Galantas Gold Corporation
TSX VENTURE : GAL
AIM : GAL

Galantas Gold Corporation

August 23, 2006 10:00 ET

Galantas Gold to Exhibit at Toronto Resource Show

TORONTO, ONTARIO--(CCNMatthews - Aug. 23, 2006) - Galantas Gold Corporation ("Galantas" or "the Company")(TSX VENTURE:GAL)(AIM:GAL) invites interested parties to meet with management at the Toronto Resource Investment conference on September 24th and 25th at the Toronto Convention Centre. Galantas' gold mine will soon be commissioned for production with first cash flow expected in Autumn 2006.

The Company has just hosted a group of business and technical journalists at its mine site in County Tyrone where the open pit and processing plant are in an advanced stage of construction and where diamond drilling is underway to support future expansion of the operation.

In advance of the Toronto show, Galantas will be featured on "CEO CLIPS", the Canadian business programme which produces corporate profiles of active public companies. The clip may be seen on the link below :
http://www.ceoclips.com/media/ceo_galanta_300.asx

To view recent photographs, click on the Company's website at www.galantas.com.

Galantas is unique in that it owns Ireland's only gold mine. Its high grade open pit and processing plant is designed to produce up to 30,000 ounces of gold per year in sulphide flotation concentrate for sale to commercial smelters. Accessory silver and by-product lead are also produced. Some free gold in the ore will be recovered in a small gravity section in the plant for down-streaming into the Company's Galantas™ jewellery business. Market trials of jewellery made from certified Irish gold extracted from bulk samples of ore from the Omagh mine have produced over CDN$645,000 in jewellery sales.

The Company recently acquired additional, strategically located, surface rights and raised CDN$3.5m via a private placing.

Further details are available in Technical Reports, Management Discussion and Analysis and Material Disclosures filed on www.sedar.com .

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 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".

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
    Moe Lavigne P.Geo
    Vice President
    +44 (0) 2882 241100
    info@galantas.com
    www.galantas.com
    or
    Bishopsgate Communications Ltd.
    Dominic Barretto or Nick Rome
    +44 (0) 207 430 1600
    www.bishopsgatecommunications.com
    or
    ARM Corporate Finance Limited
    Nick Harriss
    +44 (0) 20 7512 0191
    or
    Lewis Charles Securities Limited.
    David Scott
    +44 (0) 20 7065 1150