TIDMGAL

RNS Number : 5469J

Galantas Gold Corporation

14 December 2022

Block Admission Return and Total Voting Rights

December 14, 2022, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangement announced on June 9, 2022.

 
 Name of Company                         Galantas Gold Corporation 
 Name of Scheme                          May 14, 2021 Warrants 
                                        ----------------------------- 
 Period of Return (from/to)              14 June 2022 to 13 December 
                                          2022 
                                        ----------------------------- 
 Number and class of securities          17,255,265 New Common Shares 
  not issued at the start of the 
  period under the scheme 
                                        ----------------------------- 
 Number of securities issued             2,815,034 New Common Shares 
  under the scheme during the 
  period 
                                        ----------------------------- 
 Balance under the scheme of             14,440,231 New Common Shares 
  securities not yet issued at 
  the end of the period 
                                        ----------------------------- 
 Number and class of shares originally   17,255,265 New Common Shares 
  admitted and the date of admission      admitted on June 14, 2022 
                                        ----------------------------- 
 Name of contact and telephone           Alan Buckley, CFO 
  number                                  +353 87 221 7448 
                                        -----------------------------

As at December 14, 2022, the Company has an issued share capital of 103,518,509 Ordinary Shares. The Company does not hold any shares in treasury.

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

SP Angel Corporate Finance LLP (AIM Broker)

David Hignell, Charlie Bouverat (Corporate Finance)

Grant Barker (Sales & Broking)

Telephone: +44(0)20 3470 0470

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including the results of exploration programs, and mine development at the Omagh Gold Project. Forward-looking statements are based on estimates and assumptions made by Galantas in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Galantas believes are appropriate in the circumstances. Many factors could cause Galantas' actual results, the performance or achievements to differ materially from those expressed or implied by the forward looking statements or strategy, including: gold price volatility; discrepancies between actual and estimated production, actual and estimated metallurgical recoveries and throughputs; mining operational risk, geological uncertainties; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of or availability of key employees; additional funding requirements; uncertainties regarding planning and other permitting issues; and defective title to mineral claims or property. These factors and others that could affect Galantas' forward-looking statements are discussed in greater detail in the section entitled "Risk Factors" in Galantas' Management Discussion & Analysis of the financial statements of Galantas and elsewhere in documents filed from time to time with the Canadian provincial securities regulators and other regulatory authorities. These factors should be considered carefully, and persons reviewing this press release should not place undue reliance on forward-looking statements. Galantas has no intention and undertakes no obligation to update or revise any forward-looking statements in this press release, except as required by law.

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