I recently attended a presentation by Galantas Gold in London, and was very impressed with their potential.

Galantas is planning to commence gold production at it's Irish mine in 2Q 2006.



Some bullet points from the meeting;

- Galantas will be the first gold miner in Ireland.

- Mine construction is budgeted at under $1 million.

- AIM listing planned for the near future.

- Initial production plan for 30,000 ozs gold PA.

- Low cost producer, budget is for < $150 per ounce!




Galantas is currently listed on the Toronto Stock Exchange, but is planning a secondary listing on AIM, either late 2005 or early 2006.



An excellent recent article by Stephen Clayson of Resourceinvestor.com can be read below.

By Stephen Clayson
26 Sep 2005 at 08:55 AM EDT

LONDON (ResourceInvestor.com) -- Galantas Gold [TSXv:GAL], previously known as European Gold Resources, is entering the run up to early stage gold production from its Omagh project in County Tyrone, Northern Ireland, and intends to list on Londons AIM by the early part of next year to help facilitate its further ambitions.

Galantas CEO Roland Phelps sees AIM as Galantas natural home, and reports strong approval amongst current investors for an AIM listing. The company will look to raise its profile and broaden its institutional shareholder base through its AIM flotation, taking advantage of the greater depth of the London market.

The primary focus of Galantas right now is the establishment of gold concentrate production by the first quarter of next year from the Omagh project, which is slated to initially yield around 30,000oz per annum of gold from an open pit. A small, inexpensive plant will be constructed on site composed mostly of used, reconditioned machinery, and the company expects the cost of this to come in at less than $1m.

Phelps reports that Galantas has received firm offers from European smelters for concentrate from the Omagh mine, funding and government permits for the construction of which are already lined up, and predicts operating costs of less than $150/oz gold.

The successful establishment of gold production from the Omagh project would make it Irelands first gold mine, and would deliver a boost to those hoping to mine the yellow metal elsewhere in the Emerald Isle, the gold deposits of which can be seen as geologically related to those of Scandinavia. The gold mineralisation of the Omagh property was first discovered in the 1980s by Rio Tinto, and whilst falling below its required size threshold for development may still prove a solid asset for a company like Galantas.

The Omagh project presently hosts around 447,000oz of gold reserves and resources scattered across several deposits. Of these the largest, and that which is intended to support the first mining, is the Kearney deposit, which is estimated to contain 88,827oz of Proven/Probable Ore Reserve in material grading 7.52g/t and 267,150oz of Indicated Resources in rock grading 7.02g/t. Other deposits on the Omagh property are estimated to contain together 71,041oz of Indicated Resources in material graded at 6.72g/t and 20,399oz of Inferred Resource in rock graded at 4.68g/t.

Aside from the advent of cash flow from the mining of the Kearney deposit, what could offer notable upside to investors in Galantas is the expansion of the Omagh projects reserves and resources through further exploration. To this end, Europes first VTEM (Versatile Time-Domain Electro Magnetics, a proprietary airborne geophysical surveying technology of consultancy firm Geotech) survey was conducted recently on the Omagh property, and the selection and drilling of targets on the basis of this and previous geological work is Galantas next intended step after getting the mining of the Kearney deposit up and running.

A further positive aspect for investors in Galantas is the companys namesake brand of jewellery, which is currently sold through a small network of shops in Ireland. However, expansion is planned by Galantas into the U.K. and also into the U.S., the latter in the hope that Americans of Irish ancestry, initially marketed to in cities such as Boston and Chicago, will find the line particularly appealing.



Shares in Galantas presently trade pretty quietly in Toronto, where Phelps feels that perhaps a bias towards North America focused mining companies along with limited promotion has let Galantas remain somewhat unnoticed amid the crowd. This might in part explain the limited share price growth that the company has exhibited of late, despite edging nearer and nearer to production.

However, the prospect of a producing gold mine, albeit a small one, in the British Isles might garner quite some interest on Londons AIM. Coupled with the potential for significant exploration upside and increased revenue from jewellery sales driven by the rollout of the Galantas brand to new markets, this might make Galantas Gold a notable flotation for London investors next year, or for Toronto investors an investment worth considering right now.

Article reproduced by kind permission of Resourceinvestor.com.

Resourceinvestor.com homepage CLICK HERE




Latest pictures of the mine showing the completed processing plant.

