WINNIPEG, MANITOBA -- (MARKET WIRE) -- 08/08/12

San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) senior management plans to host a conference call at 11:00 am Eastern Time on August 14 to discuss its 2012 Q2 results and to provide an update of the Company's operating, exploration, and development activities.

Participants may join the conference call by dialing 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 at www.sangold.ca.

A recorded playback of the conference call can be accessed after the event until September 4 by dialing 1 (800) 408-3053 or 1 (905) 694-9451 for calls outside Canada and the United States. The pass code for the conference call playback is 4175558. The archived audio webcast will also be available on the Company's website at www.sangold.ca.

About San Gold

San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".

For further information on San Gold, please visit www.sangold.ca.

Cautionary Note

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contacts:
San Gold Corporation
George Pirie
President and CEO
1 (416) 214-0024

San Gold Corporation
Tim Friesen
Communications Director
1 (855) 585-4653
www.sangold.ca