Rodinia Lithium Secures $2 Million Stand-By Credit Facility From Key Shareholder

Toronto, Canada, February 26, 2013: Rodinia Lithium Inc. (“Rodinia” or the “Company”) (TSX-V: RM) (Nasdaq-RDNAF.PK)is pleased to announce it has entered into a $2.0 million stand-by credit facility (the “Credit Facility”) with Aberdeen International Inc. (“Aberdeen”).  Aberdeen is currently a significant shareholder of Rodinia, is a long-time supporter of the Company, and is a member of the Forbes & Manhattan Inc. group of companies.

Under the Credit Facility, Rodinia has the ability to draw down amounts up to a maximum of $2.0 million (subject to the terms of the Credit Facility), with repayment of any draw down to be made by February 25, 2016.  Any amounts drawn down will bear interest at 10% per annum, payable quarterly in arrears, with the first installment due on June 30, 2013. As at September 30, 2012 (the Company’s most recent financial statements for the third quarter), the Company had $621,000 in cash and no debt.  Rodinia expects that its current funding will be sufficient to fund its operations through the delivery of a revised National Instrument 43-101 Mineral Resource Estimate and Feasibility Study for its Salar de Diablilos lithium-potash project in Salta, Argentina.

“The Credit Facility is a tremendous vote of confidence from one of our largest shareholders.  It insulates us from market uncertainty and provides a ready source of non-dilutive funding, if required, in the future,” said Aaron Wolfe, Vice President Corporate Development of Rodinia.  “We very much appreciate the on-going support of one of the Company’s longest and largest shareholders as we continue to achieve our short term milestones.”

In consideration for Aberdeen’s commitment under the Credit Facility, Rodinia has agreed to secure the Credit Facility against its Salar de Centenario assets.  No fees or warrants have been issued in relation to the establishment of the Credit Facility.  Promptly after signing the Credit Facility, the Company will draw down $300,000 from the line of credit. 

Aberdeen is a non-arm’s length party; as such term is defined by the TSX-Venture Exchange, as Aberdeen and Rodinia have a common senior officer.

About Rodinia Lithium Inc.:

 Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America.  The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Please visit the Company’s web site at www.rodinialithium.com or write us at info@rodinialithium.com. 

For further information please contact
Aaron Wolfe
Vice-President, Corporate Development
Tel: +1 (416) 309-2696

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release may be deemed to constitute “forward-looking information” within the meaning of Canadian securities law. Such forward-looking information may include, without limitation, statements (express or implied) regarding the anticipated effects of the results and the impact of the Credit Facility. There can be no assurance that such statements (express or implied) will prove to be accurate, and actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

NEITHER THE 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.

International Lithium Corp. Reports High Grade Lithium and a New Exploration Target

Feb 19, 2013 Vancouver B.C. February 19, 2013: International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to announce lithium and associated rare metal assay results from the first eleven (11) holes of the Company's recent drill program on the pegmatite field spanning the Company's contiguous Mavis Lake and Fairservice claims near Dryden, Ontario. Assays are pending for the remaining 8 holes.

Key Highlights:
1.51% Li2O over 21.40m (incl.2.37% Li2O over 9.2m) intersected in drill hole MF12-24
1.51% Li2O over 6.20m intersected in drill hole MF12-25
2.53% Li2O over 6.0m occurring at surface in drill hole MF12-28 

"In addition to the assay results, we report observing a wide alteration halo surrounding and between the pegmatites containing a lithium bearing mineral holmquistite. This halo is strikingly wider than expected and indicates the possibility of a larger, undiscovered pegmatite body at depth. The next phase of the exploration program will be designed to develop drill targets for testing this model. This new data, supported by a review of historical geophysical and lithogeochemical surveys has changed our targeting from shallow mineralization to more substantial targets at depth" comments John Harrop, VP Exploration.

