Issue of Equity

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

24 November 2006

Galantas Gold Corporation (`Galantas' or the `Company'), announces that it has applied for 14,000,000 common shares of
no par value to be admitted to trading on AIM. The shares were issued pursuant to a private placement completed by the
Company earlier this year, and as announced on 28 July 2006. These shares will rank pari passu with the existing
ordinary shares of the Company, and are expected to commence trading on 27 November 2006.

Issued and Outstanding Shares total 157,851,855

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the
contents of this news release. This press release includes certain "Forward-Looking Statements" within the meaning of
the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are
"Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There
can be no assurance that such statements will prove accurate. Results and future events could differ materially from
those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these
"Forward-Looking Statements".

Enquiries :

Galantas Gold Corporation
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
Telephone:  [phone]

Bishopsgate Communications Ltd.
Dominic Barretto, Nick Rome
Website: www.bishopsgatecommunications.com
Telephone: [phone]

ARM Corporate Finance Limited
Nick Harriss  Telephone: [phone]

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