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.

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.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

About Galantas Gold Corporation

Galantas Gold Corporation is a Canadian public company that trades on the TSX Venture Exchange and the London Stock Exchange AIM market, both under the symbol GAL. It also trades on the OTCQX Exchange under the symbol GALKF. The Company's strategy is to create shareholder value by operating and expanding gold production and resources at the Omagh Project in Northern Ireland, and exploring the Gairloch Project hosting the Kerry Road gold-bearing VMS deposit in Scotland.


Galantas Gold CorporationMario Stifano: Chief Executive OfficerEmail: info@galantas.comWebsite: www.galantas.comTelephone: +44(0)28 8224 1100

Grant Thornton UK LLP (AIM Nomad)Philip Secrett, Harrison Clarke, Enzo Aliaj, Elliot PetersTelephone: +44(0)20 7383 5100

SP Angel Corporate Finance LLP (AIM Broker)David Hignell, Charlie Bouverat (Corporate Finance)Grant Barker (Sales & Broking) Telephone: +44(0)20 3470 0470

1. Details of the person discharging managerial responsibilities/person closely associated
a) Name: 1. James Clancy2. Róisín Magee3. Mario Stifano4. Brent Omland5. David Cather6. Brendan Morris7. Alan Buckley8. George Duguay
2. Reason for the notification
a) Position/status: 1. Director 2. Director & Chair3. Director & Officer4. Director & Strategic Advisor5. Director6. Officer7. Officer8. Officer
b) Initial notification/Amendment: Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name: Galantas Gold Corporation
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument type of instrumentIdentification Code Common Shares of nil par valueISIN: CA36315W2022
b) Nature of the transaction Grant of Stock Options
c) Price(s) and volume Price for all grants C$0.23 per share.Volumes
  1. 125,000
  2. 200,000
  3. 1,000,000
  4. 125,000
  5. 125,000
  6. 250,000
  7. 250,000
  8. 75,000
d) Aggregated information Stock Options: 3,175,000Exercise price: C$0.23
e) Date of the transaction April 29, 2024
f) Place of the transaction Outside a trading venue
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