Holmquistite is a lithium mineral found in rocks hosting lithium bearing pegmatites, immediately adjacent to contacts with the pegmatites. Holmquistite is a valuable exploration indicator towards the discovery of hidden Lithium rich pegmatites. Typically, holmquistite is found within a few metres from the pegmatite contact, but on the Property it is observed up to 10s of metres from the pegmatite contacts. This exceptionally wide alteration suggests that the substantial volume of lithium, which permeated the rocks, may derive from a larger, deeper pegmatite body or pegmatite system than has yet to be discovered.

 Recent Drill Program
  The objective of the 19 hole, 2,075 metre drill program carried out on the Fairservice/Mavis Lake project from November to December in 2012 was to continue testing the subsurface continuity along strike and down dip of significant pegmatite intersections from historical and 2011 drilling. Extensive structural, geological, geochemical and geophysical interpretation of both new and historical data was utilized to co-ordinate drilling this year and to better interpret the orientation and distribution of pegmatite bodies for this and future exploration programs.

The following table reports the highlighted intersections with Li₂O (%) and Rb (ppm) reported to date:

Hole	From (m)	To (m)	Length*	Li2O (%)	Rb (ppm)
MF12-21	103.65	107.35	3.70	1.31	2397
MF12-24	151.35	174.75	21.40	1.51	1915
Incl.	165.55	174.75	9.20	2.37	1530
MF12-25	129.65	135.85	6.2	1.51	2308
MF12-28	6.00	12.00	6.00	2.53	2663
MF12-30	33.70	36.05	2.35	1.33	2135
and	36.95	41.05	4.10	1.23	2135

* All widths reported are drill core widths and have not been converted into true width.

Within the Mavis Lake pegmatite field, significant mineral and metal zonation indicates its highly evolved history. As a result, significant values for metals of interest are often in adjacent zones with limited overlap, which prevents a simple table of results.

The following table includes intervals of significant Tantalum values from MF12-21 through MF12-30:

Hole	From (m)	To (m)	Length(m)*	Ta (ppm)	Ta2O5%
MF12-24	151.35	152.8	1.45	350.0	0.042
MF12-15A	144.0	144.5	0.5	300.0	0.036
and	146.00	148.45	2.45	301.8	0.036
MF12-27	26.15	27.65	1.50	340.0	0.041
and	51.40	52.90	1.50	325.0	0.039
MF12-30	51.95	52.55	0.60	347.0	0.042

* All widths reported are drill core widths and have not been converted into true width.

The majority of these holes were oriented perpendicular to the surface trace of mapped pegmatites on the property. New information from this drilling program indicates that many individual pegmatites have a more variable dip to the north than was previous realized. Consequently, most of the holes were drilled south. Several bands of pegmatites cross the Property, but only one band, the Central band, has a significant number of outcrops and has been the target of the majority of both the Company's and historical drilling.

Northern Pegmatite Band
The Northern Band of pegmatites, approximately 100m north of the Central Band, was targeted in five drill holes during this campaign following up on the 2011 discovery hole, drill hole MF11-12, that intersected 28.45 metres grading 1.22 %Li₂O and 26.25 metres grading 1.86 %Li₂O. Holes MF12-21, 22 and re-entered hole MF11-15a targeted the Northern Band near the extensive MF11-12 intersection.

Hole MF12-24, targeting over 25m east of the wide pegmatite intersections of MF11-12, drilled through a well mineralized pegmatite containing 1.51% Li₂O over 21.40m including 2.37% Li₂O over 9.20m. The vertical drill hole MF11-15 was re-entered (named MF11-15a) and the hole extended an additional 70.3 metres to 175.3 metres depth to test revised models of pegmatite orientation. Pegmatites encountered tended to be significant in tantalum values but less so in lithium, further adding to the understanding of lithium-tantalum zonation on the Property.

Hole MF12-25 was drilled more than 25m to the west of MF11-12 from the north and also contains a well-developed core zone of spodumene and quartz with 1.51% Li₂O over 6.0m.

Holes MF12-24 and 25 were drilled approximately 250m to the west, adjacent to the only reported pegmatite outcroppings along the Northern Band and on section to an historical hole from 1956, B-7, that contained 0.917% Li₂O over 9.20m.

Hole MF12-22 targeted the shallow up dip direction of the pegmatite intersected in B-7 and encountered narrow and less mineralized pegmatites. 

