Statement re. Share Price Movement

GALANTAS GOLD CORPORATION
TSX Venture Exchange: GAL
London Stock Exchange AIM: GAL
3rd November 2006

Galantas Gold Corporation - Share Trading Activity

The Board of Galantas has noted the increase in its share price.  Galantas was covered by a British Broadcasting
Corporation (BBC) news report on Monday and Tuesday, October 30th and October 31st, 2006.  The report also received
attention by other media.  Increased share trading volumes have occurred since BBC published the report.

Galantas expects in the near future to announce commencement of commissioning of its Irish gold mine as was reported in
a press release issued September 22nd, 2006.

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                         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

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

ARM Corporate Finance Limited                     Telephone: [phone]
Nick Harriss
Lewis Charles Securities Limited.                 Telephone: [phone]
David Scott