Result of AGM

16 JUNE 2006

                            GALANTAS GOLD CORPORATION
                          (TSX VENTURE EXCHANGE : GAL)
                              (AIM - LONDON : GAL)

                                  RESULT OF AGM


The  Board  of Directors of Galantas Gold Corporation (the "Company")  announces
that  the  Annual and Special Meeting was held on 14 June 2006 at  BCE Place  in
Toronto,  Canada.  The  resolutions as notified to  shareholders  in  the  proxy
circular, a copy of which may be found on www.sedar.com, were passed.

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.

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