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

                                                                  2 October 2008

           APPOINTMENT OF CHIEF FINANCIAL OFFICER AND GRANT OF OPTIONS


October 2, 2008 - Galantas Gold Corporation (`Galantas' or the `Company') (GAL
- TSXV, GAL-AIM), which has a 100% interest in Ireland's only gold mine, reports
that  effective October 1, 2008 it has appointed Mr. Leo O'Shaughnessy as  Chief
Financial  Officer  of  Galantas. Particulars regarding Mr.  O'Shaughnessy  were
press  released  on  8th  July  2008. In connection  with  his  appointment  Mr.
O'Shaughnessy  has  been  awarded one million incentive  stock  options  on  the
Company's common shares, in accordance with the terms of the Company's incentive
Stock  Option Plan.  The exercise price for the options is the closing price  of
the Company's common shares on October 1st 2008 which is Cdn.$ 0.05.

Galantas's  operational  open pit mine is situated near  Omagh,  County  Tyrone,
Northern  Ireland.  The mine produces a flotation concentrate  containing  gold,
silver  and  lead, which is exported and sold to a Canadian smelter.  Some  gold
from the mine is down-streamed into certified Irish gold jewellery which is sold
on-line at www.galantas.com and via leading UK & Irish retailers.

Galantas Gold Corporation Issued and Outstanding Shares total 175,675,855.

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the contents of this news release.


Enquiries:
Galantas Gold Corporation
Jack Gunter P.Eng - Chairman
Roland Phelps C.Eng - President and CEO
Email : info@galantas.com
Website : www.galantas.com
Telephone : +44 (0) 2882 241100

Blomfield Corporate Finance Limited
Nick Harriss
Telephone : +44 (0) 207 489 4500

Lewis Charles Securities Limited
Kealan Doyle
Telephone : +44 (0) 207 456 9100