Victoria Gold Corp.
TSX VENTURE : VIT

Victoria Gold Corp.
Gateway Gold Corp.
TSX : GTQ

Gateway Gold Corp.

September 23, 2008 14:48 ET

Victoria and Gateway to Complete Definitive Agreement for Victoria's Acquisition of Gateway by September 30, 2008

TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2008) - Victoria Gold Corp. (TSX VENTURE:VIT)("Victoria") and Gateway Gold Corp. (TSX:GTQ)("Gateway") announced today that they have extended the deadline for the execution of a definitive agreement (the "Definitive Agreement") in connection with the proposed acquisition by Victoria of all of the outstanding common shares of Gateway (the "Transaction"). The execution of the letter Agreement (the "Letter Agreement") in respect of the Transaction was announced in press releases of Victoria and Gateway each dated August 19, 2008. In order to satisfy all of the legal and regulatory requirements associated with the agreement, Victoria and Gateway have mutually agreed to a brief extension of the deadline for the execution of the Definitive Agreement to September 30, 2008. All other terms set out in the Letter Agreement and described in the press releases dated August 19, 2008 remain unchanged. Victoria and Gateway remain committed to completing the Transaction and the process is on track and on budget for a timely closing.

Contact Information

  • Victoria Gold Corp
    Chad Williams
    President & CEO
    (416) 866-8800 ext 230
    Email: cwilliams@victoriaus.com
    or
    Victoria Gold Corp
    Linda Dorrington
    Director Public & Investor Relations
    (416) 866-8800 ext 226
    Email: ldorrington@victoriaus.com
    or
    Gateway Gold Corp.
    Michael D. McInnis
    President
    (604) 902-6040
    or
    Gateway Gold Corp.
    Raju Wani
    Investor Relations
    (403) 240-0555
    or
    Gateway Gold Corp.
    Ron Cooper
    Investor Relations
    (604) 986-0112
    Website: www.gatewaygold.com