For Galantas Gold Corp. corporate website, click HERE

Video of Galantas' Omagh operations - CLICK HERE

Email : info@galantas.com





UK investors visit the Galantas Minesite 26th May 2006.

Strong start in the UK today, +3.25p, +26%!

We have a trip going to visit the mine in Omagh, Northern Ireland,in late May, and if anyone is interested in going, we may have one or two places left.

Please send me a message if you are interested,

I've just done a rough calc based on proposed production and I have this at 20p eps if all comes right, potential 10 bagger, what target prices have you guys got???

Just added a couple k

8.9 g/t Au is this a good concentration of gold...... do not know much about mining#

Don't know, but I think $150 production cost is low!!! mind you anything is when the price $700!!!

If they deliver their forcast I honestly can't see these being at these levels for long.

I've divided the number of shares in issue with a possible production profit and I honestly have an eps of 20p, thats without anyother developments, maybe I missing something!! help

Tonker, FWIW 8.9 g/t compares very favourably to some gold co's I've looked at where they seem to be very happy with concentrations around 3 or 4 g/t. I'm thinking of co's like AAU in Turkey. It would be worth comparing a few different miners to see what kind of concentrations their drilling is producing.

I haven't read the info you've seen so can't comment too much. Obviously what's important is some kind of average concentration - it's no good if one drill sample happens to contain a nugget and the rest are all uncommercial.

Tonker,

Yes it is!, and GAL is a low cost producer too!

However, the grade varies, so it is not claimed as an average for the whole licence, even their test results have swung around wildly, and some were from selected areas where it was expected that the grade would be higher.

GAL have estimated the cost of production as around US$150 per oz, vey low by comparison to other producers.

The mine is a cheap operation because they simply strip away the shallow overburden, and the rock underneath is soft, and easily mined by diggers rather than explosives, and in an open pit method.

Given the recent rise in the price of diesel, I would imagine GAL's production costs, like all miners will have risen, but I would think if we use US$200 per oz, we will have a margin to spare over the actual cost.

Well GAL has fared better than some in the last two days, so maybe that is a good sign going forward?

We do have the potential for further news re a possible upgrade to the resource, and there's a shareholder visit coming up, which normally increases interest in a stock.

Drilling Program Initiated

Galantas Gold Corporation, a company with a gold mine in development in Northern Ireland, announces that an exploration drilling program has been initiated and the drill contractor (Irish Drilling Limited) has mobilized a drill onto site today. The program will test some high priority targets near the mine-site. The program will be HQ size with triple tube in order to maximise core recovery.

Galantas Gold Corporation is building Irelands first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Companys production by marketing and selling certified Galtas Irish gold jewellery.


For further information, please contact:



Galantas Gold Corporation Telephone: +44 (0) 2882 241100

Jack Gunter P.Eng Executive Chairman

Roland Phelps C.Eng President & CEO

Moe Lavigne P.Geo Vice President

Email: info@galantas.com

Website: www.galantas.com

Thu May 25, 2006

Galantas Makes Strategic Land Acquisition


Galantas Gold Corporation announces an expansion of land holdings at its Omagh Gold Mine through the purchase of adjacent property. This strategic acquisition is part of the Companys plan for growth as the land contains gold mineralisation lying within 1 kilometre of the Kearney pit and processing plant currently being readied for production.

The gold mineralisation was discovered by Rio Tinto in the late 1980s through reconnaissance drilling of a 140 metre long geochemical anomaly. Five holes intersected gold mineralisation of a style similar to that found in Kearney. An Induced polarisation anomaly coinciding with the mineralisation extends a further 500 metres along strike.

The historical Rio Tinto drill data is encouraging but suffered from core loss due to the friable nature of the vein material. Galantas has started a drill program in order to verify the results and expand the scope of the Rio Tinto drilling. Core will be of HQ size with triple tubes so as to maximise recovery. The Competent Person responsible for the program is M.J.(Moe) Lavigne P.Geo.

The purchase price of 367,000 (CDN$ 769,607) includes two valuable potential building sites within 6.12 hectares (15.12 acres) of land. The property adjoins land already owned by the company and has access to a public highway. With Stamp Duty Land Tax and Registration Charge, the total cost amounts to 378,510 (CDN$ 793,744). The price reflects buoyant property values in Northern Ireland, important to the underlying asset value of the 167 acres of land already owned by the Company. The purchase includes only surface rights as rights to gold and silver are already held by the Company through its 189 sq km Crown License

Galantas Gold Corporation is building Irelands first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Companys production by marketing and selling certified Galtas Irish gold jewellery.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. 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.

