Drilling Report

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


        GALANTAS REPORTS REMAINING INFILL DRILLING ON KEARNEY DEPOSIT

9 January 2008

Galantas Gold Corporation ("the Company") reports results, tabulated below, for
3 diamond drill holes on its Kearney deposit.  The 3 holes were the last of the
2007 campaign whose purpose was to infill the grid to approximate 25-metre
centres in advance of independent preparation of a Canadian National Instrument
(NI) 43-101 compliant resource statement.


Hole      Collar Location      From     To     Core     True   Vertical        Assays
                                               Length   Width  Depth
                                                                          g/t    g/t       %
        (Dip at Collar; Az)     (m)     (m)     (m)      (m)     (m)      gold   silver   lead

O7-46     371174N/240241E      57.22    57.38   0.16     0.11     40      33.92   5.00   <0.01
              (-44.5°
 and           270°)          164.38   166.46   2.08     1.45    115       5.20   6.81    0.40
 including                    165.07   165.55   0.48     0.33    115      14.40  18.00    1.29

O7-48     371217N/240229E     162.74   168.76   6.02     4.21    115       5.95   3.99    0.02
              (-45.5°
               270°)
including                     162.74   166.31   3.57     2.50    115       8.95   6.73    0.03

O7-49      371275/240250E     187.15   187.41   0.26     0.18    130       1.94   3.94    0.01
           (-45°    270°)


Drill Holes 07-46 and 07-48 intersected the Kearney deposit as projected,
confirming depth persistence in the northern sector of the deposit. Drill Hole
07-49 tested the northern extremity of the Kearney deposit which is interpreted
to have been largely cut out by the Luis Shear Zone, a major cross cutting
structure running sub-parallel to Kearney.

All of the results are now in the hands of the Company's independent consulting
geologists, A. C. A. Howe International Limited, who advise that a NI 43-101
compliant report is in the final stages of preparation.

The drilling programme is under the supervision of the Company's geological
staff who work under the general direction of L. J. Gunter, P. Eng (Ontario),
the Qualified Person for the programme.  Sampling methodology, security and data
verification followed standard protocols as previously detailed on April 5,
2006. The core samples were analysed (gold by fire assay and other metals by ICP-
ORE) at OMAC Laboratories Ltd., an independent certified CCRMP & ISO 17025
laboratory located in Galway, Ireland.

The Company has 175,675,855 common shares issued and outstanding.

The TSX Venture Stock Exchange has not commented upon and accepts no
responsibility for the content of this press release.

Enquiries

Galantas Gold Corporation                   Telephone:    [phone]
Roland Phelps, President and CEO            E-mail:      [e-mail]
Jack Gunter, Chairman                       Website:      www.galantas.com

Blomfield Corporate Finance Ltd.            Telephone:    [phone]
Nick Harris

Lewis Charles Securities Limited            Telephone:    [phone]
Kealan Doyle