Hole MF12-21 intersected 1.31% Li₂O over 3.70m and occurs below MF12-22 and above the historical B-7 intersection indicating thickening at depth on this section of the Northern Band and may represent the lateral continuity of the well-mineralized pegmatites in MF11-12, MF12-24 and MF12-25 250m to the east.

The presence of well evolved chemistry, significant high-grade intersections, apparent thickening at depth and extensive and unrivalled holmquistite alteration halos indicate a sizable pegmatite or pegmatite system at depth.



Central Pegmatite Band
The remaining six holes targeted the central band of pegmatites.
Hole MF12-28, drilled 25 meters east of MF11-11, collared in a shallow, high grade pegmatite with 2.53% Li₂O over 6.0m with the pegmatite open toward the east.

Hole MF12-27 was drilled under an historical lithogeochemical lithium in host rock anomaly. The pegmatite intersected had significant tantalum values, but the wall rocks contained more lithium than the pegmatite itself, suggesting the hole did not test deep enough to identify a pegmatite source related to the surface geochemical anomaly.

Hole MF12-30 tested pegmatite infill at depth between previously drilled outcrops on the central band.

Laboratory work was conducted by Activation Laboratories Ltd of Ancaster, Ontario with the samples being submitted by Company staff to their Dryden prep facilities. Activation Laboratories is an accredited laboratory with ISO 17025:2005 and CAN-P-1579 certification. Analysis was conducted using a sodium peroxide fusion followed by ICP-MS. The Company uses industry recognized practices to ensure quality control. To support this, a number of large samples were collected from surface sites known to have significant lithium and tantalum values. Following preliminary analysis a blend of these samples is being used to develop a certified reference material matrix matched to the Companies pegmatite projects. The new reference material has been inserted into the sample stream at the Property and will be utilized on other Company projects.

The Mavis - Fairservice Property Area
The property is located 15 km Northeast of Dryden, Ontario and is easily accessed via the Trans-Canada Highway and a series of logging roads. The claim blocks comprise a total of 2,624 hectares and straddle a continuous pegmatite field exhibiting high-grade, well-evolved, lithium and tantalum zonation as well as significant levels of cesium and rubidium. Regional pegmatite mineralization is directly associated with the 

strongly peraluminous Ghost Lake Pluton and related pegmatitic granite dykes. Rare metal mineralization in the Mavis Lake area occurs in zoned pegmatites hosted by mafic metavolcanic rocks. Rare metal mineralization occurs in four zones: internal beryl zone within the parent of the Ghost Lake pluton that evolves to the east within the Fairservice and Mavis Lake claim blocks into external zones of beryl-columbite, spodumene-beryl-tantalite and albite-type pegmatites.

John Harrop, P.Geo, FGS, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

About International Lithium Corp.
International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.

The Company's primary focus is the Mariana lithium-potash brine project in Argentina within the renowned South American 'Lithium Belt' that is host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporite basin that ranks as one of the more prospective salars, or 'salt lakes' in the region.

Complementing the Company's lithium brine projects are rare metals pegmatite properties in Canada and Ireland that have revealed through recent highly positive results a clear potential that the Company will advance with the support of its strategic partner, Ganfeng Lithium. These projects can add distinct value as the Company strives to source rare metals to help meet the increasing demand through the growth in global technologies that utilize the rare metals suite of elements.

With the increasing demand of high tech applications in battery and vehicle propulsion technologies, lithium and other rare metals are no doubt the metals of tomorrow's green tech economy. By positioning itself with solid development partners and projects with significant resource potential, ILC aims to be the green tech resource developer of choice for investors and build value for its shareholders.

International Lithium Corp.'s mission is to find, explore and develop projects that have the potential to become world-class lithium, potash and rare metal deposits.

On behalf of the Board of Directors,

Kirill Klip
President, International Lithium Corp.

Neither the 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. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

TNR Gold Corp. 

international lithium corp.

