Galantas Gold Corporation proposed Private Placement that will provide for the financing to bring the Galantas Gold Mine in Omagh, Northern Ireland, into full production. On closing of the proposed Private Placing, Roland Phelps will retire as Galantas’ Chief Executive Officer and as a member of the Board of Directors. His role as CEO will be assumed by Mario Stifano, an experienced mining executive who has raised over $700 million in capital for mining companies such as Lake Shore Gold Corp. On the Closing Date, the Board of Galantas will appoint an Ocean Partners nominee, Brent Omland, as a Director, to replace Mr. Phelps on the Board, following regulatory approval. Mr. Omland is a Canadian Chartered Accountant with 15 years’ experience in the mining, metals and trading sectors. He has held roles with Ivernia Inc., Enirgi Metals Group and Teck. He is currently Chief Financial Officer of Ocean Partners.