Mr. Victor Goncalves reports

THREEGOLD ACQUIRES 11,854 METERS OF HISTORICAL DIAMOND DRILLING HOLE CORE AT STANDARD GOLD, INCLUDING FIVE UNFILED DRILL HOLES

Threegold Resources Inc. has acquired a database of 11,854 metres of diamond drilling hole core that was drilled on the Standard Gold property in the early 1980s. Of additional and particular interest, the database contains detailed logs of unfiled cores totalling 2,137 metres.

Among the intersections of the unfiled 2,137 metres of core, the database highlights significant mineralized sections with the following low rates of core sampling:

• S-42: 531.0 metres with a sampled length of 172.9 metres or 32.6 per cent;
• S-42W3: 322.0 metres with a sampled length of 145.5 metres or 45.2 per cent.

Among the intersections of the other recovered cores, the database also highlights significant mineralized sections with the following relatively low rates of core sampling:

• S-84-4: 445.0 metres with a sampled length of 65.8 metres or 14.8 per cent;
• S-84-2W3: 365.0 metres with a sampled length of 37.1 metres or 10.2 per cent;
• S36: 200.6 metres with a sampled length of 127.2 metres or 63.4 per cent;
• S38: 176.6 metres with a sampled length of 153.9 metres or 87.1 per cent;
• S-87-1: 162.9 metres with a sampled length of 43.6 metres or 26.7 per cent;
• P7: 155.4 metres with a sampled length of 114.9 metres or 73.9 per cent;
• P1: 69.7 metres with a sampled length of 62.0 metres or 89.0 per cent;
• P2: 50.6 metres with a sampled length of 28.8 metres or 56.8 per cent;
• S59: 46.5 metres with a sampled length of 22.2 metres or 47.8 per cent.

The core has been safely stored in core shacks and is in good shape since it was drilled in the 1980s in the immediate vicinity and at different underground levels of the historical mine. Historical assay logs and a strong database of information come along with the core. Forthwith upon the acquisition, Threegold matched the core holes with the drill collars and georeferenced them. The core, which has been stored in Val d'Or, is being transferred to Malartic, Que., where a relogging and reassay program for gold and multielements is under way by the management of Bowmore Exploration, Threegold's option partner.

Several things stand out in this such as the fact that achieving almost 12,000 metres of drilling is time consuming and costly for an exploration company, and to acquire these core and data for a nominal cost is of huge benefit to Bowmore and Threegold's shareholders. Secondly, this drill core will allow the company to better understand the highly prospective geological context of the area. Thirdly, with reanalysis of the full mineralized sections, these data would be conclusive for a future National Instrument 43-101 technical report. Fourth, previous work done by Bowmore Exploration, the company's option partner, has already demonstrated the strong potential of the area by defining extension of the historical gold-mineralized corridor (see press release on March 29, 2012).

Victor Goncalves, president and chief executive officer of Threegold Resources, stated: "We are pleased to have been fortunate enough to get our hands on well over $1-million worth of drilling. The company will commence the necessary work to maximize the data at hand."

Alain Berclaz, PGeo, vice-president of exploration for Threegold Resources and a qualified person as defined by National Instrument 43-101, has reviewed the technical content of this press release.

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