Mr. Louis Morin reports

OPUS ONE GOLD CORP. ACQUIRES A SECOND PROPERTY WITH LITHIUM POTENTIAL NEAR Q2 MIA LITHIUM DISCOVERY

Opus One Gold Corp. has reached an agreement for the acquisition of a 100-per-cent interest of a second property for lithium in the Eeyou Itschee territory, James Bay, Quebec, in a district that is currently being intensively explored for its lithium potential by mining companies.

After months of property evaluations, the company elected to get involved in areas of the James Bay which are particularly active for lithium exploration. It took a while for the management to secure properties because of the restrictive limitations established by the company for property acquisition:

1. The properties have to be located within prospective districts.
2. The properties have to be accessible by land for low-cost exploration and development (trucks or ATVs).
3. The properties have to show excellent potential for discoveries.

The terms of the option agreement between Opus One and the owners consist of a cash payment of $40,000, payable upon the closing of a future financing within the next six months; 4.25 million Opus One shares, valued at five cents per share; and one million warrants exercisable at 10 cents for a period of 18 months; all of the above divided 50 per cent between the two claims owners. The transaction is conditional upon TSX Venture Exchange approval.

The chosen property, called Wemindji, is located near the village of the same name, immediately to the west of the Mia lithium discovery (Q2 Metals). It consists of one claim block covering 2,590 hectares. The property is located north of the road leading to Wemindji and is easily accessible with ATVs. The Mia lithium discovery consist of a series of spodumene-bearing pegmatites located along an east-northeast/west-southwest axis, which might continue west onto the Wemindji property.

A preliminary evaluation of the area consisting of a study of satellite images indicated the presence of several elongated pale coloured rock formations, well exposed because of recent historical wildfires that are consistent with the presence of pegmatite dikes.

The company is gearing up for a summer prospecting, mapping and sampling program on both properties recently acquired in the area (Wemindji and LaGrande). A field crew should be mobilized in late July. The field program is fully financed.

Louis Morin, chief executive officer of Opus One, commented: "Through the partnership we established with seasoned and dedicated prospectors, we are acquiring a second lithium property that again, corresponding precisely to our corporate criteria as to accessibility and mineral potential. At Opus One, we are always careful to wisely spend our funds to create maximum value for our shareholders. We secured a first-class competent crew to conduct our upcoming summer field program, and we are fully financed to proceed."

About Opus One Gold Corp Inc.

Opus One is a mining exploration company focused on discovering high-quality gold and base metal deposits within strategically located properties in proven mining camps, close to existing mines in the Abitibi greenstone belt, northwestern Quebec and Northeastern Ontario -- one of the most prolific gold mining areas in the world. Opus One holds assets in the areas of Val d'Or, Matagami and now James Bay.

A qualified person, Pierre O'Dowd, PGeo, has verified the data disclosed, including sampling, analytical and test data underlying the information or opinions contained in the written disclosure as required by Section 3.1 and 3.2 of National Instrument 43-101.

We seek Safe Harbor.