Galantas Gold Corporation announced the closing of its oversubscribed private placement previously announced on April 21, 2021, to fund the Galantas Gold Mine in Omagh, Northern Ireland to full production and accelerate exploration plans to expand the high-grade gold resources. In connection with closing, Roland Phelps has retired as Galantas’ President and Chief Executive Officer and as a member of the Board of Directors. His role as CEO has been assumed by Mario Stifano, an experienced mining executive who has raised significant capital for a number of mining and resource companies in exploration, development and production such as Lake Shore Gold Corp. Mr. Stifano is to join the Board of Directors, subject to regulatory approval. The Company has appointed Brendan Morris as Chief Operating Officer in a non-board role. He is currently Managing Director of Lisheen Technical and Mining Services, providing consultancy and mining services. The Board of Galantas has appointed Brent Omland to the Board of Directors, subject to regulatory approval. He is currently Chief Financial Officer of Ocean Partners. Ron Alexander has stepped down from the Board following many years of valued service.