 

San Gold Announces $50 Million Offering of Convertible Debentures

WINNIPEG, MANITOBA--(Marketwire - Feb. 13, 2013) -
THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) (the "Company") today entered into an agreement with a syndicate of underwriters co-led by Scotiabank and CIBC under which they have agreed to act as underwriters to purchase, on a bought deal basis, 50,000 convertible unsecured subordinated debentures (the "Debentures") of the Company at a price of C$1,000 per Debenture, for total gross proceeds of C$50 million (the "Offering").
The Underwriters have been granted an option (the "Option") to purchase up to an additional 15% of the Offering, exercisable in whole or in part at any time up to 30 days following the closing of the Offering, which is scheduled to occur on or about March 6, 2013 (the "Closing Date").
The Debentures will mature on March 31, 2018 (the "Maturity Date"), unless earlier redeemed, and will bear interest, accruing, calculated and payable semi-annually in arrears on March 31 and September 30 of each year, at a rate of 8.00% per year. The Debentures will be convertible at the holder's option into common shares ("Common Shares") of the Company at any time prior to the close of business on the earlier of the Maturity Date and the business day immediately preceding the date fixed for redemption of the Debentures at a conversion price of C$0.50 per Common Share (the "Conversion Price"), subject to adjustment in certain circumstances.
The net proceeds of the offering will be used to fund continued development of the Company's mineral properties and for general working capital purposes.
The Debentures will be direct unsecured obligations of the Company ranking subordinate to all liabilities except liabilities, which by their terms rank in right of payment equally with or subordinate to the Debentures. The Debentures will rank pari passu with all subordinate indebtedness issued by the Company from time to time, to the extent subordinated on the same terms.
The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals. The Offering is subject to the approval of the TSX.
These securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba, approximately 235 kilometres northeast of Winnipeg, Manitoba, Canada. The Rice Lake Project has a permitted, modern gold mill currently processing ore at a capacity of 2,500 tons per day, modern surface infrastructure including a licensed tailings management facility, and is connected to the Manitoba power grid system. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
For further information on the Company, please visit www.sangold.ca.
Cautionary Note
This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Drill core obtained as part of the surface drill program was split, with half sent to TSL Laboratories in Saskatoon, SK and fire assayed followed by an Atomic Absorption and gravimetric finish. Whole metallic assays were performed on samples containing visible gold. Underground drill core samples were assayed on site in the Company's assay laboratory using the fire assay method with an Atomic Absorption and gravimetric finish. The Company's quality control and assurance program includes the insertion of standards, the retention of pulps and rejects, and spot checks utilizing independent laboratories including TSL Laboratories in Saskatoon, SK and Accurassay Laboratories of Thunder Bay, ON.
Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.
FOR FURTHER INFORMATION PLEASE CONTACT:
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Contact Information:

San Gold Corporation

Dale Ginn, P.Geo

Qualified Person and Executive Vice Chairman

1 (855) 585-4653





San Gold Corporation

George Pirie

President and CEO

1 (855) 585-4653





San Gold Corporation

Manish Grigo

Director Investor Relations

1 (855) 585-4653

info1@sangold.ca

www.sangold.ca

San Gold increases production and resource estimates for Rice Lake Mine

San Gold Corporation

TSX : SGR
OTCQX : SGRCF

February 08, 2013 07:00 ET

San Gold Provides Update on Rice Lake Activities: Resource Estimation, Mine Development and Production, Guidance and Exploration

WINNIPEG, MANITOBA--(Marketwire - Feb. 8, 2013) - San Gold Corporation (the "Company") (TSX:SGR)(OTCQX:SGRCF) announces an updated mineral resource and mineral reserve estimate, 2012 production results with guidance for 2013 & 2014 and an exploration update for the Company's 100% owned Rice Lake Mining Complex (the "Property") located in Bissett, approximately 235 kilometres northeast of Winnipeg, Manitoba, Canada. The Property has a permitted, modern gold mill currently processing ore at a capacity of 2,500 tons per day, as well as modern surface infrastructure, including a licensed tailings management facility and is connected to the Manitoba power grid system.
Highlights

• Proven and Probable mineral reserves of 253,000 ounces, an increase of 21% from March 31, 2012 (an increase of 75% after accounting for mined ounces).
• Measured and Indicated mineral resources of 655,000 ounces, an increase of 17% from March 31, 2012 (an increase of 32% after accounting for mined ounces).
• Highest ever production in 2012 of 86,506 ounces of gold, an increase of 17% over 2011.
• Milling capacity was significantly increased during the year to 2,500 tons per day from 2,000 tons.
• Continued exploration success along the depth extension of the 007 zone that returned 12.6 g/t gold over 6.0 metres and 15.5 g/t gold over 11.1 metres.

