Mr. Martin Pawlitschek of Sanu Gold reports

SANU GOLD ANNOUNCES $10 MILLION PRIVATE PLACEMENT LED BY MONTAGE GOLD & THE LUNDIN FAMILY

Sanu Gold Corp. has arranged a non-brokered private placement of up to 35,714,286 common shares at a price of 28 cents per common share for aggregate gross proceeds to the company of up to $10-million.

Both Montage Gold Corp. and the Lundin family and associates have indicated their intention to maintain each of their respective pro rata equity interests in the company that would result in them holding ownership interests in Sanu of 19.9 per cent and 10 per cent, respectively, following completion of the placement.

The net proceeds from the placement will be allocated to further exploration efforts, including ground geophysics and the expansion of drilling programs on the company's Daina and Diguifara gold exploration permits in Guinea, West Africa, as well as the Bantabaye exploration permit. Additionally, funds may support the acquisition of potential new exploration permits and will provide general working capital for the company. All securities issued pursuant to the placement are subject to a four-month-and-one-day hold period under applicable Canadian securities laws.

The company may pay finders' fees in connection with the placement, as permitted by applicable securities laws and the rules of the Canadian Securities Exchange (CSE). The placement is subject to the company's filing requirements with the CSE, and the company anticipates closing the placement as soon as practicable, subject to the receipt of all necessary regulatory approvals.

Pursuant to existing investor rights agreements between the company and each of Montage Gold, the Lundin family and AngloGold Ashanti PLC, each of Montage Gold, the Lundin family and AngloGold Ashanti will be entitled to acquire common shares in connection with the placement on equivalent terms to maintain its pro rata equity interests in the company.

Certain directors and/or officers of the company may acquire securities under the placement. Any such participation would be considered a related party transaction, as defined under Multilateral Instrument 61-101. The placement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any common shares issued to, nor the consideration paid by, such persons will exceed 25 per cent of the company's market capitalization.

About Sanu Gold Corp.

Located within the Siguiri basin, a world-class gold district that is host to several operating mines and major new discoveries, Sanu Gold is exploring three high-quality gold exploration permits in Guinea, West Africa. The company has defined multikilometre-long, gold-bearing structures on each of the gold exploration permits, with multiple high-value drill targets, and is targeting multimillion-ounce gold discoveries. Sanu is operated by a highly experienced team with successful records of discovery, resource development and mine permitting.

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