Adventure Gold Inc.

Adventure Gold Inc.

November 07, 2007 13:00 ET

Adventure Gold Appoints Marco Gagnon as President & Ceo

OTTAWA, ONTARIO--(Marketwire - Nov. 7, 2007) - Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company"), a junior mining exploration company with strategic properties in the Val d'Or region of Quebec, announces that the Board of Directors has appointed Marco Gagnon as President & CEO effective November 5th, 2007. Andre Audet will remain with the Company as Chairman of the Board of Directors.

"We are pleased to welcome Marco as the new President & CEO of Adventure Gold," comments Andre Audet, Chairman of the Board. "The company will benefit from his vast experience in the development and management of exploration programs as well as his extensive knowledge of the mining industry."

Mr. Gagnon, a graduate in geology from Universite du Quebec a Chicoutimi, is a senior mining exploration professional with more than 15 years experience, mostly with major mining companies. From 2004 to 2007, he was Vice-President Exploration and Acquisitions with Societe d'exploration miniere Vior inc., a Quebec-based mining exploration company. Prior to 2004, Mr. Gagnon acquired a vast experience in mine production and mine site and project exploration with Inmet Mining Corporation where, over a period of 10 years, he developed an expertise in designing, implementing and managing exploration programs on archean base metal and gold properties in Eastern Canada and in Finland. Prior to Inmet, he was employed by Barrick Gold, Minnova and Radisson Mining Resources. Mr. Gagnon is the current President of the Quebec Mining Exploration Association.

In other news, the Company announces that Pierre D'Aragon has resigned from the Board of Directors. "We would like to thank Pierre for his assistance during our time as a private company and in facilitating the Q.E.X. property portfolio transaction," said Mr. Audet. Pierre D'Aragon will be replaced on the Board by Marco Gagnon, subject to shareholder approval.

Furthermore, the Company announces that on November 7th, 2007, the Board of Directors authorized the issuance of 1,090,000 options to Directors, Senior Officers and Employees. Each stock option entitles the holder to subscribe for one common share of the Company at a price of $0.265 per share for a five year period.

Adventure Gold is an emerging junior mining exploration company with a property portfolio in the historic gold producing Val d'Or region of Quebec. The Company's strategic Beaufor Gold property is adjacent to the Beaufor Mine, a producing gold mine jointly operated by Richmont Mines (TSX:RIC) & Louvem Mines (TSX VENTURE:LOV).

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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