Notice of AGM and Special Meeting of Shareholders

18th May 2006

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

Notification of Annual and Special Meeting of Shareholders

Galantas Gold Corporation ("Galantas" or "the Company"), a company with a gold mine in development in Northern Ireland,
has today posted to its shareholders the following information pertaining to its Annual and Special Meeting of
Shareholders to be held at the offices of McMillan Binch Mendelsohn LLP located at BCE Place, Suite 4400, Bay Wellington
Tower, 181 Bay Street, Toronto, Ontario, Canada on June 14, 2006 at 2.00pm local time:

- Notice
- Management Information Circular
- Form of Proxy

The documents can be read on www.SEDAR.com.

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 total number of shares in issue is 143,851,855.

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]
Dominic Barretto
Nick Rome

ARM Corporate Finance Limited
Telephone [phone]
Nick Harriss