Mr. Mario Stifano reports

GALANTAS GOLD PROVIDES UPDATE ON NON-BROKERED PRIVATE PLACEMENT

Further to its news release dated Nov. 9, 2023, Galantas Gold Corp. now expects its proposed non-brokered private placement of up to $3-million (U.S.) aggregate principal amount of unsecured convertible debentures of the company to close during the week of Dec. 11, 2023.

The offering remains subject to the acceptance of the TSX Venture Exchange. The securities issued pursuant to the offering will be subject to a four-month hold period under applicable Canadian securities laws. For more information about the offering, please refer to the company's news release dated Nov. 9, 2023, entitled "Galantas Gold Announces up to US$3.0 Million Private Placement of Unsecured Convertible Debentures," available on SEDAR-plus under the company's issuer profile.

About Galantas Gold Corp.

Galantas Gold'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 deposit in Scotland.

We seek Safe Harbor.