THG

Threegold Resources Inc ("Threegold" or the "Company") (TSX VENTURE:THG) is
pleased to announce that it has entered into a binding letter of intent (LOI) to
sell its interest in the Dome Lemieux project to Capstock Financial (TSX
VENTURE:CPK). 


The terms of the deal are as follows, Threegold will receive 8,750,000 shares in
CPK priced at 40 cents for a total of $3,500,000 in exchange for the claims
comprising the Dome Lemieux. The shares will be subject to a one year hold
period. This transaction will give Threegold a 22% interest in Capstock and is
subject to TSX-V and other regulatory approvals. 


The Transaction will finally allow the Dome Lemieux project and the entire Gaspe
area get explored in a focused and systematic manner. That is the mandate of
Capstock. 


This is a strategic move for Threegold as it is advancing its gold projects in
the Abitibi gold camp in Quebec. This will allow Threegold to focus on the
rapidly developing South Bay project as well as the recently acquired claim
blocks beside the Standard Gold project (see news release dated January 4th
2012) 


Threegold is currently awaiting results from the South Bay drill program (see
news release dated December 5th 2011) and the Standard Gold drill program which
was conducted by Bowmore Exploration (TSX VENTURE:BOW) (see news release
November 16th 2011) 


About Threegold 

Threegold has established itself as one of the premier exploration companies in
Quebec. The Company has a highly qualified technical team with extensive
exploration experience, including previous gold discoveries in Quebec, and
management with financing and public company expertise.  


Threegold aims to create shareholder wealth through the discovery of new
deposits with a focus on Canadian assets, mainly in Quebec. Threegold offers
investors a portfolio of high-quality exploration projects and the potential to
take part in a major discovery. 


With a strategic property portfolio and solid partnerships, like the one with
Osisko Mining Corporation, Threegold's goal is to discover a low-cost,
multi-million ounce gold deposit in Quebec.

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