Dr. Roger Moss reports

LABRADOR GOLD INTERSECTS 0.87G/T AU OVER 55.9 METRES AT NEW HM OCCURRENCE INCLUDES 38.37G/T AU OVER 0.8 METERS

Labrador Gold Corp. has released results from recent drilling targeting the highly prospective Appleton fault zone. The drilling is part of the company's continuing 100,000-metre diamond drilling program at its 100-per-cent-owned Kingsway project.

The latest results include holes drilled at Pristine, the northeast extension of Big vein, initial holes at Knobby and Peter Easton, as well as the first hole in the new HM occurrence.

Hole K-23-334 was a short hole drilled into the HM occurrence to test for gold mineralization at depth below the quartz vein at surface. Most of the hole was anomalous in gold, grading 0.87 gram per tonne Au over 55.9 metres that included a zone with 27 grains of visible gold that graded 38.37 g/t Au over 0.8 metre from 61.4 metres near the bottom of the hole. The HM occurrence was found by prospecting and is located approximately 570 m along strike to the southwest of Big vein and a similar distance northeast of Knobby. Hole K-23-334 is the only hole drilled into this occurrence to date.

Results from hole K-23-304, drilled at Knobby, intersected two quartz zones containing visible gold at 42 and 49 metres. These intersections graded 1.27 g/t Au over 0.42 metre and 8.78 g/t Au over 0.4 metre, respectively.

"We are excited by the results from the first hole at HM. While it is good to see the high grade associated with the visible gold, it is very encouraging to see continuous, anomalous gold in the country rock to the quartz veins throughout much of the hole," said Dr. Roger Moss, president and chief executive officer of Labrador Gold. "This new occurrence, the seventh to be found by the LabGold team since we started work on the property, continues to demonstrate the significant prospectivity of the area around the Appleton fault zone at Kingsway. With a total strike length of approximately 12 kilometres across the property, we are optimistic that more occurrences will be uncovered going forward."

Hole K-23-291 drilled at Pristine intersected near-surface gold mineralization grading 1.13 g/t Au over 8.32 metres from 15 metres, including 2.31 g/t over three metres. Holes drilled at Peter Easton and to the northeast of Big vein tested structures interpreted from airborne magnetics and three of the four holes did not intersect gold mineralization.

Quality assurance/quality control

True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Nfld., for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30-gram fire assay with atomic absorption finish as well as by inductively coupled plasma optical emission spectroscopy for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than one g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5 per cent of the total samples in each batch. Approximately 5 per cent of sample pulps are submitted to Bureau Veritas, an ISO 17025 accredited laboratory in Vancouver, B.C., for check assays.

Qualified person

Dr. Moss, PhD, PGeo, president and CEO of LabGold, a qualified person in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

About Labrador Gold Corp.

Labrador Gold is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada. Labrador Gold's flagship property is the 100-per-cent-owned Kingsway project in the Gander area of Newfoundland. The three licences comprising the Kingsway project cover approximately 12 km of the Appleton fault zone which is associated with numerous gold occurrences in the region. Infrastructure in the area is excellent, located just 18 km from the town of Gander with road access to the project, nearby electricity and abundant local water. Labrador Gold is drilling a projected 100,000 metres targeting high-grade epizonal gold mineralization along the Appleton fault zone with encouraging results. The company has approximately $7-million in working capital and is well financed to carry out the planned program.

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