Galantas Appoints CFO, Awards Incentive Stock O...

GALANTAS GOLD CORPORATION
                                        TSX Venture Exchange: GAL
                                      London Stock Exchange AIM: GAL

GALANTAS APPOINTS CFO, AWARDS INCENTIVE STOCK OPTIONS AND ARRANGES LOAN FOR ADDITIONAL MINING EQUIPMENT.

24 December 2007

Galantas Gold Corporation (Galantas) has today appointed Brent Routledge (C.A) as Chief Financial Officer. Mr. Routledge
(43) has 17 years experience as a Chartered Accountant and has held managerial / accounting positions with Canadian Tire
and was Director of Finance at Proquest Company LLC. Mr.Routledge will be operating from the Omagh offices of Galantas
in Northern Ireland. This is not an appointment to the Board of Directors of Galantas.

It is announced that Incentive Stock Options to acquire up to a total of 7.7m shares of Galantas at an exercise price of
CDN$0.14, expiring on 24th December 2012 have been awarded to Directors, Officers and Senior Employees.  Vesting
arrangements are one third on award and one third on each of the two following anniversaries.  These Stock Options are
being granted pursuant to the Galantas Stock Option plan and in accordance with the policies of the TSX Venture
Exchange.

Galantas has entered into a loan arrangement with G & F Phelps Ltd (a company controlled by a Director of Galantas) for
the financing of additional mining equipment comprised of two Volvo 40D dump-trucks and a Volvo EC290BLC Excavator.  The
loan, of £412,660 including VAT (GST) is repayable over 4.25yrs at an interest rate of 4.04% flat and is secured upon
all equipment owned by Galantas's wholly owned subsidiary Omagh Minerals Ltd.

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