Galantas Gold Share Sale

Luis Enrique Catril Espinoza Disposes Entire Galantas Gold Shareholding for CAD$38.35 Million

Galantas Gold Corporation (TSXV: GAL) (AIM: GALS) has notified of a change to a significant shareholding in the company, Luis Enrique Catril Espinoza, who has disposed of 91,313,890 common shares of the Company (Common Shares), being the class of the company's AIM securities, at a price of CAD$0.42 per Common Share for aggregate consideration of CAD $38,351,833.80. The transaction was made through a private share purchase agreement between Catril and Alpayana S.A.C. (Alpayana) and corresponds to the acquisition of Alpayano by the company. Following the transaction, Catril does not currently own or control any Common Shares or other securities of the Corporation. The early warning report filed under National Instrument 62-103 stated that there are no joint actors in respect of the transaction.