Adventure Gold Inc.

Adventure Gold Inc.

March 13, 2012 08:30 ET

Adventure Gold Acquires New Lands Along the Detour Gold Trend in the Abitibi Area, Quebec

MONTREAL, QUEBEC--(Marketwire - March 13, 2012) - Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company") is pleased to announce the signing of two agreements for the acquisition of a 100% interest in 66 claims adjacent to the Company's Massicotte property (the "Property") located along the Detour Gold Trend. The Property (see figures 1 and 2) is situated 15 kilometres east-southeast of the Detour Lake gold deposit (43-101 proven and probable reserves of 15.6M ounces of gold, from a global measured and indicated resources of 23.3M ounces and inferred resources of 5.8M ounces : Detour Gold Corporation, Press release January 25, 2012). A geophysical survey is already planned for the Massicotte property and is slated to start soon.

"Since 2008, following an extensive geological compilation, the Company has acquired strategic land positions at low cost along the Detour Gold Trend. We believe that the Massicotte property represents a very potential ground for the identification of new gold-bearing structures as indicated by the presence of untested up-ice gold anomalies in glacial sediments on the property and positive historical drill results in the Property proximal lateral extensions." stated Marco Gagnon, President and CEO of Adventure Gold Inc.

Massicotte Property

The addition of the new claims brings the Massicotte property, to a total of 72 mining claims covering a surface of 3,370 hectares. The Property, located 130 kilometres North of La Sarre is accessible by gravel and winter forestry road. At least two proven gold structures were outlined on the Property, namely the Massicotte and the Lower Detour-Grasset deformation zone that are present over a strike length of 6 kilometres. The Company's geological compilation of historical work also outlined the presence of significant gold anomalies in glacial sediments that were intersected by reverse circulation drilling (see figures 2). In 1988, 14 RC holes were drilled on the Property or close to its western boundaries, 7 of which returned positives gold results grading from 0.5 g/t Au to 5.2 g/t Au. For more information on the Property, please visit our website at and see the figures 1 and 2 available at:


Under the terms of the first agreement, the Company has acquire a 100% interest in 45 claims from Globex Mining Enterprises Inc. ("Globex") by paying a lump sum payments of 25,000$ and granting a 2.5% Gross Metal Royalty (GMR) on the claims. The Company shall have the right to purchase 1.5% of the GMR at any time by paying 1,500,000$. In addition, the Company agreed to transfer 100% of its right on the Realore property (11 claims) located 50 kilometres East of Val d 'Or. The Company will retains 2% GMR on the Realore claims and Globex shall have the right to purchase 1.0% of the GMR at any time by paying 500,000$. Under the terms of the second agreement, the Company has acquired a 100% interest in 21 additional claims from independent prospectors by paying a lump sum payments of 4,500$.

Jules Riopel, P.Geo., Vice-President Exploration and Acquisitions, acting as the Company's "Qualified Person" as defined by NI 43-101, has reviewed this press release.


Adventure Gold Inc. is a mineral exploration company focused on discovering high-quality gold deposits in the Abitibi Greenstone Belt located in northwestern Quebec and northeastern Ontario - one of the richest gold deposit areas in the world. Adventure Gold holds quality assets in the Val-d'Or, Rouyn-Noranda and Timmins areas and is led by determined management and technical teams with extensive exploration and mine production experience. Adventure Gold is proud to count on highly regarded partners such as Agnico-Eagle Mines Limited and Lake Shore Gold Corp. to explore its advanced-stage gold properties.

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The foregoing information may contain forward-looking statements and events relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate regulatory authorities. We seek safe harbour.

Neither 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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