Mr. George Pirie reports

SAN GOLD TO RELEASE 2012 Q1 RESULTS ON MAY 9

San Gold Corp. plans to host a conference call on May 9 at 11 a.m. Eastern Time to discuss its first quarter 2012 results and to provide an update of the company's operating, exploration and development activities.

Participants may join the conference call by dialling 1-866-226-1793 or 1-416-340-8527 for participants outside of Canada and the United States. The conference call will also be available by webcast on the company's website.

A recorded playback of the conference call can be accessed after the event until May 30 by dialling 1-800-408-3053 or 1-905-694-9451 for calls outside Canada and the United States. The passcode for the conference call playback is 3604382. The archived audio webcast will also be available on the company's website.