Galantas Gold Corporation
Jack Gunter P.Eng Executive Chairman
Roland Phelps C.Eng President & CEO
Moe Lavigne P.Geo Vice President
Email: info@galantas.com
Website: www.galantas.com
Telephone: +44 (0) 2882 241100

A picture of our group at the minesite last friday.



What we witnessed was an extremely busy site, with giant excavators and earth movers in a non stop flurry of activity, there was a real buzz, lots of vibrancy all around the site for the duration of our visit.

The processing plant is nearing completion, as per GAL's recent announcements, and there is an abundance of machinery awaiting installation once the concrete floor has set hard enough.

The directors and site manager took all afternoon to show our group over the whole site, and a few of us came back with some sample bags showing interesting crystalization.

Mine were so interesting that my bag was aprehended by Belfast Airport security, at the x ray machine, and security escorted me to a secure area to examine the contents! The samples had registered on the machine, and they thought it was something else!

Funny think was that the guy had heard of the "Omagh gold mine", and I ended up showing him the photos on my phone, which he showed to other guards, and I then saw another investor being led away with his bag!

My impression was that this really is a company on the cusp of both production and, in the not too distant future, profit.

GAL have also demonstrated extreme confidence in it's existing territory as they have aquired very prospective land in the adjacent fields, (se previous post), and they were extemely pleased to have completed this deal.

I would like to express my thanks to Roland, Jack, Moe, Brendan, and Carl for their superb hospitality, and for taking so much time to explain in layman's terms their operations and prospects.

My feeling, after the visit, is Galantas have highly competent management, a good resource, which has exciting prospects for expansion, and a determined and hard working workforce determined to achieve success for the company.

A nice comment from the Galantas CEO on Stockhouse re the UK shareholder visit referred to above.


Message from GAL's CEO

We published a short status report in the last Management Discussion and Accounts on www.sedar.com in May 2006. I wonder if you have had the opportunity to review that document? Generally we explained that we were engaged in peat removal activities at the tailings disposal site, constructing site roads and preparing for the installation of plant in the mill. We will be publishing further updates.

We did have a visit by a group of UK based investors and that visit went very well. We were careful to keep our discussions to information in the public domain or away from price sensitive areas, something that they understood very well.

Nice 25k buy at the death, on an otherwise quiet day in the market.

GAL looking very cheap at these levels IMO.

GAL have issued an operational update - everything seems to be going to plan!
-------------------------------------------------------------------------------



Galantas Gold Corporation-Omagh Gold Mine: Operational Update
Monday June 26, 10:00 am ET


TORONTO, ONTARIO--(CCNMatthews - June 26, 2006) - Galantas Gold Corporation (TSX VENTURE:GAL - News; AIM:GAL) announced today substantial progress in construction of its Omagh Gold Mine.
ADVERTISEMENT


Flotation & Gravity Gold Processing Plant

- Mill Building steel frame & cladding is complete.

- Equipment foundations and floors are concreted.

- Ball Mill is installed.

- All flotation cells are installed.

- Crusher steelwork and conveyors are in final stages of fabrication.

- Tailings thickener is fabricated.

Infra-structure

- Rock, till and peat storage areas have been created.

- Access and haul roads are built.

- Site Drainage has been installed.

- Excavation of peat for the first paste tailings cell is complete. Difficulties were encountered in excavating an increased depth of peat over that expected. This has extended the period of excavation of the cells. Preparation for installation of the cell liner is in progress.

- A second and third cell have been part excavated.

- Polishing pond is in construction

- Kearney vein is exposed for mining over approximately 450m.

Remaining work in progress includes completion of the tailings facility, electrical installation and installation of pumps and tankage.

Core Drilling Status

- A diamond drill program is underway with an emphasis on targets in or close to the Omagh property.

- The program includes drill holes within the Kearney vein, Elkins Vein and some sterilisation drilling related to future facilities.

- The first holes achieved 100% recovery of the core. Cores have been split and mineralised sections are with OMAC Laboratories Ltd of Galway, Ireland, a certified CCRMP laboratory, for analysis.

- Mr. M.J. (Moe) Lavigne, P.Geo, is the qualified person overseeing the drilling program.

