Mr. Galen McNamara reports

ANGOLD RESOURCES ANNOUNCES SHARE CONSOLIDATION

Angold Resources Ltd. will undertake a consolidation of its outstanding common shares on the basis of one postconsolidation for every 10 preconsolidation shares. The consolidation has been approved by the directors of the company in accordance with the articles of the company.

As of the date of this news release, the company has 144,705,502 common shares issued and outstanding. Following completion of the consolidation, the company is expected to have approximately 14,470,550 common shares issued and outstanding. The exercise price and number of common shares issuable upon the exercise of the company's outstanding options and warrants will also be proportionally adjusted upon completion of the consolidation.

Completion of the consolidation remains subject to the approval of the TSX Venture Exchange. The company will issue a further news release once such approval has been obtained and the effective date for the consolidation determined.

About Angold Resources Ltd.

Angold is an exploration and development company, targeting large-scale mineral systems in proven gold districts in Chile and Ontario.

We seek Safe Harbor.