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
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