January 10, 2008 06:00 ET

Boxxer Retains ACA Howe International Limited to Complete Scoping Study on Nalesbitan Gold Project

CALGARY, ALBERTA--(Marketwire - Jan. 10, 2008) - Boxxer Gold Corp. (TSX VENTURE:BXX) is pleased to announce that it has retained ACA Howe International Limited ("Howe") to complete a Preliminary Economic Assessment (a Scoping Study) on the Nalesbitan gold project (the "Property") located in the Province of Camarines Norte, within Barangay Dumagman, Municipality of Lobo, Republic of the Philippines. Boxxer executed an Option Agreement with ElDore Mining Corporation Limited (ASX - "EDM") on June 28th, 2007 to acquire a 65% interest in the Property subject to completion of certain terms and conditions (see news release dated July 4, 2007). The Property comprises a contiguous block of 14 mining claims covering 1,184 hectares (approximately 2,800 acres) and is located approximately 315 kms. east-southeast of Manila, on the Bicol Peninsula on the country's main island of Luzon.

The Preliminary Economic Assessment is being completed to: i) define the overall scope of the Project, ii) complete an updated National Instrument 43-101 compliant resource estimate, iii) report on metallurgical test work completed to date, iv) review the process design, v) complete preliminary mine planning and pit optimization studies, vi) estimate capital and operating costs and vii) complete a preliminary financial analysis of the Project.

Boxxer has completed approximately 2,000 metres of infill reverse circulation drilling and diamond drilling to determine the continuity of the previously defined gold-silver mineralization and metallurgical test work based on recommendations made in a report prepared by Taiga Consultants Ltd. of Calgary, Alberta "Report on the Nalesbitan Gold Property Municipality of Labo Camarines Norte Province, Republic of the Philippines (the "Taiga Report") dated September 19, 2007. The Taiga Report has been filed on SEDAR and can be viewed at In the Taiga Report a current inferred mineral resource of 7,455,000 tonnes averaging 1.15 g/t gold using a 0.75 g/t gold cut-off grade was reported for the Property.

The analytical results for the reverse circulation and diamond drilling and the metallurgical test work will be reported on receipt of the information.

In addition to the main area of gold-silver mineralization located within the Project referred to as the Nalesbitan gold deposit, five other zones of gold-silver mineralization remain to be explored. The Property is also considered to have potential porphyry related copper-gold-silver molybdenum mineralization.

Mr. Elmer Stewart, P.Geol., the President and CEO of Boxxer and a 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 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. Boxxer recently acquired an option to purchase 65% of the Nalesbitan gold project in the Philippines.

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Forward Looking Statements: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding Boxxer's intentions are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

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