Adventure Gold Inc.
TSX VENTURE : AGE

Adventure Gold Inc.

October 11, 2011 08:30 ET

Adventure Gold and Mazorro Resources Begin 4,000 Metres Phase 2 Drill Program on Lapaska Property, Val d'Or East Area, Quebec

MONTREAL, QUEBEC--(Marketwire - Oct. 11, 2011) - Adventure Gold (TSX VENTURE:AGE) ("AGE", the "Company") and Mazorro Resources Inc. (TSX VENTURE:MZO)(FRANKFURT:JAM) ("MZO") are pleased to announce the start of a second phase surface diamond drilling program on the Lapaska Gold Property (the "Property") located in the prolific Abitibi Greenstone Belt, 20 km east of Val d'Or, Quebec. The Property, totaling 352 hectares, is wholly-owned by AGE and under option to MZO (see agreement in press release dated December 15, 2010). The second phase drill program, totaling approximately 4,000 metres in ten (10) holes, is designed to test the extensions of the Lapaska Central Zone ("LC Zone") laterally and to the North, the West Zone and several new targets. Results of the first phase drill program on the LC Zone were released last June and July. Highlights included: 1.0 g/t Au over 103.4 metres including 10.3 g/t Au over 3.8 metres (hole LP-11-16) and 1.2 g/t Au over 156.9 metres including 5.8 g/t Au over 3.9 metres and 4.7 g/t Au over 7.1 metres (hole LP-11-17).

The second phase drill program is designed to test east-west and north-south extensions of the LC Zone open laterally and at depth. Additional sub parallel ore shoots and veins that could be repeated close to the LC Zone near the surface will also be drilled. More particularly, magnetic signatures similar to the LC Zone that were observed in a radius of 700 metres will be tested.

The Lapaska Property

The Property is favourably located between the past producing gold deposit Sigma II to the east (161,300 ounces at 2.7 g/t Au: MRNF - SIGEOM Database) which was operated by open pit method and the Simkar gold deposit to the west (NI 43-101 inferred resource of 105,000 oz at 5.3 g/t Au: Megastar – MDV: TSX-V, September 2008). The Property contains three significant gold-bearing zones: the Lapaska Central, West and Lourmet zones and is also strategically located along the prolific Cadillac Larder Lake Gold Break, a regionally extensive structure that is spatially related to numerous gold mines.

An NI 43-101 compliant resource estimate has been completed by Innovexplo, (March 9, 2011) on the Lapaska Central Zone. The table below shows the variations with respect to metric tonnes, ounces and grades for various cut-off grades with respect to the Inferred Resources of the Lapaska Central Zone deposit.

Table 1: Inferred Mineral Resource of Lapaska Central Zone

Cut-off Grade g/t Au Tonnes Avg. Grade g/t Au Ounces of Gold
0.5 2,143,702 1.15 79,324
1.0 864,563 1.81 50,396
2.0 219,590 3.14 22,197
Note: Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

Mr. Jules Riopel, Vice-President Exploration and Acquisitions of Adventure Gold, is acting as qualified person (as defined by NI 43-101) and has reviewed and approved the scientific and technical information in this press release.

Profile

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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