Z-Gold Exploration Inc.

Z-Gold Exploration Inc.

April 28, 2010 15:15 ET

Z-Gold Exploration Acquires Coda Property

ROUYN-NORANDA, CANADA--(Marketwire - April 28, 2010) - Z-Gold Exploration Inc. (TSX VENTURE:ZGG) is pleased to announce the acquisition of a 9 unit mineral claims package totaling 497.98 hectares located in the Monseignat Township in the Val-d'Or Mining Division, Province of Quebec.

Z-Gold Exploration Inc. will pay $40,000 and issue 800,000 shares at signature for an option to acquire a 100% interest in the Monseignat claims. The property is subject to a 1.5% NSR on the property from a former owner. This acquisition is subject to regulatory approval.

The Coda Property is crossed by a major regional fault. We note the presence of a diorite intrusive stock in contact with lapilli tuffs and tonalite intrusive dykes. The geological fault is traced by input anomalies. The geological setting is pretty similar to the Joutel-Poirier area. Massive sulphides are present on the property.

About Z-Gold Exploration Inc.

The head office of Z-Gold is located at 15, rue Gamble East, Suite 204, Rouyn-Noranda, QC, J9X 3B6. Z-Gold Exploration Inc. is exploring for gold and base metals in the Abitibi Greenstone Belt.

Z-Gold has as its flagship property the Abitibi Gold Property located in Munro Township in the famous Timmins mining camp. There are many surface gold showings that require investigation by ground geophysical surveys and followed up by a diamond drilling program. A recent airborne survey has successfully outlined many EM and magnetic structural features. A geophysical feature similar to the Croesus mine has been identified. The Abitibi Gold Property consists of five mining leases containing 85 claims (91 units) located approximately 86 kilometres east northeast of the city of Timmins in the Larder Lake Mining Division, Ontario.

Z-Gold Exploration Inc. is a publicly listed company trading on the TSX Venture (ZGG).

This press release was prepared by Z-Gold Exploration Inc. Neither the TSX Venture Exchange Inc nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release. 

This document may contain forward-looking statements relating to Z-Gold's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Z-Gold's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not placed on such forward-looking statements. Z-Gold disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

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