Initial Drill Results From Novo Mundo

VANCOUVER - Resouro Gold Inc. reported on initial drill results from its first phase of exploration at Novo Mundo Gold Project, located in the Alta Floresta Gold Belt in Mato Grosso, Brazil. Assays from the first two of eleven diamond drill holes completed by Resouro have been received, with hole NMDD002 returning 11.65 m @ 5.1 g/t gold (Au) from 65.89 m, including 2.5 m @ 8.1 g/t Au from 66.39 m and 4.6 m @ 6.3 g/t Au from 72.94 m. These results confirm the broad widths of high-grade mineralization extending to depth below the Dionísio artisanal workings. Assay results for the remaining holes are pending and will be published when received.

This initial program was designed to test the strike and plunge continuity of mineralized shoots along the Luisão - Dionísio- Modesto mineralized trend and confirm the presence of high-grade mineralization identified in historic exploration. This trend makes up a small portion of the 16,735-hectare Novo Mundo property that is characterized by numerous artisanal workings and has undergone no systematic exploration.

Re-logging of historic drill holes, mapping and sampling of artisanal pits and outcrops confirmed the presence of two parallel high-grade shoots some 100m apart, controlled by at least two major E-W striking structures, with a combined strike length of over 4.5 km. Additional exploration targets over the remainder of the Novo Mundo property have been highlighted by interpretation of historical data including soil geochemistry, re-logging of the historical drill core, geological mapping, trenching, channel and grab chip samples.

Christopher Eager, CEO and President, said, "We are very pleased with these initial results at Novo Mundo, where our exploration is confirming the significant grades and mineralized widths seen in historical exploration and is improving our understanding of the mineralization controls. Importantly, what is becoming very evident as we explore is the significant exploration potential over the remainder of the property outside of the Luisão-Dionísio- Modesto trend. We look forward to updating our shareholders with additional results."