GoldTrain Resources Inc.

August 10, 2009 09:58 ET

GoldTrain Announces Start of Field Program on the Missinabie Gold Project and Extension of Warrants

TORONTO, ONTARIO--(Marketwire - Aug. 10, 2009) - GoldTrain Resources Inc. ("GoldTrain") is pleased to announce that a detailed mapping and sampling program has started on its 100%-owned Missinabie gold project near Wawa, Ontario. GoldTrain's Missinabie gold property covers approximately 2,000 hectares adjacent to the past-producing Renabie Gold Mine. This program is a follow-up of the 2007-08 sampling and geophysical program that produced very encouraging results. The first phase will include "ground-truthing" several high priority I.P. targets as well as further channel-sampling on the D-vein. This phase, combined with detailed mapping of the area, will provide GoldTrain with sufficient data to complete the design of a proposed 1000 meter diamond drill program planned for the fourth quarter in 2009. Assay results will be released as soon as possible after being received from the labs.

In addition, in accordance with authority granted by its Board of Directors, GoldTrain has extended the expiry date for its Class A warrants to 4:30 p.m. (Toronto time) on Friday, September 18, 2009. Each Class A warrant entitles the holder to purchase one common share of GoldTrain for $0.12 if exercised on or before the expiry date. The warrants also contain an over-subscription privilege entitling warrantholders to purchase additional GoldTrain shares on the expiry date at the same price if they exercise all of their warrants and other warrantholders do not. GoldTrain will pay a solicitation fee to securities dealers, brokers and others permitted under applicable securities laws to receive compensation for assisting in exercising warrants; the solicitation fee is equal to 6% of the amounts so subscribed.

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the forward-looking statements and expectations.

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