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Galantas Closes First Part of Private Placement

TORONTO, ONTARIO–(Marketwired – Feb. 27, 2017) – Galantas Gold Corporation (the “Company”) (TSX VENTURE:GAL)(AIM:GAL), the AIM and TSXV quoted gold producer and explorer with a 100% interest in Northern Ireland’s Omagh gold mine, announces that the private placement to the gross value of CDN$ 2,446,299 (UK£1,482,875 at CDN$1.6497), in line with the terms and proposed placing price previously outlined in the disclosure dated 18 January 2017 (the “Placing”) is anticipated to close in two parts.