Amendment

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

14 January 2007

                             CORRECTION TO 13th JANUARY PRESS RELEASE

Galantas regrets a mistake in its press release of 13th February 2007. The term loan of £250,000 currently being
arranged with Allied Irish Banks plc is at a proposed interest rate of 7.25% and not 5.25% as stated.

Issued and Outstanding Shares total 162,251,855.

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

ARM Corporate Finance Limited             Telephone: [phone]
Nick Harriss

Lewis Charles Securities Limited.         Telephone: [phone]
David Scott