Mr. Galen McNamara reports

ANGOLD RESOURCES ANNOUNCES FINANCING UPSIZE

Angold Resources Ltd. has elected to increase the size of its previously announced non-brokered private placement to accommodate additional demand. The company will now offer up to 17 million common shares at a price of five cents per share for aggregate gross proceeds of up to $850,000.

The offering remains subject to approval of the TSX Venture Exchange, and all securities issued will be subject to a four-month hold period under Canadian securities laws. The company may pay finders' fees to arm's-length parties in consideration for introducing subscribers to the offering.

Qualified person

The technical content of this news release has been reviewed and approved by Galen McNamara, PGeo, the interim chief executive officer of the company and a qualified person as defined by National Instrument 43- 101.

About Angold Resources Ltd.

Angold is an exploration and development company targeting large-scale mineral systems worldwide. The company's assets include projects in Chile and Canada. The Dorado project in Chile features a major porphyry-gold system where drill results include 302 metres at 0.71 grams per tonne gold. The Cordillera project in Chile is strategically located between two multimillion-ounce gold deposits and features multiple gold exploration targets. The Uchi project in Canada is prospective for base- and precious-metal mineralization.

We seek Safe Harbor.