Company Information for Galantas Gold Corp

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Company Statement

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.

Galantas Gold Corporation is building Ireland's first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Company's production by marketing and selling certified Galantas Irish gold jewellery.

The Company's mission is to create shareholder value by bringing Ireland's first gold mine into production and add value to the production by utilizing the rare Irish gold to fashion an exclusive line of high quality 18-carat gold jewellery.

The Company's strategic plan employs a dual approach that begins with bringing the fully permitted Omagh mining operation into production as soon as possible. A processing plant has been built and is in advanced testing. Once the mine is in full production, it is intended that part of the gold recovered from the mine will be designed into certified, 18-carat Irish Gold jewellery and marketed directly to retail channels under the Galantas brand. The remainder of the gold will be sold via a flotation concentrate off-take agreement already signed with Falconbridge Ltd.

Current Operations

OMAGH PROJECT
The Omagh Mine Project is located in County Tyrone, Northern Ireland. It extends for 20 kilometres westward from the town of Omagh to the village of Lack, covering an area measuring 189 square kilometres. The property is easily accessible by paved roads from the city of Omagh while a number of farm roads transverse the property. Two power lines that carry 33 kilovolts and 11 kilovolts traverse the eastern section of the property.

The geology of the property includes upper Dalradian medasediments which are known to host a number of gold-bearing structures. Significant gold deposits have been found in similar geological settings in Ireland and Scotland, and the strike extensions of the Dalradian belt into North America and Scandinavia host several important gold mines.

Since acquiring the property, Galantas Gold Corp and their predecessors, Omagh Minerals have focused most of their exploration efforts on the main Cavanacaw (Kearney) gold deposit by completing an additional 42 diamond drill holes and extensive overburden stripping and bulk sampling. Limited work has been carried out to define the extent of fifteen other identified mineralized structures on the mining license. 

Geographical Spread

Northern Ireland

Board of Directors and Key Management

Executive Directors
Roland Phelps C.Eng	President & CEO
L. Jack Gunter P.Eng	Chairman
Non Executive Directors
R. Alexander P.Eng
N. Brewster P.Geo
James Clancy CPA
James I Golla

Company Address 56 Botera Upper Road Omagh Co.Tyrone, N.Ireland, BT78 5LH Telephone: 02882 241100 Facsimile: 02882 241194 Email: info[at]galantas.com Website: http://www.galantas.com

Additional Address/Key Contact EXECUTIVE OFFICE / INVESTOR RELATIONS 56 Botera Road Upper Cavanacaw, Omagh Co.Tyrone, N. Ireland BT78 5LH Telephone +44 (0) 28 8224 1100 Fax +44 (0) 28 8224 1194 GALANTAS CORPORATE OFFICE Suite 500 360 Bay Street Toronto, ON M5H 2V6 Telephone 416-363-2261 or 416-361-0737 Fax 416-361-0923

Annual General Meeting Toronto

Year End December 31

Nominated Brokers Lewis Charles Securities 4-7 Chiswell Street, London EC1Y 4UP Tel : +44 (0)207 065 1152

Nominated Advisors ARM Corporate Finance Limited 12 Pepper Street, London E14 9RP Tel : +44 (0)207 512 0191

Major Shareholders

LJ Gunter	13.5%
RF Phelps	22.3%
RAB Capital	9.1%
JP Morgan Fleming	5.1%

Related News

22/10/08 - Galantas Gold Enjoys A Fruitful Relationship With Xstrata, Now That The Omagh Gold Mine Looks To Be Coming Good At Last
09/04/08 - How Do You Run A Loss-Making Operational Gold Mine In This Market? Galantas Gold Shows The Way
31/10/07 - Galantas Gold Now Has a Base From Which To Expand Its Omagh Mine
02/07/07 - Galantas Gold Nearing Significant Cashflow From Production In Northern Ireland

Most Recent Statement

28/11/08 - Management Discussion and Analysis
08/10/08 - Trading Update
18/07/08 - GALANTAS REPORTS ESTIMATED PAYBACK 2.7 YEARS
12/06/08 - GALANTAS OUTLINES RESOURCES REVIEW FOR OMAGH GOLD MINE, NORTHERN IRELAND
01/04/08 - GALANTAS OPERATIONAL UPDATE
24/12/07 - GALANTAS APPOINTS CFO, AWARDS INCENTIVE STOCK OPTIONS AND ARRANGES LOAN FOR ADDITIONAL MINING EQUIPMENT