Yup, sadly you are correct. The current version of JoomGallery does not feature that directory or file

. However, there is some good news. I tried a small hack in another file which appears to work.
Open "../components/com_joomgallery/helpers/html/joomgallery.php" at line 1038 and change:
$link = $img_url.'" rel="lightbox['.$group.']" title="'.$image->imgtitle;
to
$link = $img_url.'" rel="lightbox['.$group.']" title="'.$image->imgtitle .'<br />'.$image->imgtext;
If you want to remove that image title and only disply the description,
$link = $img_url.'" rel="lightbox['.$group.']" title="'.$image->imgtext;
Please note that although these modifications appear to work fine, I have not tested them extensively so I am not certain what effect they will have on other parts of JoomGallery.