Change of Adviser

Galantas Gold Corporation
                                ('Galantas' or 'the Company')

                                      Change of Adviser

1 November 2007

Galantas hereby announces that its appointed nominated adviser, ARM Corporate Finance Limited, has changed its name to
Blomfield Corporate Finance Limited with immediate effect.  It was announced today that ARM Corporate Finance Limited
has been acquired by Hichens, Harrison & Co plc, and has combined its business with that of Blomfield Street Securities
Limited under the name Blomfield Corporate Finance Limited.

Enquiries

Galantas Gold Corporation              Telephone:  [phone]
Roland Phelps, President & CEO         Email:        [e-mail]
Jack Gunter, Chairman                  Website:       www.galantas.com

Blomfield Corporate Finance Ltd        Telephone:  [phone]
Nick Harriss

Lewis Charles Securities Limited       Telephone:  [phone]
Kealan Doyle