Drilling Report

GALANTAS GOLD CORPORATION
                                      TSX Venture Exchange: GAL
                                    London Stock Exchange AIM: GAL
10th December 2007

                      GALANTAS CONFIRMS HIGH GRADE ZONE IN KEARNEY GOLD DEPOSIT

Galantas Gold Corporation announces diamond drill core assay results from 4 additional holes in its Kearney gold deposit
in Northern Ireland. Significant results include:

                          KEARNEY VEIN - CORE DRILLING RESULTS, November, 2007

                                            Core                        Grade   Grade
          Collar Location   From     To    Length    True    Vertical   (g/t    (g/t       Grade
Hole ID    Dip at Collar    (m)     (m)     (m)      Width    Depth     gold)   silver)   (%Lead)

OM-DD-
07-43    371175N/240125E   53.95   54.65    0.70     0.49     38.35     18.13   16.95      0.07
              -45.3

OM-DD-
07-44    371071N/240171E   98.64   98.76    0.12     0.08     69.99     16.58   14.49      0.78
              -45.2

OM-DD-
07-45    370677N/240224E   41.70   41.87    0.17     0.12     29.33      1.98     <5       <.01
   and        -44.7        83.27   83.50    0.23     0.16     58.57      5.44     <5       <.01

OM-DD-
07-47    371093N/240205E  175.09  177.94    2.85     2.02    121.63     18.18  111.39      2.09
including     -44.0       175.09  176.84    1.75     1.24    121.63     29.09  179.35      3.39
   and                    208.77  211.68    2.51     1.77    145.02      7.77    4.90      0.34
including                 210.47  210.71    0.24     0.17    146.20     42.08   25.60      0.16


OM-DD-07-47 tested the strike extent of the notably high grade mineralization intersected at a vertical depth of
approximately 200 metres in hole OM-DD-07-41 (Reference: press release of 17 October, 2007).    Significant shallow gold
intersections in earlier holes OM-DD-06-05 and OM-DD-07-06 (press release dated September 22, 2006) are interpreted to
represent the same high grade zone at surface within the Kearney deposit. Thus, the high grade "core zone" appears to be
an open ended steeply plunging zone of mineralization which extends from surface to a minimum of 200 metres in vertical
depth.  Its strike extent is at least 25 metres, since it was intersected in 2 holes 25 metres apart.

Drilled in the northern part of the Kearney vein as a shallow infill hole, OM-DD-07-43 intersected 4 areas of elevated
gold grades (>1g/t) including an important intersection of 18.13g/t Au over 70cm that included a gold value of 35.20g/t
over 25cm.

Drilled beneath the southern end of the Kearney open pit, OM-DD-07-45 was a sterilization hole to guide pit development.


The infill drilling programme has now fulfilled the objective of detailing the Kearney deposit prior to a recalculation
of reserves and resources to the standards of (Canadian) National Instrument 43-101.  Results for the remaining two
drill holes are not yet available, pending assay. Recalculation of reserves and resources awaits results.

The drilling programme including sampling is under the control of the Company's geological staff who work under the
general direction of L. J. Gunter, P. Eng. (Ontario), the `Qualified Person' for the programme.  Sampling methodology,
security and data verification followed standard protocols as previously detailed on April 5, 2006.  The samples were
analysed (gold by fire assay and other metals by ICP-ORE) at OMAC Laboratories Ltd., an independent certified CCRMP &
ISO 17025 laboratory in Galway, Ireland.

Galantas Gold Corporation has 175,675,855 common shares issued and outstanding.

The TSX Venture Stock Exchange has not commented upon and accepts no responsibility for the content of this press
release.


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