Mr. James Anderson reports

VANGOLD MINING SECURES SURFACE ACCESS AND LAND USE AGREEMENTS AT COMPANY'S EL PINGUICO GOLD AND SILVER MINE

Vangold Mining Corp. has secured a surface land access agreement and a surface land use agreement for its El Pinguico gold and silver mine located seven kilometres south of the city of Guanajuato, Mexico.

These agreements will provide the company with long-term convenient and efficient road access to the El Pinguico mine, and use of ample open acreage on the surface of the El Pinguico mine, Vangold's primary mining concession.

Land access agreement

The company has signed a land access agreement with the local Ejido group, Ejido Calderones, from the town of Calderones, in the state of Guanajuato, Mexico, located adjacent to Vangold's El Pinguico mine holdings. The agreement allows for unrestricted road access for exploration and mining equipment and personnel to El Pinguico through the community of Calderones. The 15-year agreement will provide crews with long-term access to the project via the area's safest and most direct route. Under the agreement, Vangold will make an initial payment of approximately $7,100. The company will then make annual payments of approximately $2,100, adjusted yearly for inflation.

Chief executive officer James Anderson stated: "Vangold Mining is very grateful to our neighbours from Calderones for allowing us this road access. We look forward to working with the community of Calderones in a continued spirit of neighbourly friendship and co-operation, and anticipate providing job opportunities to the local population in the years to come."

Land use agreement

The land use agreement was signed with a local landowner and encompasses a total of 89.6 hectares covering important portions of the surface of the El Pinguico mining claims. The two-year agreement allows Vangold to build additional roads, and do all things necessary to build or re-establish a mine. The agreement also gives Vangold an option to purchase the land outright after the two-year term. Vangold director Hernan Dorado Smith commented: "The Ramirez family who own the land are a prominent business family within the Guanajuato community; they have had an interest in the El Pinguico mine for over 50 years. These surface access and use agreements, together with Vangold's existing mining rights, provide the company with all key land components necessary to carry out its planned exploration and operational activities at El Pinguico." Under this agreement, Vangold has made an initial payment of approximately $1,700. After 12 months, the company will then commence making monthly payments of approximately $140.

About Vangold Mining Corp.

Vangold Mining is engaged in the exploration and development of mineral projects in the Guanajuato region of central Mexico. The company's flagship El Pinguico project was a significant past producer of high-grade gold and silver, and is located just seven km south of the city of Guanajuato, Mexico. The company remains focused on the near-term potential for development and monetization of both its surface and underground stockpiles of mineralized material at El Pinguico.

We seek Safe Harbor.