Galantas discovers new gold exploration targets...

GALANTAS GOLD CORPORATION
                             TSXV & AIM : Symbol GAL

       GALANTAS DISCOVERS NEW GOLD EXPLORATION TARGETS IN NORTHERN IRELAND

16 September 2009

Galantas Gold Corporation (the Company) has received a report from its wholly
owned subsidiary, Omagh Minerals Ltd (OML), regarding exploration work carried
out over the last 18 months on its three license areas in Counties Tyrone and
Fermanagh, Northern Ireland. OML operates an open pit gold mine near Omagh,
County Tyrone, Northern Ireland. OML acquired information from the Geological
Survey of Northern Ireland (GSNI) which was gathered as part of the Tellus
Project. Tellus was a government funded regional exploration program that
recently covered the whole of Northern Ireland. When combined with a detailed
analysis of historical exploration work by the Company and others, the Tellus
data has proven to be a useful tool to delineate targets for exploration.

In this phase of the wider exploration program an additional qualified
geochemist, experienced in prospecting, has been engaged on a temporary basis.
He has helped with the collection of 468 soil and 260 rock samples and the
program continues. The wider exploration program, which is early stage, is
designed to discover targets worthy of being added to the already located, drill-
ready targets identified and reported upon on by ACA Howe (press release 12th
June 2008) and to test coincident targets from previous third party prospecting
and Tellus data. In parallel with this prospecting work, in conjunction with the
GSNI, work is underway to improve knowledge of structural geology that controls
mineralisation which will aid target delineation.

A summary of the report is detailed below. The locations are coded for
commercial confidentiality because they are at an early stage.

License OM 1/03.

A1 Recent prospecting on a stream containing historical anomalous sediment
values has revealed a boulder train over 425m of stream bed with 8 float sample
values over 0.5 g/t Gold  and peak values of 20.7 g/t Gold  (0.7 g/t silver) and
79.6 g/t Silver (0.6g/t Gold).
(Float is defined as loose weathered material considered to be relatively close
to its point of formation and with which there is uncertainty of the location of
the source bedrock.)

B1 Additional prospecting on a stream found to be highly anomalous for gold
historically has revealed outcropping anomalous quartz veins over 100m of stream
bed, associated with a shear structure, with peak values from grab samples at
3.5 g/t Gold and 12 g/t Silver over 50cm.

C1 Outcrop samples were taken in a tributary of a stream containing historical
gold bearing sediments, from a shear structure showing elevated gold levels
(40ppb Gold). Anomalous float, sampled at 23 g/t gold was found downstream in a
lithology suggesting a different source for the float to that of the shear
structure.

D1 Outcrop Sampling has revealed a previously unknown structure in a stream bed
grading 2.7 g/t Gold and 6.4 g/t Silver over 30cm showing there is potential in
the area around the immediate mine site for as yet undiscovered structures.

E1 A soil grid to infill on the Tellus data for the less previously explored
part of the inlier identified two new localities with anomalous gold and base
metal values, and preliminary follow up at the first of these localities has
already revealed anomalous Gold in float (13ppb Gold).

F1 An outcropping shear structure was grab sampled and found to contain
anomalous Au peaking at 1g/t Gold  and 2 g/t Silver.

License OM 2/08

A2 An area for soil sampling was defined by OML to infill a prospective area of
the Tellus data soil grid. Anomalous Gold and base metals in soil were
identified and these coincide with 3 known areas of outcropping anomalous gold
mineralisation. Follow up work at the peak gold value locality has confirmed the
presence of sulphide in quartz veins for which analyses are pending.

B2 An area for soil sampling was defined by OML to infill a prospective area of
the Tellus data soil grid. Anomalous Gold and base metals in soil were
identified and these coincide with highly anomalous historic stream sediment
samples, and anomalous Silver, Copper, Lead and Zinc structures previously
defined by OML deep overburden sampling.

C2 A previously discovered structure was followed up on with outcrop sampling,
returning  up to 0.63 g/t Gold. A detailed soil grid revealed pathfinder
elements associated with the outcrop which are anomalous over a wider area and
appear to follow the trend of both a 16km long fault structure which passes
through the area and a previously unrecognised geophysical anomaly, believed to
represent a major thrust. Values peak where the two structures intersect and
this area will be the focus of future work. A regional grid around the area is
now under way to assess the extent of this trend and identify areas of more
intensive mineralisation.

D2 A well defined Tellus soil anomaly, which is supported by historic gold
bearing stream sediment samples, has been identified. A soil sampling grid has
been designed and is currently being progressed.

License OM 3/08

A3 A detailed analysis is currently underway on a Tellus Gold anomaly in soils
and streams that covers 60km² in the southern part of the license area.

The exploration programme is under the supervision of the Company's geological
staff, who work under the general direction of L. J. Gunter, P. Eng (Ontario),
Chairman - Galantas Gold Corporation, 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 located in Galway, Ireland.

British Geological Survey Report :
A report entitled "Gold potential of the Dalradian rocks of north-west Northern
Ireland: Prospectivity analysis using Tellus data", has been recently published
by the British Geological Survey / UK Natural Environment Research Council
(NERC) and is available at http://nora.nerc.ac.uk/7857/1/OR08039.pdf . Readers
are advised that the document does not meet the requirements of Canadian
National Instrument 43-101 and the Company has not verified the technical
information in the report. It has been prepared with the co-operation of the
Company and includes information on the Company's license areas.

Galantas Gold Corporation Issued and Outstanding Shares total 190,100,055.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains
forward-looking statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities
laws, including cost and production estimates, for the Omagh Gold project.
Forward-looking statements are based on estimates and assumptions made by
Galantas in light of its experience and perception of historical trends, current
conditions and expected future developments, as well as other factors that
Galantas believes are appropriate in the circumstances. Many factors could cause
Galantas' actual results, performance or achievements to differ materially from
those expressed or implied by the forward looking statements, including: gold
price volatility; discrepancies between actual and estimated production, between
actual and estimated reserves, and between actual and estimated metallurgical
recoveries; mining operational risk; regulatory restrictions, including
environmental regulatory restrictions and liability; risks of sovereign
involvement; speculative nature of gold exploration; dilution; competition; loss
of key employees; additional funding requirements; and defective title to
mineral claims or property. These factors and others that could affect
Galantas's forward-looking statements are discussed in greater detail in the
section entitled "Risk Factors" in Galantas' Management Discussion & Analysis of
the financial statements of Galantas and elsewhere in documents filed from time
to time with the Canadian provincial securities regulators and other regulatory
authorities. These factors should be considered carefully, and persons reviewing
this press release should not place undue reliance on forward-looking
statements. Galantas has no intention and undertakes no obligation to update or
revise any forward-looking statements in this press release, except as required
by law.

Enquiries

Galantas Gold Corporation
Jack Gunter P.Eng - Chairman
Roland Phelps C.Eng - President & CEO

Email: [e-mail]
Website: www.galantas.com
Telephone:  [phone]

Blomfield Corporate Finance Ltd
Nick Harriss
Telephone: [phone]

Lewis Charles Securities Limited
Telephone: [phone]