GALANTAS SHIPS FIRST CONCENTRATE FROM OMAGH GOL...

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

15 February 2007

          GALANTAS SHIPS FIRST CONCENTRATE FROM OMAGH GOLD MINE

Galantas  Gold  Corporation, which has a 100% interest in  Ireland's  only  gold
mine,  today announced shipment of the first container, containing approximately
14.5  tonnes  of  flotation concentrate, from the Omagh Mine, County  Tyrone  to
Falconbridge Ltd (a subsidiary of Xstrata plc) in Canada.

Issued and Outstanding Shares total 162,251,855.

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]
Jack Gunter P.Eng - Executive Chairman
Roland Phelps C.Eng - President & CEO
Moe Lavigne P.Geo - Vice President
Email: [e-mail]
Website: www.galantas.com

ARM Corporate Finance Limited                Telephone:  [phone]
Nick Harriss

Lewis Charles Securities Limited.            Telephone:  [phone]
David Scott