Personnel

Karl Martin (B.Sc.Hons) is managing construction work and has been appointed Mine Manager. Andrew Warburton (B.Eng.Hons ACSM) is managing the Flotation and Gravity Plant installation and has been appointed Mill Superintendent.

Commissioning and Cash Flow

Commissioning is expected in late summer 2006 with first cash flow from the project anticipated in the early Autumn. Ramp up to full production is expected to be complete in a 3 - 6 month period thereafter.

When complete, the mine will be Ireland's only producing gold mine with production of up to 30,000 ozs of gold annually, mainly within sulphide concentrate, for shipment and sale to third party smelters. Additional revenues are projected to derive from associated lead and silver credits. The processing facility is designed to accept a head-grade of 20g/t gold from an open pit on the Kearney vein, with other nearby deposits to come on stream as developed. Sales of gold produced from the gravity section of the plant to the in-house jewellery business are also projected.

The Galantas jewellery business sells certified Irish gold jewellery via a network of retailers and direct to the public over the internet at www.Galantas.com Test marketing of Galantas certified Irish gold jewellery was conducted with gold produced from bulk samples from the Kearney vein. Marketing will re-commence as gold moves through the jewellery production chain although principal management focus will remain with the mine until stable production is achieved.

Cash flow from the project will be used to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value by marketing and selling certified Galantas(TM) Irish gold jewellery.

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.

GALANTAS GOLD CORPORATION
TSX Venture Exchange : GAL
London Stock Exchange AIM : GAL
11th July 2006

Galantas Reports High Grade Gold at Omagh Open Pit Gold Mine

Analytical results of drill core retrieved by diamond drilling and one channel
sample from the Kearney vein have been received. The detailed results are
attached.

The channel sample was collected on the southern extension of the Kearney vein,
from a gap in between the recently released results (April 5, 2006) and
historical sampling by Rio Tinto. The weighted average grade of the sample was
43.94g/t gold over a width of 1.63m calculated at 3g/t cut-off.

Drilling on the northern half of the Kearney vein intercepted 4 gold bearing
zones. Hole OM-DD-06-02 intersected 11.62g/t gold over 3.16m including 23.14g/t
gold over 0.74m. Hole OM-DD-06-03 intercepted 9.64 g/t gold over 5.66m including
12.52g/t gold over 3.17m. These weighted average calculations were made at a
3g/t cut off and where required have been diluted to a minimum mining width of
0.35m

The samples were taken and the drilling carried out under the supervision of
M.J.Lavigne P.Geo, (Vice President, Galantas Gold Corp), the Qualified Person
for the program. Sampling methodology, security & verification followed standard
procedures previously detailed on April 5th 2006 and the samples were analysed
at OMAC Laboratory Ltd (an independent, certified CCRMP laboratory) in Galway,
Ireland.

Mr.Lavigne said," The drilling program is designed to support the expansion of
the Omagh gold mine currently being constructed. Data collected from drilling
and channel sampling will be used with information on mining and processing
costs established in the early days of operation to conduct a pit optimization
analysis. This will establish a revised pit depth and reserves. In general, the
increase in gold price over the last two years has improved the economics of
gold extraction so that open pit mines can operate at greater depths than the
planned Kearney pit. In addition to expanding knowledge of the Kearney vein, the
on-going drilling campaign will be testing other structures and carrying out
some sterilisation drilling."

The company had earlier announced that its production facility was scheduled to
undergo commissioning late in the second quarter of 2006, but outlined in June
that commissioning is now expected to take place during the third quarter of
2006. The operation is expected to have a capacity to produce 30,000 ounces of
gold per year when brought fully on stream and will be Ireland's only currently
operating gold mine.

OM-DD-06-02 Kearney
Vein
Grade Au
From m To m Width m g/t

24.04 24.19 0.15 19.00
45.65 46.05 0.40 10.36
46.87 48.07 1.20 7.40
50.19 50.65 0.46 7.72
53.66 54.24 0.58 16.44
54.24 54.41 0.16 46.72




OM-DD-06-03 Kearney
Vein
Grade Au
From m To m Width m g/t

32.63 32.75 0.12 9.80
32.75 33.28 0.53 23.32
33.28 33.36 0.08 8.24
33.36 35.03 1.67 10.80
35.03 35.64 0.61 6.16
35.64 35.8 0.16 23.16
37.89 38.28 0.39 3.09
38.74 39.44 0.7 3.83
41.65 42.1 0.45 3.74
42.33 43.05 0.72 12.00



Channnel Sample South Kearney
Line 24 Vein
From m To m Width m Grade Au g/t

1.23 1.54 0.31 5.40
1.54 1.87 0.33 39.72
1.87 2.15 0.28 84.68
2.15 2.46 0.31 94.38
2.46 2.86 0.4 9.68


Drill Hole OM-DD-06-01, located a km away from Kearney, and testing a
geophysical target, disclosed highly sheared basic rock barren of sulphide/gold
mineralisation.

