More Manitoba Gold at Rice Lake

February 26, 2008 – 2:07 pm

San Gold Corp today reported results for underground diamond drilling below the lowest working levels of the Rice Lake Gold Mine. Highlights include 2.7 m of 31.8 g/t Au (.93 oz / ton )
San Gold 2008-02-26 14:29 ET - News Release

Mr. Dale Ginn reports

PHASE 2 DRILL PROGRAM REVEALS ADDITIONAL NEW HIGH GRADE ZONE AT RICE LAKE DEEP

San Gold Corp.’s second phase of deep drilling below the working levels of the Rice Lake mine has already resulted in the discovery of a new high-grade zone in addition to extending downdip the high-grade “96″ vein, as highlighted by hole No. 464-08-00, intersecting 5.4 metres (17.7 feet) of 31.1 grams per tonne (0.91 ounce per ton) gold. The newly discovered zone is highlighted by hole No. 464-08-03 which intersected 2.7 metres (8.9 feet) of 31.8 g/t (0.93 ounce per ton) gold. The first seven holes of the phase 2 program are reviewed in the attached table.

Hole No.       From       To          Length   Gold g/t  (ounce per ton)    Vein/Zone

464-08-02    16.8 m   20.9 m    4.1 m (13.5 feet)      13.1     (0.38)          New
464-08-03    12.0 m   14.7 m    2.7 m  (8.9 feet)      31.8     (0.93)          New
464-08-04    14.7 m   18.8 m    4.1 m (13.5 feet)       6.0     (0.18)          New
464-08-00    37.3 m   42.7 m    5.4 m (17.7 feet)      31.1     (0.91)           96
464-08-05    39.9 m   43.6 m    3.7 m (12.1 feet)      23.6     (0.67)           96
464-08-06    26.5 m   32.7 m    6.2 m (20.3 feet)       5.9     (0.17)           96
464-08-07    48.6 m   52.7 m    4.1 m (13.5 feet)      16.2     (0.47)           96

Full San Gold Corp Press Release

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