TIDMGAL

RNS Number : 4812Z

Galantas Gold Corporation

15 May 2023

Block Admission of Shares

May 15, 2023, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") provides an update in relation to the Company's block admission arrangements (the "Block Admission").

The warrants available for the issue and allotment of any New Common Shares in conjunction with the May 14, 2021 financing expired on May 14, 2023. Accordingly, the Block Admission associated with the warrants has been cancelled.

A final Block Admission update pursuant to Schedule Six of the AIM Rules for Companies is set out below:

 
 Name of Company                  Galantas Gold Corporation 
 Name of Scheme                   May 14, 2021 Warrants 
 Period of Return (from/to)       14 December 2022 to 14 May 
                                   2023 
 Number and class of securities   14,410,231 New Common Shares* 
  not issued at the start of 
  the period under the scheme 
 Number of securities issued      78,000 New Common Shares 
  under the scheme during the 
  period 
 Balance under the scheme of      Nil New Common Shares (expired 
  securities not yet issued at     on May 14, 2023) 
  the end of the period 
 Number and class of shares       17,225,265 New Common Shares 
  originally admitted and the      admitted on June 14, 2022 
  date of admission 
 Name of contact and telephone    Alan Buckley, CFO 
  number 
                                   +353 87 221 7448 
                                 ===============================

*The previous Block Admission update released on 14 December 2022 incorrectly stated the number of securities not issued as 14,440,231 The correct figure as at 14 December 2022 was 14,410,231 as restated here.

The Company has no other Block Admissions.

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, and exploring the Gairloch Project hosting the Kerry Road gold-bearing VMS deposit in Scotland.

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

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END

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May 15, 2023 12:59 ET (16:59 GMT)

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