Galantas Adds 13 New Gold Exploration Targets

GALANTAS GOLD CORPORATION
                           TSXV & AIM : Symbol GAL
                 GALANTAS ADDS 13 NEW GOLD EXPLORATION TARGETS

7 January 2010

Galantas  Gold Corporation  (TSX  Venture:  "GAL")  (AIM:
"GAL")(The  Company)  has  received a report from its wholly  owned  subsidiary,
Omagh Minerals Limited (OML), summarizing results of exploration carried out  in
the  fourth  quarter of 2009 on its three license areas in Counties  Tyrone  and
Fermanagh, Northern Ireland.  OML owns and operates an open pit gold  mine  near
Omagh in County Tyrone.

Omagh Minerals geological staff assisted by an independent qualified prospecting
geochemist  covered  180 square kilometres of their licences  with  infill  soil
sampling and conventional prospecting. Analyses of the results has disclosed  13
new  gold targets, additional to those drill-ready targets reported in  2008  by
ACA Howe (Press Release 12th June, 2008). The programme also enabled the Company
to  test coincident targets identified from previous third party prospecting and
from "Tellus" data. (Tellus was a government-funded regional exploration program
that  recently  covered  the whole of Northern Ireland).  The  total  number  of
targets for follow-up exploration now thus has risen to 122.

The  highlights  of  the report are summarized in the following.  Locations  are
coded for commercial confidentiality.

LICENSE  OM 1/03

A1   Follow-up prospecting on a stream containing a boulder train extending over
425 metres has revealed mineralized float further upstream.  A Press Release  of
16th  September,  2009, reported that 8 float samples contained  more  than  0.5
grammes  per tonne gold and peak values of 20.7 grammes per tonne gold and  79.6
grammes  per  tonne silver. Detailed prospecting has confined the  target  to  a
particular stretch of the stream, enabling future work to be focused.

(Float  is defined as loose rock considered to be relatively close to  point  of
formation, but whose specific bedrock source is uncertain).

G1   Prospecting in a stream bed north of the mine site where there are a number
of  soil  and  deep  overburden  gold  anomalies  uncovered  several  pieces  of
mineralised  float containing anomalous gold and other metal values (peak  value
of  218  parts  per billion gold, 1.5 parts per million silver and 3.56  percent
copper), indicating a local source of mineralisation.

Earlier work, reported on 25th September, 2005, disclosed sampling results for a
boulder  train  which  was  the  subject of a  data  verification  programme  on
historical  data.  Historic reconnaissance sampling of stream boulders  produced
176  samples  that  assayed  greater than 1 gram per  tonne  gold  of  which  15
contained greater than 73 grammes per tonne gold. The richest sample assayed 156
grammes per tonne gold. The stream beds were re-sampled and 19 samples submitted
for  assay  of  which  7 assayed greater than 1.0 grammes per  tonne  gold,  the
highest  being  40.00  grammes per tonne.  In addition to confirming  historical
sampling   data,  gold-bearing  boulders  were  also  discovered  in  previously
unsampled stream beds 1.5 kilometres to the northwest.

Previous  holders of the license (Riofinex) studied glaciation in the  area  and
concluded  that  glacial movement was not more than a few  hundred  metres  from
bedrock  source.  The study is historical and the results have not been verified
by OML.

H1  Reconnaissance prospecting in a stream whose sediments contained anomalously
high  gold  values disclosed sheared rocks containing anomalous gold and  silver
values  (peak  of  15 parts per billion gold and 0.6 parts per million  silver).
Further prospecting is planned.

License  OM  2/08  Over 60% of the License has been covered with  regional  soil
sampling, and targets have been defined, as follows:

A2   Quartz  veins with anomalous gold and silver (peak values of 36  parts  per
billion  gold  and 3.7 parts per million silver) were found in an area  of  high
geochemical gold and silver and associated base metal values.

B2    Gold was panned from a stream draining a hill with anomalous gold and base
metal values.

C2    Infill  soil  sampling  over  a 28 square kilometre  area  discloses  a  3
kilometre  trend  of  anomalous gold, silver and base metal values,  the  latter
considered pathfinder elements. Samples of outcrop and float show peak values of
0.5  parts  per  million gold and 2.7 parts per million silver.  The  target  is
assigned a high priority for follow-up.

D2    Detail  prospecting  of  a  Tellus gold-in-soil  anomaly  has  revealed  a
coincident  gold-in-soil anomaly with strong correlation with pathfinder  copper
which is anomalous over an area of 25 square kilometres, in which has been noted
float with sulphide mineralisation.

E2    Massive  sulphide mineralisation in outcrop has been discovered associated
with  a regional fault which has been found to contain anomalous levels of  gold
and local high silver values (peak value of 32 parts per million).

A3   A 60 square kilometre of anomalous gold-in-soil and in stream sediments has
been traversed and a follow-up prospecting programme designed.

Control Procedure

The  exploration programme is under the supervision of the Company's  geological
staff,  who  work under the general direction of L. J. Gunter, P. Eng (Ontario),
Chairman  -  Galantas Gold Corporation, the Qualified Person for the  programme.
Sampling methodology, security and data verification followed standard protocols
as previously detailed on April 5, 2006. The 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.

Galantas Gold Corporation Issued and Outstanding Shares total 190,100,055.

Neither 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 release.

Enquiries

Galantas Gold Corporation
Jack Gunter P.Eng - Chairman
Roland Phelps C.Eng - President & CEO

Email: [e-mail]
Website: www.galantas.com
Telephone:   [phone]

Blomfield Corporate Finance Ltd
Nick Harriss
Telephone:  [phone]

Beaufort International Associates Ltd
Tanvier Malik
Telephone:  [phone]