TORONTO, ONTARIO--(Marketwired - Feb. 26, 2016) - Galantas Gold Corporation (the 'Company') (TSX VENTURE:GAL)(AIM:GAL), the AIM and TSXV quoted gold explorer & developer in Northern Ireland, previously noted (25th January 2016) that the discovery of Kestrel vein was on land covered by its planning consent and that mining was permitted on this part of the mine land. The Company has now been advised that although the freehold land overlying the Kestrel vein is owned by the company and was covered in its planning permission, mining of the new vein may not be included. Were commerciality of the vein to be determined, the vein would be worked by underground means, from the neighbouring Joshua vein and for the avoidance of doubt, planning permission would be secured prior. The land surface would be unaffected and no environmental impact would be expected to arise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Galantas Gold Corporation's Issued and Outstanding Shares total 107,297,155.

Contact Information:

Enquiries: Galantas Gold Corporation
L. Jack Gunter P.Eng - Chairman
Roland Phelps C.Eng - President & CEO
Telephone: (UK) +44 (0) 2882 241100

Grant Thornton UK LLP (AIM Nominated Adviser)
Philip Secrett, Richard Tonthat
Telephone: +44(0)20 7383 5100

Whitman Howard Ltd (Broker & Corporate Adviser)
Ranald McGregor-Smith, Nick Lovering
Telephone: +44(0)20 7659 1234