August 12, 2008 06:00 ET

Boxxer Gold Corp: Boss # 3 Zone Yields High-Grade Silver-Lead-Zinc Mineralization

CALGARY, ALBERTA--(Marketwire - Aug. 12, 2008) - Boxxer Gold Corp (TSX VENTURE:BXX) is pleased to announce new exploration results from an ongoing exploration program which include 0.41% copper, 0.47 g/t gold, 101 g/t silver, 7.24% lead and 10.03% zinc over a 2 metre interval in the upper level of the Boss # 3 zone. Systematic channel sampling of the entire Upper Level of the Boss # 3 zone has been completed and results are listed below. The analytical results for the systematic channel sampling of old adits and pits in the Boss Extension and the preliminary work on the Ironside Northeast zone both of which are located within the 14,000 (4.3 kilometres) foot long alteration zone property are expected shortly.

Mr. Elmer Stewart, President and CEO of Boxxer stated, "We are very pleased with the results of the Boss # 3 zone. These results introduce a new perspective to the exploration potential of the property. The analytical results combined with the strike and dip of the zone, suggests the presence of a sizable zone of mineralization. Diamond drilling is required to determine the actual size of the mineralized zone."

Boss # 3:

The Upper level of the Boss # 3 zone is located approximately 250 metres west of and 100 metres above the Boss # 2 zone (Figure-1 and see News Release dated April 22, 2008). The mineralization in this zone has been outlined by sampling over a width of 8 metres, a length of 21 metres and visually to a depth of 40 metres below the Upper Level. The average grade of all channel samples collected from the Upper level of the Boss # 3 zone is 0.77% copper, 0.27 g/t gold, 57.25 g/t silver, 0.86% lead and 3.58% zinc. The analytical results for the most recent sampling program are set out below.

Sample # Interval (m) Copper (%) Gold (g/t) Silver (g/t) Lead (%) Zinc(%)
BM3-06-08 2.00 0.26 0.14 89.90 0.79 6.53
BM3-07-08 2.00 0.41 0.47 101.00 7.24 10.03
BM3-08-08 2.10 0.23 0.11 81.50 0.26 3.01
BM3-09-08 7.60 0.95 0.33 46.00 0.26 7.13
BM3-10-08 3.90 1.82 0.42 86.30 0.06 3.01
BM3-11-08 2.40 0.04 0.02 1.70 0.03 0.21
BM3-12-08 2.40 0.64 0.02 18.40 0.07 0.23
BM3-13-08 4.90 0.40 0.21 12.40 0.03 0.19
BM3-14-08 2.40 0.66 0.38 29.90 0.10 0.22

The Boss # 3 zone occurs within the 14,000 foot long (4.3 kilometres) coarse grained dolomite alteration zone. The underground workings between the Upper and Lower levels of this zone have not been sampled due to lack of access. Based on the channel sampling completed to date, the mineralized zone is open in all directions.

Future Plans:

Exploration over the next month will focus on compiling the geophysical and litho-geochemical data collected on the property from previous exploration programs. Contingent on the analytical results of the recently completed reconnaissance work on the Ironside Block, additional work consisting of mapping, prospecting and systematic sampling will be undertaken. The Ironside Block is characterized by a cross-cutting zone of coarse grained dolomite alteration and bleaching that is approximately 6,000 feet long and ranges from 1,500 to 2,500 feet wide.

Sample Preparation and Analysis:

All channel samples were collected with a hammer and chisel and represent continuous sampling of the material within the sample interval. Sample weights ranged from 2 to 4 kilograms and sample intervals ranged from 2.0 to 7.6 metres. All samples were prepared ALS Chemex laboratory in Winnemucca, Nevada and were analyzed by ALS Chemex in Vancouver, British Columbia using PGM-ICP 23 for gold, platinum and palladium and ME-ICP41 for silver and copper and other metals. ALS Chemex's quality system complies with the requirements for the International Standards ISO9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the use of international and in-house standards.

Quality Control

Boxxer follows a rigorous Quality Assurance/Quality Control program consisting of inserting blanks and duplicates into the sample stream submitted to the laboratory for analysis.

Elmer B. Stewart, MSc. P. Geol., President of Boxxer, is the Corporation's nominated Qualified Person pursuant to National Instrument #43-101, Standards for Disclosure for Mineral Projects, has reviewed the technical information disclosed in this news release.

About Boxxer Gold Corp.

Boxxer Gold is a Canadian junior resource company involved in the exploration of copper-gold porphyry and Iron-Oxide-Copper-Gold projects in the state of Nevada, and a shear hosted gold project located 110 kilometres north of Yellowknife NWT, Canada.

Forward Looking Statements: This news release contains forward - looking information including but not limited to comments regarding the timing and content of upcoming work programs, contingencies and geological interpretations. Forward - looking information includes disclosure regarding possible future events and therefore, involves inherent risks and uncertainties. For any forward looking information given, management has assumed that the analytical results it has received are reliable, and has applied geological interpretation methodologies which are consistent with industry standards. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements. For such statements, we claim the safe harbour for future.

To view an image of Figure 1 - Boss Project - Alteration and Zones of Copper-Gold Mineralization please click the link below:

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

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