Galantas Gold Grants Stock Options

TORONTO, April 30, 2024 (GLOBE NEWSWIRE) — Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (Galantas or the Company) reports that it has granted incentive stock options to directors of 3,175,000 shares of the Company’s common stock rights, employees and consultants, under the terms of the Company’s incentive stock option plan. The options have an exercise price of C$0.23 per share and will expire on April 29, 2029. The grant of these options was approved by the Board of Directors on April 23, 2024. The other half will vest immediately.

The number of options issued to directors, employees and consultants is as follows:

Optionee name Location Number of options
James Clancy director 125,000
Royson Magee Director and Chairman 200,000
Mario Stefano Directors and Officers 1,000,000
Neighboring countries Director and Strategic Advisor 125,000
David Kaiser director 125,000
Brendan Morris official 250,000
Alan Buckley official 250,000
George Duguay official 75,000
Staff and Consultants Different kinds 1,025,000
Total number of options granted 3,175,000

The company's stock option program allows for the issuance of up to 10% of the issued and outstanding capital stock in the form of incentive stock options. The total number of previously issued incentive stock options granted this time is 5,777,500. Therefore, the total number of incentive stock options currently issued by the company is 8,952,500, accounting for 7.8% of the company's total issued and outstanding shares of 114,535,293 shares.

The above stock option grants are subject to approval by the TSX Venture Exchange.

Neither the 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.

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

About Galantas Gold Corporation

Galantas Gold Corporation is a Canadian public company, trading on the Toronto Stock Exchange 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 through the operation and expansion of gold production and resources at the Omagh Project in Northern Ireland, and the Gairloch Project exploring the gold-bearing VMS deposit at Kerry Road in Scotland.


Galantas Gold CorporationMario Stifano: CEO Email: Website: Phone: +44(0)28 8224 1100

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

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

(UK) Transaction Notification Form For use by persons performing management responsibilities and their closely related persons
1. Details of persons performing management responsibilities/closely associated persons
A) Name: 1. James Clancy2. Róisín Magee3.Mario Stefano 4. 5. Brent Omran David Kaiser 6. 7. Brendan Morris 8. Alan Buckley George Duguay
2. Reason for notification
A) Position/Status: 1. Director 2. Director and Chairman 3. Director and Officer 4. Director and Strategic Advisor 5. Director 6. Military Officer 7. Military Officer 8. Officer
b) Initial Notice/Amendment: preliminary notice
3. Details of the issuer, emissions allowance market participant, auction platform, auctioneer or auction supervisor
A) Name: galantas gold corp.
b) thunder: Thunder: 213800JKVPLLKO4KVB93
4. Transaction details: (i) portions to be repeated for each instrument type; (ii) each type of transaction; (iii) each date; (iv) each location where the transaction was made
A) Financial Instrument Description Instrument Type Identifier Zero par value common stock ISIN: CA36315W2022
b) Nature of transaction grant stock options
C) price and quantity All grants are priced at C$0.23 per share.

  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) Aggregate information Stock Option: 3,175,000 Exercise Price: CAD$0.23
e) transaction date April 29, 2024
F) trading location outside the trading venue
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