Recent Drilling Targeting Prospective Appleton Fault Zone

TORONTO - Labrador Gold Corp. reported recent drilling targeting the prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the ongoing 100,000 meter diamond drilling program at its 100% owned Kingsway Project. Highlights of the drilling include an intersection of 30.67 g/t Au over 1.1 meters from 208.85 meters that included 99.31 g/t Au over 0. 3 meters in Hole K-22-190 from the north end of Big Vein. The intersection is approximately 75 meters north of the discovery outcrop and is downdip of Hole K-22-177 that intersected the longest interval yet of 2.02g/t Au over 32m. Also at Big Vein, Hole K-22-194 intersected 1.27 g/t Au over 6.17 meters from 115 meters that included 2.3 g/t Au over 3m. At Big Vein Southwest, Hole K-22-184 intersected 4.67 g/t over 1.64m from 336.25m that included 8.97 g/t over 0.75m.

“We continue to have drilling success at the north end of Big Vein where several significant intercepts have now been received, including 6.07 g/t Au over 19m in hole K-21-111 and 2.02 g/t over 32m in Hole K-22-177 and now 30.67g/t Au in Hole K-22-190,” said Roger Moss, President and CEO. “The down dip mineralization in K-22-190 shows the high-grade prospectivity of this area which we are currently following up. Big Vein has been drilled over a strike length of approximately 520 meters and remains open both to the northeast and southwest. Two drill rigs are currently drilling at Big Vein to test for extensions of the mineralization in both directions.”