Trading Statement

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

                                                                    26 June 2007

                    OMAGH GOLD PROCESSING PLANT COMMISSIONED

Galantas Gold Corporation (the "Company") announces completion of processing plant
commissioning at its wholly owned gold mine near  Omagh, County Tyrone,  Northern
Ireland.

The  plant as commissioned consists of crushing, grinding and flotation circuits
that  have  a design capacity to produce sulphide concentrate containing  up  to
30,000 ozs of gold per year with associated lead and silver values. The plant is
now  capable  of  operating at design capacity of 6 tonnes  per  hour.  Sulphide
recovery  has increased over the commissioning period and was recently estimated
at  82.03%. Concentrate quality has improved to an average of 115.8 g/t gold for
recent  shipments but is variable. This compares with a grade of  144  g/t  gold
produced  in  laboratory  flotation  test-work.  Improvements  are  expected  to
continue    with   increased   operator   experience   and   plant   amendments.
Inconsistencies  in  terms of production quantity and quality  are  expected  to
gradually  reduce  over  the next quarter as the mine  and  plant  settles  into
routine operations.

Attention has now focused on the planned gravity section in the plant. Equipment
has  been  temporarily  installed  and has demonstrated  ability  to  recover  a
fraction  of  free  gold  for  use as feed-stock  for  the  Company's  Galantas®
certified Irish gold jewellery. It has also demonstrated the ability to  recover
coarse sulphides. Test-work is underway to expand gravity concentrate production
and enhance the capability of the plant.

Additional personnel are being hired to expand processing plant operation  to  a
24 hour day, 5 day week as an intermediate stage prior to expanding to a full 24
hour, 7 day week later this year.

Since the last trading update on May 23rd, 2007, three containers (numbers  9,10
and 11),  containing a total of approximately 70 wet tonnes have been shipped  to
Falconbridge Ltd., New Brunswick, Canada.

The information in this release has been reviewed by M. J. Lavigne P.Geo., (Vice
President, Galantas Gold Corp, who is a Qualified Person for the disclosure.

Galantas Gold Corporation Issued and Outstanding Shares total 167,535,855.

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the contents of this news release.
This  press  release  includes certain "Forward-Looking Statements"  within  the
meaning  of  the US Private Securities Reform Act of 1995. Other than statements
of  historical fact, all statements such as those referring (but not limited) to
specific  production  or construction activity are "Forward-Looking  Statements"
that  involve  such  various known and unknown risks,  uncertainties  and  other
factors.  There  can be no assurance that such statements will  prove  accurate.
Results and future events could differ materially from those anticipated in such
statements.  Readers  of this press release are cautioned  not  to  place  undue
reliance on these "Forward-Looking Statements".

Enquiries

Galantas Gold Corporation                Telephone:  [phone]
Jack Gunter P.Eng - Executive Chairman
Roland Phelps C.Eng - President & CEO
Maurice Lavigne P.Geo - Vice President

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

ARM Corporate Finance Limited            Telephone:  [phone]
Nick Harriss

Lewis Charles Securities Limited.        Telephone:  [phone]
Kealan Doyle