Galantas Gold Corporation
TSX VENTURE : GAL
AIM : GAL

Galantas Gold Corporation

April 30, 2007 10:02 ET

Galantas Files 2006 Annual Accounts & M D & A

TORONTO, ONTARIO--(CCNMatthews - April 30, 2007) - Galantas Gold Corporation (TSX VENTURE:GAL)(AIM:GAL) today filed Annual Accounts and Management, Discussion and Analysis for the year ending 31st December 2006, on www.sedar.com, www.londonstockexchange.co.uk and copied on www.galantas.com .



Highlights included the following :-
As At December 31st 2006, Canadian $

Current Assets include
Cash $234,909
Property, Plant & Equipment $6,110,357

Total Assets $15,559,278

Liabilities Total $2,132,980

Loss before Income Taxes $1,290,750

Net Loss (after future income tax recovery) $995,250

End of Period Deficit $11,794,287

Basic and diluted loss per share $0.01

Weighted average number of shares
Outstanding for 2006 145,930,481


Readers are directed to the accounts as filed for notes and detail that relate to results as highlighted.

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.

Contact Information

  • Galantas Gold Corporation
    Jack Gunter P.Eng
    Executive Chairman
    +44 (0) 2882 241100
    or
    Galantas Gold Corporation
    Roland Phelps C.Eng
    President & CEO
    +44 (0) 2882 241100
    or
    Galantas Gold Corporation
    Maurice Lavigne P.Geo
    Vice President
    +44 (0) 2882 241100
    Email: info@galantas.com
    Website: www.galantas.com
    or
    ARM Corporate Finance Limited
    Nick Harriss
    +44 (0) 207 512 0191
    or
    Lewis Charles Securities Limited
    Kealan Doyle
    +44 (0) 207 456 9100