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File: VANPR01MAY13.pdf

VANGOLD RESOURCES LTD.                                                                                   TSX-V:VAN

                                               NEWS RELEASE

                        VANGOLD RESOURCES: CORPORATE UPDATE

May 1, 2013 � Vancouver, BC � Vangold Resources Ltd. is pleased to provide the following update on the
activity at its three 95% owned projects in Papua New Guinea: Allemata, Fergusson Island and Mt. Penck Vangold
has made application for extensions on all three concessions in Papua New Guinea.
In addition, the Company today announced that it has reached terms for the settlement of its secured debt.

Allemata
Vangold has completed a ten-hole core-drilling program on the Allemata project. The program tested several targets
identified in 3D Induced Polarization survey data collected on the property. Allemata is located in the historic Milne
Bay gold district and is believed to host high-grade, poly-metallic skarn deposits. The property is approximately
50km by paved road from the provincial capital of Alotau, which hosts a deep water port.

Fergusson Island
The Fergusson Island Project is also located in the province of Milne Bay and is accessible by boat. Vangold's
technical team has completed a comprehensive review of the historical data and conducted a site visit to gain a first-
hand understanding of the geology and potential drill targets. Results from the work conducted on Fergusson Island
suggest that the project has the potential to host a large low-sulphidation epithermal gold system similar to the 4M
oz. Misima Island gold deposit.

Mt. Penck
The Mt. Penck project is located in West New Britain Province and is accessible by road from the provincial capital
of Kimbe, where deep water port facilities are present. Work to date on the project suggests the potential to host a
large hydrothermal gold system. Historic drilling has produced significant mineralized intersections, including:
133m @ 1.83 g/t Au and 72m @ 1.79 g/t Au. A core-drilling rig was mobilized to the project in April to commence
a four-hole program, due to heavy rains over the course of several weeks the road accessing the property was
compromised. As a result, Vangold determined that it could not conduct the program safely and elected to
temporarily demobilize from the project area until monsoon season comes to an end.

Vangold has applied to the Mineral Resource Authority of Papua New Guinea (PNG) to extend its exploration
licenses for Allemata, Fergusson Island and Mt. Penck for an additional two years. Mineral exploration licenses in
PNG are extended for two year periods and are awarded at the discretion of PNG authorities.

Loan Settlement
The Company has transferred its shares of Coppermoly Limited in settlement of secured debt pursuant to the July 9,
2012 loan agreement. The principal amount of the loan was $550,000, interest was payable at 20% per annum and
the loan was secured by a general security interest and a pledge of all of the Company's shares of the Company's
subsidiary, Pacific Kanon Gold Corp. Transfer of Coppermoly shares was completed at $0.033 per share to reduce
the loan amount by $460,659. The balance of $89,341 is non-interest bearing and unsecured and will be reduced to
the extent the creditors realize more than an average $0.033 per share through sale of these shares, and if not sold b
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year end the debt will be reduced in a similar manner as if the shares were sold at the then market price.

Vangold is a publicly traded, Canadian exploration company focused on advancing its portfolio of global mineral
and petroleum assets.

We seek safe harbour

On Behalf of the Board of
VANGOLD RESOURCES LTD.

"Dal Brynelsen"
Dal Brynelsen, CEO

1              Suite 900 � 595 Howe Street, P.O. Box 10, Vancouver, BC, Canada V6C 2T5
                              T 604-684-1974 � F 604-685-5970 � www.vangold.ca
 VANGOLD RESOURCES LTD.                                                                                        Page 2 
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Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company's plans, e
--->stimates,
forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable base
--->d on information
currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available whe
--->n required
and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of whi
--->ch are
assured and are subject to a number of other risks and uncertainties

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events 
--->could differ
materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking infor
--->mation

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release




1                                 Suite 900 � 595 Howe Street, P.O. Box 10, Vancouver, BC, Canada V6C 2T5
                              T 604-684-1974 � F 604-685-5970 � www.vangold.ca