Galantas Reports Tripling of License Area

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

                              GALANTAS REPORTS TRIPLING OF LICENSE AREA

4 December 2007

Galantas Gold Corporation (the 'Company') reports that it has received Exploration Licenses from the Crown Estate, for
gold and silver, over an additional 464.1 sq.kms of land in Northern Ireland. The new licences are contiguous with the
Company's existing 189 sq.kms license and extend that license to the west and north-west. The Licenses are dated 1st
November 2007 and were received on 3rd December 2007.

There is Crown prerogative over gold and silver in Northern Ireland and most of the United Kingdom. The rights lie with
the Crown Estate and therefore to explore (or mine) for those metals a license (or lease) is required.

A regional exploration program, called Tellus, funded by the Department of Enterprise, Trade and Investment and managed
by the Geological Survey of Northern Ireland, has produced data related to the new license areas. The data is available
but is yet to be fully evaluated by the Company.

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 Ltd                  Telephone: [phone]
Nick Harriss

Lewis Charles Securities Limited                 Telephone:  [phone]
Kealan Doyle