Galantas Announces Departure of Chief Operating Officer

TORONTO, ONTARIO--(Marketwire - Dec 7, 2012) - Galantas Gold Corporation (TSX VENTURE:GAL)(GAL.L) announces the departure of Richard Crew, Chief Operating Officer, from the Corporation. Richard is leaving to pursue other business interests and the Corporation thanks him for his contribution to the team.

Galantas is 100% owner, via subsidiary Omagh Minerals Ltd, of Ireland''s only operating gold mine. The current open pit operation is drawing to a close and permitting is being sought to continue mining underground. The permitting process is proceeding and the Corporation is pleased to note a recent letter of support from Omagh District Council to the Minister of Environment, in whose remit determination of the application resides.

Galantas Gold Corporation Issued and Outstanding Shares total 256,210,395.