Development Outlook for 2013

The objective of the development program, from 2013 onwards, is to increase mine production to match the current mill capacity. Development will take place within the Property in four main areas, on 26 Level, 16 Level, A-Shaft of the Rice Lake mine and within other active mining areas of the 007, Hinge, Cohiba and L13 deposits. (refer to Figures 1&2 on projected timelines)

• On 26 Level of the Rice Lake mine, the Company is driving a 150 metre drift, to begin definition drilling of the 007 deposit, and a 300 metre access drift to allow mining of the 710 deposit. Mining in this region is targeted to begin in early 2014.
  
  
• On 16 Level of the Rice lake mine, the Company is constructing a new A-Shaft ore handling system and 1,200 metres of tracked haulage drifts to access the Hinge district from 720 metres below surface. Development work will continue in 2014 to access the 007 deposit. Mining is targeted to begin in early 2014 in the Hinge district, with operations commencing in the 007 deposit later in the year.
  
  
• A-Shaft is being reconfigured with new ropes, guides, drum, and skips in anticipation of increased production from the 16 and 26 levels. Once complete, A-Shaft is expected to have up to 2,500 tpd capacity from 26 Level and 3,000 tpd capacity from 16 Level.
  
  
• Within the active mining regions, the Company is planning 6,800 metres of development to provide access for mining operations, drill stations, services, and ventilation.
  
  

Once the development is complete, the operations team will have access to multiple faces, which will lead to significantly higher production rates and lower cash costs per ounce.

2012 Preliminary Operating Results
The Company is also pleased to announce highest ever production in 2012 of 86,506 ounces of gold with approximately 16,370 tons of ore remaining in surface stockpiles at year end. Overall, the Company produced 17% more gold in 2012 compared with the 74,280 ounces of gold produced in 2011. Production levels decreased marginally during the fourth quarter and lower than planned grades were realized in several stoping blocks at the 007 mine. Additionally, grades were lower due to an increased focus during the quarter on ore development work.

Gold production was 19,019 ounces during the fourth quarter resulting in gold production of 86,506 ounces for the year. For the quarter, 168,088 tons were milled resulting in a total of 629,279 tons for the year. 171,351 tons were mined during the quarter resulting in a total of 615,142 tons mined for the year. Average feed grade during the quarter was 4.22 grams per tonne gold (0.123 opt) resulting in an average feed grade of approximately 5.07 grams per tonne gold (0.148 opt) for the year. Mill recovery during the quarter was 92.6% resulting in an average recovery of 93.1% for the year.

MINERAL RESOURCE AND RESERVE ESTIMATE
The following table provides a detailed summary of the Company's mineral resources and mineral reserves, as of December 31, 2012. A detailed technical report has been filed on SEDAR.

Mineral Reserves
		Tons		Gold Grade					Insitu
				oz/ton		(g/tonne)			ounces
Rice Lake Mine
Proven Reserves		47,400		0.20		(6.90	)		9,500
Probable Reserves		327,300		0.18		(6.26	)		59,800
Proven and Probable		374,700		0.18		(6.34	)		69,300
Hinge District
Proven Reserves		37,800		0.14		(4.87	)		5,400
Probable Reserves		344,800		0.11		(3.78	)		38,000
Proven and Probable		382,600		0.11		(3.88	)		43,400
007 Zone
Proven Reserves		254,200		0.18		(6.24	)		46,200
Probable Reserves		478,800		0.13		(4.58	)		63,900
Proven and Probable		733,000		0.15		(5.15	)		110,100
Hanging Wall Zones (Cohiba, Cartwright L13)
Proven Reserves		37,600		0.14		(4.69	)		5,200
Probable Reserves		171,200		0.14		(4.93	)		24,600
Proven and Probable		208,800		0.14		(4.89	)		29,800
Normandy Shear (SG1, SG2, SG3)
Proven Reserves		-		-		-			-
Probable Reserves		-		-		-			-
Proven and Probable		-		-		-			-
Total Project
Proven and Probable		1,699,200		0.15		(5.10	)		252,600