A summary of the description of geology, mineral occurrences etc can be found
within Report 851a ACA Howe July 21st 2003, by Ewert, Armstrong & Langlands with
additional information in a Howe letter of 27th September 2004 by
Dr.C.Armstrong, both of which are filed on SEDAR.

I'm in.

KEAYDIAN,

Welcome, I think GAL will certainly reward the patient amongst us.

When I look at a company to invest in, management quality is paramount IMO, and GAL tick that box IMO.

Once minestart is confirmed, sometime in Q3, I think we will see a nice boost to the price.

When I visited the mine, a few weeks ago, preperations seemed well advanced, so I am confident they will more or less keep to this revised timescale.

Andy.

Thanks, looking forward to Q3.

;o)

Looks like I famous, yes the trade on GAL today is all mine.

KD.

GALANTAS GOLD CORPORATION
TSX Venture Exchange : GAL
London Stock Exchange AIM : GAL
14th July 2006

GALANTAS GOLD CORPORATION ANNOUNCES
PRIVATE PLACEMENT

The board of Galantas Gold Corporation ("Galantas") is pleased to announce a private placement pursuant to which
Galantas shall issue up to 12,800,000 Units of Galantas at $0.25 per Unit (the "Offering"), with an over-allotment of up
to an additional 1,200,000 Units at $0.25 per Unit (the "Over-Allotment Option"). The issue of up to 12,800,000 Units
of Galantas includes up to 2,000,000 Units for subscribers specifically identified by Galantas (the "President's List").
Each Unit will consist of one common share and one common share purchase warrant of Galantas. Each share purchase
warrant will entitle the purchaser to purchase one common share of Galantas at a price of $0.32 per share for a period
of twenty-four months from the date of the closing of the private placement. The shares will carry a 4 month minimum
hold period.

Under an engagement letter dated June 27, 2006, as amended, Union Securities Ltd. of Ontario, Canada ("Union"), agreed
to act as agent for the private placement pursuant to which Union shall receive 8% in cash commission based on Units
sold under the Offering and the Over-Allotment Option (excluding Units sold pursuant to the President's List) and 4% in
cash for Units sold pursuant to the President's List payable at closing. In addition, Galantas will issue to Union, at
closing, compensation options (the "Agent's Compensation Options") equal to 10% of all Units sold pursuant to the
Offering and the Over-Allotment Option (excluding Units sold pursuant to the President's List) and 5% of all Units sold
pursuant to the President's List. Each Agent's Compensation Option entitles the Agent to purchase one Unit of the
Company at $0.25 per Unit at any time prior to the date that is 24 months from the Closing Date.

The private placement is subject to the completion of final documentation and the approval of the TSX Venture Exchange.
It is anticipated that the date of the closing of the private placement will be on or about July 25, 2006. Galantas
will use the gross proceeds of the private placement to expand exploration and development of the Omagh Gold Project in
Northern Ireland. An application will be made to admit any new shares issued under the placing to trading on AIM on the
same day that they become eligible for trading on the TSX Venture Exchange

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for
dissemination in the United States, and does not constitute an offer of the securities described herein. These
securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities
laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

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". All dollar amounts
are Canadian dollars unless otherwise noted.

The TSX Venture Exchange Inc. has neither approved nor disapproved the information herein contained.

Galantas Gold Corporation
Jack Gunter P.Eng - Executive Chairman
Roland Phelps C.Eng - President & CEO
Moe Lavigne P.Geo - Vice President
Email:

info@galantas.com

Website:

www.galantas.com


Telephone: +44 (0) 2882 241100

Bishopsgate Communications Ltd.
Dominic Barretto, Nick Rome
Website:

www.bishopsgatecommunications.com


Telephone: +44 (0) 207 430 1600

ARM Corporate Finance Limited
Nick Harriss Telephone: +44 (0) 20 7512 0191

Lewis Charles Securities Limited.
David Scott Telephone: +44 (0) 20 7065 1150