Trading Update

GALANTAS GOLD CORPORATION
                            TSX Venture Exchange: GAL
                         London Stock Exchange AIM: GAL

   GALANTAS INCREASES GOLD PRODUCTION 65% IN SECOND QUARTER 2009 OVER Q2 2008.

6th July 2009 : Galantas Gold Corporation (the Company) has received provisional
production  tonnages  for the second quarter (April-June)  2009  (Q2)  from  its
wholly owned subsidiary Omagh Minerals Limited (OML). OML operates the only gold
mine in Ireland and produces a concentrate containing gold, silver and lead.

  April's production was 125.5 wet tonnes of concentrate and was affected  by  a
breakdown  in  the  first  half  of the month.  May  saw  264.3  wet  tonnes  of
concentrate  produced,  with June's production measuring  311  wet  tonnes  (two
consecutive monthly records), a total of 701 wet tonnes for the quarter (661 dry
tonnes).  Metal  contents remain to be fully assessed, though it is  anticipated
that  shipments for the second quarter contained approximately 1977 troy  ounces
of  gold,  5972  troy ozs of silver and 90.4 tonnes of lead. The production  and
metal  figures  are provisional and subject to averaging or umpiring  provisions
under the concentrate off-take contract with Xstrata Corporation detailed  in  a
press release dated 3rd October 2007.

The  quarter's output showed an approximate 65% increase in gold,  114% increase
in  silver and 185% increase in lead compared to the second quarter of 2008  and
an  approximately  30.8% increase in gold, 24.8% increase  in  silver  and  114%
increase in lead output compared to the first quarter of 2009. Processing  plant
throughput for Q2 2009 increased approximately 64% from Q2 2008.

The  increases in output are due in part to improvements in productivity brought
about  by increased capability of pit equipment and to enhanced lead and  silver
grades  within  the open pit. Increased sales of concentrate have improved  cash
availability  although  the Company still suffers from  a  shortage  of  working
capital.  The  unaudited financial results for the quarter will be published  in
the usual timeframe by the end of August 2009.

An  overhaul  of OML's Volvo EC460 excavator is complete and has moved  top-soil
from  part  of  the area of a second gold vein, the Kerr Vein.  A  smaller  unit
(OML's  Volvo EC140) will continue the task of removing peat and till. The  Kerr
Vein  is  offset by approximately 250 metres to the west from the Kearney  Vein,
which is the main focus of operations. The Kerr Vein pit is planned to later  be
incorporated into the paste cell tailings storage arrangement.

A  program  to  explore  OML's 653 square kilometre license  area  will  shortly
recommence. The program had earlier been put on hold to prioritise grade control
within  the open pit but management is now sufficiently confident of performance
to recommence.

The  Annual and Special Meeting of shareholders of Galantas Gold Corporation was
held  on  Monday  15th  June 2009 at The Board Of Trade,  Toronto,  Canada.  All
resolutions (as outlined in the proxy circular to shareholders) were carried.

This  disclosure  has  been reviewed by Nicholas Hardie  C.Eng  FIMMM,  (General
Manager), a qualified person under the meaning of N.I 43-101, who is responsible
for the technical information in this disclosure.  The information is based upon
local   production  and  financial  data  prepared  by  management   under   his
supervision.

Galantas Gold Corporation Issued and Outstanding Shares total 190,100,055.
Neither  the 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 news release.

SPECIAL  NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release  contains
forward-looking  statements  within the meaning of  the  United  States  Private
Securities  Litigation  Reform  Act of 1995 and applicable  Canadian  securities
laws,  including  cost  and production estimates, for the  Omagh  Gold  project.
Forward-looking  statements  are  based on estimates  and  assumptions  made  by
Galantas in light of its experience and perception of historical trends, current
conditions  and  expected future developments, as well  as  other  factors  that
Galantas believes are appropriate in the circumstances. Many factors could cause
Galantas' actual results, performance or achievements to differ materially  from
those  expressed  or implied by the forward looking statements, including:  gold
price volatility; discrepancies between actual and estimated production, between
actual  and  estimated reserves, and between actual and estimated  metallurgical
recoveries;   mining   operational  risk;  regulatory  restrictions,   including
environmental  regulatory  restrictions  and  liability;  risks   of   sovereign
involvement; speculative nature of gold exploration; dilution; competition; loss
of  key  employees;  additional funding requirements;  and  defective  title  to
mineral  claims  or  property.  These  factors  and  others  that  could  affect
Galantas's  forward-looking statements are discussed in greater  detail  in  the
section entitled "Risk Factors" in Galantas' Management Discussion & Analysis of
the  financial statements of Galantas and elsewhere in documents filed from time
to  time with the Canadian provincial securities regulators and other regulatory
authorities. These factors should be considered carefully, and persons reviewing
this   press   release  should  not  place  undue  reliance  on  forward-looking
statements. Galantas has no intention and undertakes no obligation to update  or
revise  any forward-looking statements in this press release, except as required
by law.

Enquiries:
Galantas Gold Corporation
Jack Gunter P.Eng - Chairman
Roland Phelps C.Eng - President and CEO
Email : [e-mail]
Website : www.galantas.com
Telephone : [phone]

Blomfield Corporate Finance Limited
Nick Harriss
Telephone : [phone]

Lewis Charles Securities Limited
Kealan Doyle & Nicholas Nicolaides
Telephone : [phone]

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