Galantas Jewellery Launch

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

                            GALANTAS JEWELLERY LAUNCH

5 November 2007

Galantas  Gold  Corporation (the Company) reports that it has been  informed  by
Aurum Group (Goldsmiths) that the launch of the Galantas product range will take
place in Goldsmiths stores in January 2008. Originally expected in mid November,
the delay is due to the short period available for phased product integration at
a  busy  time of year. Goldsmith now plans a launch of the Galantas  range  that
will coincide with its own promotions launch in January.

Products  are  expected  to be available via an e-commerce  enabled  website  at
www.galantas.com at the end of November.

Galantas Gold Corporation Issued and Outstanding Shares total 175,675,855.

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the contents of this news release.

Enquiries

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

Blomfield Corporate Finance Limited             Telephone:  [phone]
Nick Harriss

Lewis Charles Securities Limited                Telephone:  [phone]
Kealan Doyle