Technical Report For The West Cache Gold Project

TORONTO - Galleon Gold Corp. file the NI 43-101 Technical Report for the West Cache Gold Project Mineral Resource Estimate. The Technical Report titled "Technical Report and Updated Mineral Resource Estimate of the West Cache Gold Property, Bristol and Ogden Townships, Porcupine Mining Division, Timmins, Ontario" was prepared in accordance with National Instrument 43-101 "Standards of Disclosure for Mineral Projects" (NI 43-101).

Highlights in the report are the Mineral Resource was modeled as amenable to open pit and underground mining methods, and 100% of the Mineral Resource is within Galleon Gold's West Cache Gold Property, where the Mineral Resource remains open along strike and at depth.

An Updated Mineral Resource Estimate update is expected to be completed in conjunction with the Company's upcoming Preliminary Economic Assessment (PEA). Continuing work on the Mineral Resource, including follow- up and infill sampling, geological interpretation and modeling the Project as an underground-only mine, is currently underway. An all-underground mining operation would reduce the mining footprint on surface.

R. David Russell CEO and President, said, "We are pleased to have increased the Mineral Resource by 20% over the past year and look forward to delivering results from the first PEA for the West Cache Project. While we are eager for the completion of the economic analysis, and quantifying the potential of this Mineral Resource, we are equally excited to see how the mine plan for an all-underground scenario develops."