Acquisition of Land

Galantas Gold Corporation
Toronto Venture Exchange
London Stock Exchange, AIM
25th May 2006             "GAL"

Galantas Makes Strategic Land Acquisition

Galantas Gold Corporation announces an expansion of land holdings at its Omagh Gold Mine through the purchase of
adjacent property. This strategic acquisition is part of the Company's plan for growth as the land contains gold
mineralisation lying within 1 kilometre of the Kearney pit and processing plant currently being readied for production.


The gold mineralization was discovered by Rio Tinto in the late 1980's through reconnaissance drilling of a 140 metre
long geochemical anomaly.  Five holes intersected gold mineralisation of a style similar to that found in Kearney. An
Induced polarisation anomaly coinciding with the mineralization extends a further 500 metres along strike.

The historical Rio Tinto drill data is encouraging but suffered from core loss due to the friable nature of the vein
material. Galantas has started a drill program in order to verify the results and expand the scope of the Rio Tinto
drilling. Core will be of HQ size with triple tubes so as to maximise recovery. The Competent Person responsible for the
program is M.J.(Moe) Lavigne P.Geo.

The purchase price of £367,000 (CDN$ 769,607) includes two valuable potential building sites within 6.12 hectares (15.12
acres) of land. The property adjoins land already owned by the company and has access to a public highway. With Stamp
Duty Land Tax and Registration Charge, the total cost amounts to £378,510 (CDN$ 793,744). The price reflects buoyant
property values in Northern Ireland, important to the underlying asset value of the 167 acres of land already owned by
the Company. The purchase includes only surface rights as rights to gold and silver are already held by the Company
through its 189 sq km Crown License.

Galantas Gold Corporation is building Ireland's first gold mine. The corporate aim is to increase the resource base on
the property through exploration and mine development, to expand mine production in stages, and to add value by
marketing and selling certified Galantas ™ Irish gold jewellery.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the
contents of this news release. This press release includes certain "Forward-Looking Statements" within the meaning of
the US Private Securities Reform Act of 1995.  Other than statements of historical fact, all statements are
"Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors.  There
can be no assurance that such statements will prove accurate.  Results and future events could differ materially from
those anticipated in such statements.  Readers of this press release are cautioned not to place undue reliance on these
"Forward-Looking Statements".

Enquiries:

Galantas Gold Corporation               [phone]
Jack Gunter P.Eng  Executive Chairman
Roland Phelps C.Eng  President & CEO
Moe Lavigne P.Geo  Vice President
Website: www.galantas.com
Email: [e-mail]

Bishopsgate Communications Ltd.         [phone]
Nick Rome
Dominic Barretto

ARM Corporate Finance Limited           [phone]
Nick Harriss

Lewis Charles Securities Limited        [phone]
David Scott