Galantas Gold Corporation-Share Trading Activity

Market Wire, November, 2006

Galantas Gold Corporation (TSX VENTURE: GAL)(AIM: GAL) -

The Board of Galantas has noted the increase in its share price. Galantas was covered by a British Broadcasting Corporation (BBC) news report on Monday and Tuesday, October 30th and October 31st, 2006. The report also received attention by other media. Increased share trading volumes have occurred since BBC published the report.

Galantas expects in the near future to announce commencement of commissioning of its Irish gold mine as was reported in a press release issued September 22nd, 2006.

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.

Contacts: Galantas Gold Corporation Jack Gunter P.Eng Executive Chairman 44 (0) 2882 241100 Galantas Gold Corporation Roland Phelps C.Eng President & CEO 44 (0) 2882 241100 Galantas Gold Corporation Moe Lavigne P.Geo Vice President 44 (0) 2882 241100 Email: info@galantas.com Website: www.galantas.com Bishopsgate Communications Ltd. Dominic Barretto or Nick Rome 44 (0) 207 430 1600 Website: www.bishopsgatecommunications.com ARM Corporate Finance Limited Nick Harriss 44 (0) 20 7512 0191 Lewis Charles Securities Limited David Scott 44 (0) 20 7065 1150