Galantas Gold Corp

Galantas Gold Corporation is a public company, dual listed on the TSX Venture Exchange, located in Toronto and London's AIM market.Galantas owns and recently operated a producing open pit gold mine near Omagh, County Tyrone, Northern Ireland. The mine also produces by-product silver and lead. A metals concentrate is produced by safe, low-toxicity processing and sold under contract to Xstrata Corporation. The mine has now received planning permits to continue to mine underground. The mine has completed part of a drilling exploration program with a significant increase in resources discovered and intends to continue that program. The Company complies with the corporate governance regime of Canada, being its country of incorporation. The Company's main country of operation is Northern Ireland. In addition, the directors acknowledge the importance of the Combined Code. They therefore intend to comply with the Combined Code so far as is appropriate having regard to the size and nature of the Company.

An audit committee comprising three or more directors, to be designated from time to time by the board, one of whom shall be designated as chair. Since admission to AIM Messrs Clancy, Alexander and Gunter sit on the Audit committee and Mr James Clancy is appointed as Chair.The duties of the audit committee include (inter alia) the monitoring and assessment of the relationship between the management of the Company and the external auditors, and monitor and support the independence and objectivity of the external auditors.A compensation and corporate governance committee comprising of Messrs Golla and Alexander, and chaired by Mr. Golla, has no specific charter or terms of reference, but is charged with reviewing and assessing the remuneration paid to the management and executive directors in addition to guiding and reviewing the granting of stock options. The compensation and corporate governance committee is also responsible for reviewing the Company's compliance requirements.