Mr. Scott Walters reports

BIG GOLD CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Big Gold Inc. has closed the first tranche of its recently announced non-brokered private placement offering for gross proceeds of $532,000.

As part of the closing, the company issued 9.14 million units at a price of five cents per unit for gross proceeds of $457,000 (each unit consisting of one common share and one non-transferable purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of eight cents for a period of 18 months from the closing of the offering) and 1,071,429 flow-through (FT) shares at a price of seven cents per FT share for gross proceeds of $75,000. The FT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

The net proceeds of the offering will be used to complete the company's recently announced exploration program at the Tabor project, northeast of Thunder Bay, Ont., and for working capital purposes.

In connection with the closing of the first tranche, the company will pay a cash finder's fee of $11,600 and issue 197,715 finder's warrants, representing cash of 8 per cent and 8 per cent in finder's warrants.

In accordance with applicable Canadian securities laws, all securities issued pursuant to the private placement will be legended with a hold period of four months and one day from the date of issuance.

Completion of the private placement and payment of any finder's fee remain subject to the receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange.

About Big Gold Inc.

Big Gold is a junior mining exploration company. Its initial focus is to conduct exploration programs on the Martin Kenty property and its recently acquired Tabor property, both located in Ontario. Big Gold will also continue to consider other opportunities as they arise, with the objective of acquiring and exploring early-stage base and precious metal projects.

We seek Safe Harbor.