Mr. Victor Goncalves reports

THREEGOLD RESOURCES ACQUIRES SIGNIFICANT LAND POSITION AROUND THE STANDARD GOLD AND DUVERNY PROPERTIES

Threegold Resources Inc. has acquired 135 claims from prospector and businessman Rene Rousseau in Duverny township in the vicinity of its Standard gold project.

The property consists of three claim blocks, Majo, Rouzo and Caro. The Majo and Rouzo blocks are contiguous and to the west of Bowmore's Duverny property, while the Caro property is contiguous to the south of the Standard gold property which is under option to Bowmore (see press release dated Feb. 14, 2011, for details).

Bowmore is currently conducting a phase-one, 5,000-metre diamond drill program to test various targets including duplicating some of the historical diamond drill holes that produced the data shown in the attached table (see press release dated Nov. 16, 2011).

       HISTORICAL DRILL HOLE RESULTS ON THE STANDARD GOLD PROPERTY

Hole No.                  From             To         Length             Au
                            (m)            (m)            (m)           g/t 
                                                                           
232-3                     37.0          265.4          228.4           0.50
including                 79.1           79.8            0.7          10.30
including                129.3          129.9            0.6          12.10
including                255.1          255.7            0.6          10.90
234-1                      4.0          119.0          115.0           0.46
including                116.8          107.3            0.5           12.0
234-2                      0.0          123.2          123.2           0.48
including                120.8          121.4            0.6           14.4
234-4                     10.0          117.0          107.0           0.89
including                 18.7           19.2            0.5          20.30
including                 74.4           76.0            1.6          10.80
235-4                      0.0           10.0           10.0          21.47
including                  5.0            6.0            1.0         121.70
236-6                     16.7           46.8           30.1           1.81
including                 18.0           18.6            0.6          28.50
237-1                     37.6           94.4           56.8           0.59
237-3                      9.7          104.3           94.6           1.16
including                 25.1           25.6            0.5          55.80
including                103.8          104.3            0.5          41.60
238-4                     43.0           54.5           11.5          26.40
including                 52.2           54.0            1.8         161.50
SG-24                     10.4           83.1           72.7           0.57
including                 23.7           24.1            0.4          27.43
S-36                      39.4           76.0           36.6           0.90
including                 75.6           76.0            0.4          20.23

According to the terms of the agreement, Threegold purchases 100 per cent in the claims of payments made over five years described as follows:

• $25,000 at signing;
• $50,000 and one million units upon acceptance of the Toronto Stock Exchange. The units will consist of one common share and one purchase warrant priced at 15 cents for the first 12 months and 18 cents for the following 12 months. The shares shall be held in escrow for a 12-month period from the time the transaction closes;
• Starting March, 2012, $40,000 and 300,000 shares shall be issued each 12 months until the final instalment of $120,000 on March, 2016;
• The deal will be subjected to a 3-per-cent net smelter royalty, of which 2 per cent can be bought back for $1-million and an additional 0.5 per cent can be bought back for an additional $750,000.

Victor Goncalves, president of Threegold, remarks: "We are very pleased to have added such a strategic land package around an already highly prospective area. We look forward to exploring this property as well as to any results that will be produced from the Bowmore drill campaign."

Antoine Fournier, PGeo, vice-president of exploration for Threegold Resources and a qualified person as defined by National Instrument 43-101, is responsible for the technical content of this press release.