SOURCE: Ironwood Gold Corp.

Ironwood Gold Corp.

May 03, 2010 08:30 ET

Ironwood Gold Corp. Commences Phase One Exploration at Cobalt Canyon Project

SCOTTSDALE, AZ--(Marketwire - May 3, 2010) -  Ironwood Gold Corp. (OTCBB: IROG) (the "Company") is pleased to announce the engagement of Carlin Trend Mining Services ("Carlin Services") to conduct a gold mineralization survey of the Cobalt Canyon project located in the Chief Mining District of Nevada.

A recently updated N.I. 43-101 report prepared for Ironwood has indicated that Cobalt Canyon appears to have potential for 1.5 million ounces of gold -- and possibly considerably more -- as either an open-pit or underground target.

Carlin Services plan to collect approximately 650 soil samples across a 50m X 100m grid area encompassing Ironwood's claims at the property over a six day period. The focus of the survey is to better define the length and width of gold mineralization along the Old Democrat and Stampede Detachment faults. The areas of interest occur where the north-south trending Old Democrat and Stampede faults are cut by smaller east-west trending faults. 

The project presents three types of mineralization for exploration: high-angle vein mineralization, high-angle/detachment intersections, and disseminated porphyry mineralization. All three types of mineralization could be potentially suited to bulk-tonnage, open-pit mining.

Carlin Trend Mining Services is a privately held company headquartered in Elko, Nevada and was founded over 15 years ago by professional geologists. During this period the firm has undertaken contract work on behalf of well known mining companies such as; Newmont, Barrick, Frontier, Agnico-Eagle and Anglo American amongst others.

Company President Robert Reukl comments that "we are pleased to have begun the first phase of our exploration program at Cobalt Canyon. This is the first in an integrated series of steps required to move towards identifying potential drill targets. As soon as we get the results from Carlin Services we will be that much closer to our ultimate goal of a full resource assessment of our claims."

Additional details regarding the Company and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.ironwoodgold.com.

ABOUT IRONWOOD GOLD CORP. (OTCBB: IROG)
Ironwood Gold Corp. is a mineral exploration and development company building a portfolio of prospective properties containing known deposits of strategic precious metals in politically stable, mining-friendly North American districts with recognized production histories.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD

Ironwood Gold Corp.
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Behzad Shayanfar, CEO

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