Mr. Mario Stifano reports

GALANTAS GOLD GRANTS STOCK OPTIONS

Galantas Gold Corp. has granted 3,175,000 incentive stock options on the company's common shares to directors, employees and consultants, in accordance with the terms of the company's incentive stock option plan. The exercise price for the options, which expire on April 29, 2029, is 23 cents per share, and the grant of these options was approved by the board of directors on April 23, 2024. The options will vest as to one-third immediately and one-third on each of April 29, 2025, and April 29, 2026, and are valid for a five-year period from the date of grant.

The options issued to directors, employees and consultants are noted in an attached table.

The company's stock option plan allows for the issuance of up to 10 per cent of issued and outstanding share capital in the form of incentive stock options. The total number of incentive stock options outstanding prior to this award was 5,777,500, which results in the total number of incentive stock options now outstanding for the company being 8,952,500, representing 7.8 per cent of the company's issued and outstanding shares, which total 114,535,293.

The aforementioned stock option grants are subject to TSX Venture Exchange approval.

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 volcanogenic massive sulphide deposit in Scotland.