tonne (g/t) gold (Au) and 91.6 g/t silver (Ag) over 2.5 metres.

The hole passes through an undrilled area of the earlier resource model and falls within a predicted dilation zone. Other significant results attained within this dilation trend include hole OM-DD-12-122 which intersected 21.2 g/t Au over 2.1 metres, hole OM-DD-13-147 which intersected 12.4 g/t Au over 5.6 metres and hole OM-DD-12-103 which intersected 8.4 g/t Au over 26.6 metres.

Mario Stifano, chief executive officer of Galantas, commented: "We are pleased with the encouraging early results of our new drill program from surface. As we continue drilling on the Joshua vein, we will test the downdip potential of this dilation zone with the aim of expanding the resource to ultimately add to the Omagh mine's production capacity."

Qualified person and quality assurance and control

Scientific and technical disclosures in this press 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 AIM market. 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 (volcanic massive sulphide) deposit in Scotland.

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