Upper Canada Gold Corporation
TSX VENTURE : UCC

August 25, 2010 23:54 ET

Upper Canada Gold Corporation Announces Assay Results From the Dingman Property 2010 Drilling

TORONTO, ONTARIO--(Marketwire - Aug. 25, 2010) - Upper Canada Gold Corporation (the "Company") (TSX VENTURE:UCC) announces selected drill hole results from the drill program that commenced in early March 2010 on the Company's 100% owned Dingman Property.

The following assay results, corresponding to the 14th to the 19th drill holes, of a twenty four hole drill program at the Dingman Property are as follows:

Assay Results Received For Upper Canada Gold 2010 Drilling — Dingman Project

DH-ID Section Dip (degree) From (m) To (m) Length (m) Au (g/t)
DI-10-08A L150E, 120N -65 140.0 199.5 59.5 0.7
  Including:   140.0 143.0 3.0 0.7
      148.0 151.0 3.0 0.8
      157.0 161.0 4.0 1.2
      195.7 199.5 3.8 5.8
DI-10-08B L150E, 120N -55 130.0 188.7 58.7 1.0
  Including:   130.0 139.4 9.4 1.0
      141.0 149.0 8.0 0.7
      152.0 163.8 11.8 1.3
      166.0 169.5 3.5 2.0
      186.5 188.7 2.2 6.5
DI-10-08C L150E, 120N -45 87.2 125.5 38.3 0.4
  Including:   87.2 89.2 2.0 0.8
      102.0 108.5 6.5 0.7
      122.0 125.5 3.5 1.5

The true widths of these mineralized zones are approximately 70% of the above Dingman drill intercept widths.

Hole DI-10-08A-C were drilled on section below DI-07-12 (43.0m grading 0.84 g Au/t) and extended the mineralized zone to depth. DI-10-08C was drilled below DI-07-12 and while of similar widths the grade in DI-10-08C is 50% lower. The next lowest drill holes, DI-08B and C indicate a widening of the zone and significant increase in grade.

Assay Results Received For Upper Canada Gold 2010 Drilling — Dingman Project

DH-ID Section Dip (degree) From (m) To (m) Length (m) Au (g/t)
DI-10-09 L100E, 225N -50 212.4 286.7 74.3 0.79
  Including:   212.4 214.7 2.3 2.27
      236.0 241.6 5.6 1.55
      253.1 258.0 4.9 2.14
      265.0 274.0 9.0 2.71
      283.0 286.7 3.7 0.87
The true width of this mineralized zone is approximately 70% of the above Dingman drill intercept widths.

Hole DI-10-09 was drilled on section below DI-07-11, DI-87-22, DI-87-21 and DI-87-24 (in decreasing depth below surface). All DHs intersected the mineralized zone while DI-07-11 (26m grading 1.16 g Au/t) is immediately above DI-10-09. The mineralized zone, above cut off, appears to widen but decreases in grade.

Assay Results Received For Upper Canada Gold 2010 Drilling — Dingman Project

DH-ID Section Dip (degree) From (m) To (m) Length (m) Au (g/t)
DI-10-10A L75W, 214N -57 203.4 275.0 71.6 1.14
  Including:   203.4 253.0 49.6 1.41
      255.0 258.0 3.0 0.64
      259.9 263.0 3.1 0.63
      266.0 275.0 9.0 0.78
DI-10-10B L75W, 214N -46 174.2 263.3 89.1 0.98
  Including:   174.2 189.1 14.9 1.51
      195.2 223.3 28.1 1.52
      223.8 226.2 2.4 0.49
      229.5 234.4 4.9 1.27
      237.0 240.5 3.5 0.84
      241.7 244.0 2.3 1.01
      248.0 252.4 4.4 0.64
      259.5 263.3 3.8 0.72

Drill holes DI-10-10A-B were drilled, on section, between DI-07-15 (83m grading 0.78 g Au/t) and DI-07-19 (57m grading 0.84 g Au/t). The 2010 drill holes have higher grade intersection but indicate a general downward thinning of the mineralization.

The Corporation believes that these the above reported drilling has increased the contained mineralization and increased the confidence in the extrapolation of mineralization between drill holes.

The Corporation began drilling on March 5, 2010 and, as of July 9, 2010, has drilled 24 drill holes in 14 drill setups (DI-10-01A to DI-10-13) totaling 6,546 metres. Assays results are pending for eight drill holes. The above drill hole program completes the initial phase of drilling.

The drill program is focused on extending the mineralization beneath the current resource base from approximately 200 m to 300 m below surface. As described further in the Company's NI-43-101 compliant technical report on the Dingman Property dated September 15, 2009 and filed on SEDAR, the indicated resource estimate for the Dingman Property includes a total of 8,801,000 tonnes at 0.97 g/t Au. The inferred resource estimate is a total of 11,301,000 tonnes at 0.98 g/t Au. These resources are based on a 0.40 g/t Au cut-off grade and a capping Au strategy of 30 g/t.

Fire assaying for the Dingman property was completed by AGAT Laboratories of Mississauga, Ontario.

This release has been reviewed by Michael Leahey, [P.Geo.], who is a qualified person under National Instrument 43-101 and is responsible for the drill program.

Cautionary Note Regarding Forward Looking Statements:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization, resources and expansion of resources, recoveries, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with mine permitting, metallurgy, development, construction and mining operations, the uncertainty of the determination of mineable ounces of gold and copper in pounds or other minerals in pounds, or the future profitability of the Company's projects

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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