UPDATE ON JUDICIAL REVIEW OF PLANNING CONSENT

GALANTAS GOLD CORPORATION

TSXV and AIM: Stock Symbol - 'GAL'

GALANTAS UPDATES ON JUDICIAL REVIEW OF PLANNING CONSENT

4 March 2016. Galantas Gold Corporation (the "Company") is able to today confirm that a third party has obtained leave from Belfast High Court to bring a judicial review of the planning consent granted by Department of Environment Northern Ireland, for the Company's underground mine near Omagh, County Tyrone. The review is expected to be heard 27-29 September 2016. The Company outlined the potential for a legal challenge on 13 October 2015.

Roland Phelps, President & CEO, Galantas Gold Corporation said, "The review should remove any dispute regarding the status of the planning consent. I am unable to make further comment regarding the review as it is before the Court. "

Exploration drilling continues at the Omagh site and additional results are expected in the near term.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Enquiries : Galantas Gold Corporation Website: www.galantas.comL. Jack Gunter P.Eng - Chairman Roland Phelps C.Eng - President & CEO

Email: [email protected] Telephone: (UK) +44 (0) 2882 241100 

Grant Thornton UK LLP (AIM Nominated Adviser)

Philip Secrett, Richard Tonthat

Telephone: +44(0)20 7383 5100

Whitman Howard Ltd (Broker & Corporate Adviser) 

Ranald McGregor-Smith, Nick Lovering

Telephone: +44(0)20 7659 1234