Golconda Gold Ltd.

Galane Gold is pleased to announce that it has retained KPMG LLP to replace Deloitte & Touche LLP as its auditor. There has been no discovery of any accounting or other irregularities which prompted the change of auditors. KPMG LLP was the auditor of Galane Gold Mines Ltd., the operating company that was acquired pursuant to the recently completed qualifying transaction by the Corporation.