GALANTAS NAMES LEO O'SHAUGHNESSY AS NEW CHI...

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

                                                                  8th July 2008

         GALANTAS NAMES LEO O'SHAUGHNESSY AS NEW CHIEF FINANCIAL OFFICER


Galantas  Gold  Corporation  (`Galantas' or the `Company'),  which  has  a  100%
interest  in  Ireland's  only  gold  mine, reports  that  it  has  accepted  the
resignation of its Chief Financial Officer, Brent Routledge, effective July  18,
2008.  Due to family reasons, Mr. Routledge was not able to complete his move to
the  base  of  operations in Northern Ireland.  He has agreed to stay  on  in  a
consulting  capacity  after  July  18 until  such  time  as  the  Company  deems
appropriate.   The Directors of the Company appreciate the help  and  assistance
provided and wish Mr. Routledge success in his future endeavours.

Leo  O'Shaughnessy, (58) of Dublin, Ireland has agreed to become Chief Financial
Officer  of  the  Company, commencing September 2008.  Mr.  O'Shaughnessy  is  a
chartered  accountant with over 30 years experience in both private  and  public
companies with significant experience in the mining industry. From 1996 to 2002,
he  was Finance Director for Anglo American plc's zinc/lead Lisheen Mine located
in  Ireland,  during  the  period when this mine  was  brought  into  commercial
production. From 1976 to 1996, he was Group Accountant and Financial  Controller
for Tara Mines Ltd., a zinc/lead mine, also located in Ireland. From 2002 he has
operated  his  own  consultancy business involving various activities  including
(2002-2005)  Head of Marketing for Tara Mines Ltd., (2005-2007) Chief  Financial
Officer  for PGM Ventures Corporation (Iberian Minerals Corp.) and is  currently
Chief Financial Officer for Cadillac Ventures Inc.

Although this is not an appointment as a director of the Company and in
accordance with Schedule 2 (g) of the AIM Rules for Companies, the following
information is disclosed in relation to the appointment of Mr. O'Shaughnessy:





    Current Directorships                  Previous Directorships
                                         (within the last five years)

   Laticrete Ireland Limited                        None


There are no further disclosures, in relation to Leo O'Shaughnessy, to be made
in accordance with Schedule 2 (g) of the AIM Rules for Companies.

In  the interim period, Roland Phelps, the President and Chief Executive Officer
will  assume the duties of Chief Financial Officer, with the assistance  of  Mr.
Routledge.

The  operational  open pit mine is situated near Omagh, County Tyrone,  Northern
Ireland.  The mine produces a flotation concentrate containing gold, silver  and
lead, which is exported and sold to a Canadian smelter. Some gold from the  mine
is  down-streamed into certified Irish gold jewellery which is sold  on-line  at
www.galantas.com and via leading UK & Irish retailers.

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
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
Telephone : [phone]