Galantas Gold Grants Stock Options

April 30, 2024, TORONTO, CANADA - Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") reports that it has awarded 3,175,000 incentive stock options on the Company's common shares to directors, employees and consultants, in accordance with the terms of the Company's incentive Stock Option Plan. The exercise price for the options, which expire on April 29, 2029, is C$0.23 per share and the grant of these options was approved by the Board of Directors on April 23, 2024. The options will vest as to one third immediately and one third on each of April 29, 2025 and April 29, 2026, and are valid for a 5-year period from the date of grant.

The number of options issued to directors, employees and consultants are noted below:

Name of Optionee Position Number of Options

James Clancy Director 125,000

Róisín Magee Director & Chair 200,000

Mario Stifano Director & Officer 1,000,000

Brent Omland Director & Strategic Advisor 125,000

David Cather Director 125,000

Brendan Morris Officer 250,000

Alan Buckley Officer 250,000

George Duguay Officer 75,000

Employees and Consultants Various 1,025,000

Total Options Granted 3,175,000

The Company's Stock Option Plan allows for the issuance of up to 10% of issued and outstanding share capital in the form of incentive stock options. The total number of incentive stock options outstanding prior to this award was 5,777,500 which results in the total number of incentive stock options now outstanding for the Company being 8,952,500, representing 7.8% of the Company's issued and outstanding shares, which total 114,535,293.

The aforementioned stock option grants are subject to TSX Venture Exchange approval.