Issue of Equity

11th April, 2006

Galantas Gold Corporation
(TSX Venture Exchange : GAL)
(AIM - London : GAL)

Notification of Exercise of Warrants
And
Application to list new shares on AIM


Galantas Gold Corporation, a company with a gold mine in development in Northern Ireland, announces that, as a result of
the exercise of warrants, an application has been made to London's Alternative Investment Market (AIM) to admit to
trading 11,717,220 new shares. The total number of shares in issue after the warrant exercise is 143,851,855. These
warrants, exercised at Canadian $0.15, comprised in number 5,867,220 due to expire on 4 April 2006 and 5,850,000 due to
expire 14 April 2006. Following the exercise no warrants remain outstanding.

Since 31 December 2005, all of the 17,516,666 warrants outstanding as of the end of last year, have been exercised
raising a total of Canadian $2,627,500.

The funds will be applied to working capital purposes and an exploration programme. The programme will continue the
investigation of priority targets amongst more than 50 already identified.

Galantas Gold Corporation is building Ireland's first gold mine on its 189 sq km exclusive Prospecting Licence. 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 to the Company's production by marketing and selling certified Galántas ™ 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
Telephone:  [phone]
Email: [e-mail]
Jack Gunter P.Eng - Executive Chairman
Roland Phelps C.Eng - President & CEO
Moe Lavigne P.Geo - Vice President
Website: www.galantas.com

Bishopsgate Communications Ltd.
Telephone: [phone]
Nick Rome, Dominic Barretto

ARM Corporate Finance Limited
Telephone [phone]
Nick Harriss