TIDMGAL

RNS Number : 7830M

Galantas Gold Corporation

25 May 2022

GALANTAS GOLD CORPORATION

Exercise of Warrants

May 25, 2022. Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") announces the early exercise of 150,000 warrants at an exercise price of CAD$0.40 ("Warrants"). A total of 17,808,598, CAD$0.40 Warrants from the May 14, 2021, financing remain outstanding and are due to expire on May 14, 2023 (see May 18, 2021 news release).

150,000 Common Shares are expected to be admitted to trading on AIM on May 31, 2022 ("Admission").

Following Admission, the number of Common Shares in issue in the Company will increase to 83,166,801.

About Galantas Gold Corporation

Galantas Gold Corporation is a Canadian public company that trades on the TSX-Venture Exchange and the London Stock Exchange AIM market, both under the symbol GAL. It also trades on the OTCQX Exchange under the symbol GALKF. The Company's strategy is to create shareholder value by operating and expanding gold production and resources at the Omagh Project in Northern Ireland.

Enquiries

Galantas Gold Corporation

Mario Stifano: Chief Executive Officer

Email: info@galantas.com

Website: www.galantas.com

Telephone: +44(0)28 8224 1100

Grant Thornton UK LLP (AIM Nomad)

Philip Secrett, Harrison Clarke, George Grainger, Samuel Littler

Telephone: +44(0)20 7383 5100

Panmure Gordon & Co (AIM Broker & Corporate Adviser)

Nick Lovering, Hugh Rich, John Prior

Telephone: +44(0)20 7886 2500

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May 25, 2022 06:28 ET (10:28 GMT)

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