Further re Issue of Equity

GALANTAS GOLD CORPORATION

TSXV and AIM: Stock Symbol - "GAL"

Further re Issue of Equity

13 October 2010

Further to the Company's 'Issue of Equity' announcement dated 8 June 2010, the Company hereby announces that application has been made for the 21,000,000 common shares issued pursuant to the first tranche of the private placement ('Placing Shares') to be admitted to trading on AIM. It is expected that dealings in the Placing Shares will commence at 8:00am on 19 October 2010.

Enquiries:

Galantas Gold Corporation

Jack Gunter P.Eng - Chairman

Roland Phelps C.Eng - President & CEO

Email: [email protected]

Website: www.galantas.com

Telephone: +44 (0) 2882 241100

Religare Capital Markets

Telephone: +44 (0) 20 7444 0800 Nick Harriss/Ben Jeynes

Beaufort International Associates Ltd

Telephone: +44 (0) 20 7930 8222