Mineral Resources
		Tons		Gold Grade					Insitu
				oz/ton		(g/tonne)			ounces
Rice Lake Mine
Measured Resource		226,300		0.24		(8.21	)		54,200
Indicated Resource		770,200		0.24		(8.07	)		181,200
Measured and Indicated		996,500		0.24		(8.10	)		235,400
Inferred Resource		1,709,800		0.29		(9.80	)		488,500
Hinge District
Measured Resource		96,200		0.16		(5.65	)		15,900
Indicated Resource		480,900		0.13		(4.50	)		63,000
Measured and Indicated		577,100		0.14		(4.69	)		78,900
Inferred Resource		1,564,300		0.13		(4.48	)		204,500
007 Zone
Measured Resource		225,000		0.24		(8.18	)		53,700
Indicated Resource		868,800		0.15		(5.11	)		129,600
Measured and Indicated		1,093,800		0.17		(5.75	)		183,300
Inferred Resource		8,513,300		0.14		(4.89	)		1,214,700
Hanging Wall Zones (Cohiba, Cartwright L13)
Measured Resource		39,100		0.16		(5.57	)		6,400
Indicated Resource		336,100		0.19		(6.55	)		64,200
Measured and Indicated		375,200		0.19		(6.45	)		70,600
Inferred Resource		3,508,900		0.19		(6.64	)		679,700
Normandy Shear (SG1, SG2, SG3)
Measured Resource		-		-		-			-
Indicated Resource		387,300		0.22		(7.70	)		86,900
Measured and Indicated		387,300		0.22		(7.70	)		86,900
Inferred Resource		1,220,800		0.22		(7.44	)		265,000
Total Project
Measured and Indicated		3,429,900		0.19		(6.55	)		655,100
Inferred Resource		16,517,100		0.17		(5.92	)		2,852,500

NOTES TO MINERAL RESOURCE AND MINERAL RESERVE ESTIMATE TABLE:

• Mineral resource and mineral reserve estimates are in accordance with the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by CIM Council, 2010.
• Tonnage and in situ ounce estimates have been rounded to the nearest hundred.
• Proven and probable mineral reserves are included in the measured and indicated mineral resources.
• The mineral reserve estimate is based on a 2.7m (9ft.) minimum mining width, a SG 2.7 to 2.8 (tonnage factor of 11.4 ft3/ton), a gold price of US$1,300 - US$1,500 per ounce (100% exchange) and a 93% mill recovery.
• A 3.55-4.09 g/tonne (0.10-0.12 ounce/ton) cut-off grade has been applied to deposits accessed from the Rice Lake mine shaft, while a 3.00-3.47 g/tonne (0.09-0.10 ounce/ton) cut-off grade has been applied to deposits accessed via the Hinge/007 ramp.
• Assays were capped at 102.9 g/tonne (3.0 ounces/ton) for drill holes and chip samples.
• Inferred mineral resources are not in the current mine plan and therefore do not have demonstrated economic viability.
• The mineral resource and mineral reserve estimate as of December 31, 2012 was prepared under the supervision of Dale Ginn, P.Geo., and Michael Michaud, P.Geo., Qualified Persons within the meaning of National Instrument 43-101.
• The data in this table was prepared by the Company's geology and engineering teams led by: Chief Geologist, Doug Berthelsen (P.Geo); Chief Engineer, Joe Hunter (P.Eng); Senior Resource Geologist, Shawn Horte and Resource Geologist, Jonna Deutscher.

