Galantas 2009 Results and First Quarter Trading Update

Galantas Gold Corporation (TSX VENTURE:GAL)(AIM:GAL) (the Company) has announced annual audited results for the year to December 31st 2009.

The press release is quoted as saying:

The net loss for the year ended December 31, 2009 amounted to $ 6,361,397 compared to a restated loss of $ 2,452,220 for the year ended December 31, 2008. When the Net Loss is adjusted for non cash items the cash generated from operating activities amounted to $ 545,828 for the year ended December 31, 2009 compared to $ 39,670 for the year ended December 31, 2008.

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