Garson Gold Corp.

Garson Gold Corp.

January 24, 2008 08:00 ET

Garson Gold Recommences Drilling at New Britannia, Acquires Hudbay Option Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 24, 2008) - Garson Gold Corp. (TSX VENTURE:GG) ("Garson Gold" or "the Company") wishes to announce the re-commencement of drilling at the Company's New Britannia Mine ("NBM") site in Snow Lake, Manitoba. Three diamond drills are now operating on the property on a 24 hour basis.

Garson Gold completed approximately 20,000 meters (m) of drilling on the New Britannia property in 2007, and anticipates completing in excess of 25,000 m (approximately $4 million) during the 2008 drilling campaign. Drill assay results during 2007 have been reported as received and final assay results for several holes drilled in late 2007 are pending.

The Company also announces the acquisition of 100% of the "HudBay Option" property, which is contiguous to the New Britannia Main Mine. Garson has made a final installment property payment of $400,000 to Hudson Bay Mining and Smelting Co., Limited in exchange for 100% ownership of the property subject to a 1.5% Net Smelter Royalty (NSR). Management considers this transaction to be a strategic acquisition, as certain of the main mine structures extend onto these claims, and several additional exploration targets were identified within this ground during the 2007 exploration program.


Garson Gold owns a 100% interest in The New Britannia Mine (NBM) Project, covering approximately 3,900 hectares and hosting the historic New Britannia Gold Mine, which operated from 1949 to 1958 and again from 1995 to 2004 and produced approximately 1.43 million ounces of gold. The current resource estimate at the NBM property audited by Micon International Ltd. to NI 43-101 standards is available for viewing on Sedar ( and

In December 2007, Garson announced the commencement of a scoping study to assess viable start-up and production scenarios with the objective of re-establishing gold production at the NBM Property. The scoping study will include; an estimation of capital costs required in rehabilitating the NBM mine and mill, and an updated evaluation of current resources.

On Behalf of the Board,

David G. Tafel, President and Director

This news release may contain forward looking statements concerning future operations of Garson Gold Corp. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

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

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