Outlook
The Company is providing preliminary guidance of between 85,000 to 95,000 ounces of gold with cash costs of under $800 an ounce for 2013; 95,000 to 105,000 ounces of gold for 2014 and 105,000 to 115,000 ounces of gold for 2015. The Company continues to focus on its higher margin, near surface mines with minimal production from its Rice Lake mine where development activities are taking precedence. The Rice Lake mine is scheduled to recommence normal production levels in late 2014 to early 2015; when it is expected to become an important contributor to production growth. Historically, the Rice Lake mine has accounted for 20% of overall production. The Company is forecasting annual capital development costs in the range of $45-$55 million for the years 2013 and 2014.
"2013 will mark another significant step forward in the evolution of the Rice Lake Mining Complex by extending operational access beneath the current mining areas at the 007 and Hinge mines, which have combined resources capable of sustaining production for the next ten to fifteen years. This development will provide the drill platforms we need to increase mineral reserves for long-term mine planning and will also provide access for continued exploration of targets located along strike from known deposits at depth. We continue to be excited about the resource potential at depth as recent drill results below 26 Level confirms continuity of the geological structures," said San Gold President and Chief Executive Officer, George Pirie.

2013 Exploration Program
Exploration activities in 2013 will continue to focus on definition and extension at the known zones and exploration drilling at other advanced targets on the mineral lease and in the surrounding Rice Lake area with a planned budget of $17 million that includes approximately 130,000 metres of core drilling. The highlights of the 2013 exploration program are as follows:

• Surface drilling at the Normandy Creek, SG1 and SG3 zones located east of the 007 zone to better define the mineral resource and possible extensions that have the potential to add to the current mineral resource base and provide incremental feed to the mill at some future time;
• Continue to refine geologic model and complete follow-up exploration on recent drill results from the 710 lens of the 007 zone near the 26 level that returned 12.6 g/t gold over 6.0 metres and 15.5 g/t gold over 11.1 metres (see press release dated November, 26, 2012) that indicates that zone extends up and down dip considerable distances and there remains many isolated drill intersections that require follow-up drilling;
• Surface drilling at more conceptual property and regional-scale targets, in particular in areas where east-west trending shear zones intersect more mafic volcanics and gabbroic rocks that are known to host the majority of the gold mineralization at the Rice Lake mine and 007 mine, and where limited drilling has returned anomalous gold values;
• Commence initial regional surveys and first phase of drilling at the recently acquired Atikwa Lake project (recently purchased from Opawica Explorations Inc. - see press release dated June 19, 2012), where 2011 drilling returned 309 metres grading 0.59 g/t gold; and
• Continue to support SGX Resources Inc. (31.5% ownership) that has experienced exploration success at their Timmins South - Edleston Zone (high-grade underground and open pit potential) and Timmins North - Tully Township (established mineral resources and remains open in all directions).

The Company currently has five drills operating at the Rice Lake Mining Complex and will be providing drilling results from these exciting projects throughout the year.

About San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba, approximately 235 kilometres northeast of Winnipeg, Manitoba, Canada. The Rice Lake Project has a permitted, modern gold mill currently processing ore at a capacity of 2,500 tons per day, modern surface infrastructure including a licensed tailings management facility, and is connected to the Manitoba power grid system. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".
Dale Ginn, P.Geo., the Qualified Person for San Gold under National Instrument 43-10, has reviewed and approved the press release.
For further information on the Company, please visit www.sangold.ca.
Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.
To view figure 1, please visit the following link: http://media3.marketwire.com/docs/SGRfig1.pdf
To view figure 2, please visit the following link: http://media3.marketwire.com/docs/SGRfig2.pdf

Contact Information

• 
  
  San Gold Corporation
  Dale Ginn, P.Geo
  Qualified Person and Executive Vice Chairman
  Toll Free: 1 (855) 585-4653
  info1@sangold.ca
  
  San Gold Corporation
  George Pirie
  President and CEO
  Toll Free: 1 (855) 585-4653
  info1@sangold.ca
  
  San Gold Corporation
  Manish Grigo
  Director Investor Relations
  Toll Free: 1 (855) 585-4653
  info1@sangold.ca
  www.sangold.ca