THG

Threegold Resources Inc. ("Threegold" or "the company") (TSX: VENTURE:THG) is
pleased to announce results from the Phase One diamond drill program that
Bowmore Exploration Inc (TSX VENTURE:BOW)(FRANKFURT:0B5)("Bowmore") on its
Standard Gold and Duverny properties, both located in the Abitibi region of
Quebec. The objectives of this program were to confirm some of the historical
gold intersections in proximity to the Standard Gold deposit, and test the host
granodiorite dyke for possible extensions to gold mineralization along sections
spaced several hundred metres apart. The dyke, defined from previous drilling
and by its aeromagnetic signature, is 4.8 km long and 150 to 250 metres wide. It
occurs on both properties and hosts the Standard Gold deposit. Both properties
host a kilometric, intense carbonate (ankerite) alteration zone that is the
regional exploration target. 


The ten hole drill program covered a strike length of about 3600 meters around
the Standard Gold deposit. Highlights are summarized in the following table: 




----------------------------------------------------------------------
Hole No.            From (m)        To (m)    Length (m)        Au g/t
                                                                      
SG11-01                 10.0          78.0          68.0          0.74
including               26.0          27.0           1.0         19.05
And                    106.0         150.0          44.0          0.59
                                                                      
SG11-02                 54.0          69.0          15.0          0.49
And                    147.0         160.0          13.0          0.56
                                                                      
SG11-05                106.0         132.5          26.5          0.57
including              128.0         129.0           1.0          6.03
                                                                      
SG11-06                 51.0          52.0           1.0          7.05
And                     69.0          85.0          16.0          0.80
And                    275.0         287.0          12.0          0.54
And                    339.0         340.0           1.0          7.06
And                    365.0         373.0           8.0          1.43
                                                                      
SG11-07                 95.0          96.0           1.0          2.44
And                    289.0         291.0           2.0          1.45
And                    363.0         364.0           1.0          2.46
----------------------------------------------------------------------



DDH SG11-01, SG11-02 and SG11-06 were drilled into the known deposit over a
strike length of about 380 metres. DDH SG11-03 and SG11-04 were collared 560
metres SE of the deposit and did not intersect significant mineralization. DDH
SG11-05 was collared 1480 metres SE of the deposit and intersected 26.5 m
grading 0.57 g/t Au along the southern margin of the intrusion. DDH SG11-07 was
collared and drilled immediately NW of the deposit. Finally, DDH SG12-08,
SG12-09 and DV12-01 tested the NW strike length of the granodiorite up to 2100
metres away from the deposit but did not intersect significant mineralization.  


Mr. Victor Goncalves, President and CEO of Threegold Resources Inc., stated: "I
am pleased with this first round of drilling on the Standard Gold property. A
significant proportion of the gold mineralization in core was disseminated. This
confirms the potential for a large low grade bulk-tonnage style gold deposits at
the Standard-Duverny Gold package. Further geological mapping and geophysical
surveys are slated for spring and early summer to better define the regional
carbonate alteration zone on these properties. This will allow or joint venture
partner to gear up for the second phase of drilling."  


The Standard Gold and Duverny properties are contiguous and are located in
Duverny Township in the Abitibi region of Quebec, some 19km northeast of the
town of Amos. The property package and immediate area include three known gold
deposits, including the past-producing Standard Gold Mine, which operated
between 1935 and 1953. 


Both properties encompass a very large (minimum 7 x 8 kilometres) zone of
intense carbonate alteration (ankerite) and a array of significant shear zones
in proximity to felsic intrusions. Such voluminous carbonate alteration zones
are significant for gold exploration as they are associated with major know
Archean gold camps, including Timmins, Red Lake and Larder Lake in Ontario and
Kalgoorlie in Australia. 


Bowmore has an option on both properties. It has a right to acquire a 51%
interest in the Standard Gold property from Threegold Resources Inc. (TSX
VENTURE:THG) (by way of plan of arrangement from Osisko Mining Corporation) by
making total cash payments of $280,000 and incurring expenditures of $4,000,000
over a five year period. Bowmore may acquire an additional 19% interest (total
of 70%) by incurring $6 million in exploration expenditures over an additional
five year period. 


Gilles Lanthier, P.Geo., independent geological consultant for Bowmore, is the
Qualified Person who has reviewed this news release and is responsible for the
technical information reported herein.  


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. 


Forward-looking statements: 

Except for statements of historical facts, all statements in this news release
regarding, without limitation, new project acquisitions, future plans and
objectives are forward-looking statements which involve risks and uncertainties.
There can be no assurance that such statements will prove to be accurate; Actual
results and future events could differ materially from those anticipated in such
statements.

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