Mr. Robert Archer reports

NEWRANGE GOLD OPTIONS GOLD PROPERTY IN RED LAKE MINING DISTRICT

Newrange Gold Corp. has signed an option agreement to earn a 100-per-cent interest in the Western Fold property from Aurcrest Gold Inc., subject to a 2-per-cent net smelter returns royalty. The property comprises approximately 2,300 hectares in the Birch-Uchi greenstone belt in the Red Lake mining district, approximately 12 kilometres northwest of the Springpole gold deposit (4.67 million ounces gold indicated -- First Mining Gold Corp.).

The Western Fold property contains a magnetic signature that is indicative of a strongly folded iron formation similar to that hosting the Musselwhite gold mine (Newmont Goldcorp Corp.) in Northwestern Ontario. Although the Western Fold iron formation has never been drill tested, this geological setting is considered to be highly prospective for gold mineralization.

"Iron formation gold deposits are known around the world as a subset of Precambrian gold deposits," stated Robert Archer, Newrange's chief executive officer. "Having worked at the Musselwhite mine and the Tucano gold mine in Brazil (Great Panther Mining Ltd.), I am personally familiar with this geological model. Furthermore, Robert Carrington, Newrange's president, is familiar with the Springpole deposit from his tenure as CEO with Gold Canyon before it was purchased by First Mining. As such, we are no strangers to Northwestern Ontario, which is enjoying a resurgence of exploration success. We see the Western Fold property option as a low-cost and potentially high-reward opportunity for the company while we continue to advance our flagship Pamlico project."

The terms of the agreement call for Newrange to make cash payments totalling $200,000 and issuing an aggregate of one million common shares over a two-year period to earn a 100-per-cent interest in the property, subject to a 2-per-cent NSR, half of which can be purchased for $1-million. The option agreement is subject to the approval of the TSX Venture Exchange.

About Newrange Gold Corp.

Newrange is a precious metals exploration and development company focused on near- to intermediate-term production opportunities in favourable jurisdictions including Nevada, Colorado and now Ontario. With numerous drill intercepts of near-surface oxide gold mineralization to 340 grams gold per metric tonne, the company's flagship Pamlico project is poised to become a significant new Nevada discovery.

We seek Safe Harbor.