Company Web Site: www.galantas.com

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2009-11-11. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-11.

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Recent Production

• 2009 : Metal content of production for the three months ended June 30, 2009 totalled 1,977 ounces of gold (61.5kg), 5,972 ounces of silver (185.8kgs) and 90.4 tonnes of lead.
• 2007 : Gold production started mid 2007.

Source(s):

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-11

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Gold
Omagh	??	$2.08	0	26%	74%	399.70 K oz
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-11
Metric / Metal						Gold
Metal Totals						399.70 K oz
Metal Prices in US$ (from 2010-03-11)						$1,108.90 per oz
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)						$2.08
Percentage of Total Metal Value						100.00%
PP% | MI% | I%						0 | 26% | 74%
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-11
Metal Value per Share (MVpSh)						US$2.08
Average Ore Value per Tonne						US$250.41
Metal Value Leverage (MVL)						70.99
Market Capitalization as % of Metal Value						1.4%
Recent Stock Price						C$0.03   (TSX/TSXV close on 2010-03-11.)   Conversion rate used: 1 Cnd$ = 0.976275 US$ )
Fully Diluted Share Count						213.17 M    ( Fully diluted share count was taken from the Management Discussion and Analysis, Three and Six Months ended June 30, 2009 document (viewed at Sedar November 2009). )
PP% | MI% | I%						0 | 26% | 74%
Gold Metrics-- all Projects/Deposits
Average Gold Ore Grade						7.024 g/t
Market Capitalization     per oz of Gold In Ground						$15.62   US$  |   16.00   C$
Gold Eq Oz Estimate						399.70 K oz   ( 399.70 K oz are in ground)
Market Capitalization     per oz of Gold Equilavent						$15.62   US$  |   16.00   C$
See terms for more about GoldMinerPulse metrics.

GoldMinerPulse Coverage Status:

• GoldMinerPulse coverage of Galantas Gold Corporation is complete pending a final internal review.

(NI) 43-101 Report:

Title: TECHNICAL REPORT ON THE OMAGH GOLD PROJECT, COUNTIES TYRONE AND FERMANAGH, NORTHERN IRELAND
Date: 2008-05-28 (255 pages)

Updates: The CIM / NI.43-101 resources summarized on p. 3 of 26 of the GALANTAS GOLD CORPORATION MANAGEMENT DISCUSSION AND ANALYSIS Three and Six Months ended June 30, 2009 (available at www.sedar.com).

Project Location: County Tyrone (Northern), Ireland

Map View: View the Galantas Gold Corporation Omagh Minerals land on a Google Map.

Most Optimistic Resource Estimates (MORE):

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.08	15.92 K oz	6.350 g/t	78.00 K t
Estimate notes: The CIM / NI.43-101 resources summarized on p. 3 of 26 of the GALANTAS GOLD CORPORATION MANAGEMENT DISCUSSION AND ANALYSIS Three and Six Months ended June 30, 2009 (available at www.sedar.com).

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.46	87.98 K oz	5.910 g/t	463.00 K t
Estimate notes: See notes for Measured. Grade is average of Kearney + Elkins.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.54	295.80 K oz	7.486 g/t	1.23 M t
Estimate notes: See notes for Measured. Grade is average of Kearney + Elkins + Kerr + Joshua + Gormley + Garry + Prince's + Sammy's + Kearney Nth