Adventure Gold Inc.

Adventure Gold Inc.

January 30, 2008 08:30 ET

Adventure Gold Signs Agreement to Acquire the Meunier-144 Property Adjacent to the Timmins West Gold Deposit, Ontario

MONTREAL, QUEBEC--(Marketwire - Jan. 30, 2008) - Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company"), a junior mining exploration company with strategic properties in the Val d'Or region of Quebec, announces the signing of an agreement with a group of prospectors (hereinafter collectively referred to as the "Optionors") for the option to acquire a 100% interest in the Meunier-144 gold property (the "Property") located 19 kilometres west of Timmins, Ontario. This Property (please see figure at is strategically adjacent to the Timmins West Gold property and located 1 kilometre west of the deposit where in 2007, Lake Shore Gold Corp. announced a gold mineral resource of 1.29 million ounces at 12.3 g/t Au (uncut) in the indicated category.

"We are very enthusiastic about this new acquisition in the Timmins Gold Camp" stated Marco Gagnon, President of Adventure Gold. "We believe the Meunier-144 Property has a very strong potential for the discovery of a new gold-rich orebody in the short term. Exploration work, including diamond drilling, will be carried out on the Property within a year" added Mr. Gagnon.

The Property

The Property consists of 10 mining claims totalling 161 hectares and is located in an easily workable area in the western portion of the highly productive Timmins mining camp which has produced more than 70 million ounces of gold over the past 100 years.

At the regional and local scale, the geological situation of the Property appears very favourable for the identification of new high-grade gold-bearing structures associated with the major Destor-Porcupine Gold Trend. The Property has been inactive since 1997 with little exploration work conducted in prior years.

The details of the agreement

- In order to exercise the Option and acquire a 100% interest in the Property, Adventure Gold shall pay a total sum of C$100,000; issue a total of 1 million treasury common shares and incur exploration expenses for a total of C$2 million over a period of 5 years.

- Adventure Gold will grant a 2.5% Net Smelter Return ("NSR") to the Optionors. The Company has the right to buy back at any time 1% of the NSR for C$2 million.

The agreement is subject to the approval of the TSX Venture Exchange and the execution of a formal option agreement. The securities to be issued to the Optionors will be subject to a four (4) month hold period from their date of issuance.

Adventure Gold is an emerging junior mining exploration company with a property portfolio in the historic gold producing Val d'Or region of Quebec. The Company's strategic Beaufor West property is adjacent to the Beaufor Mine, a producing gold mine jointly operated by Richmont Mines (TSX:RIC) & Louvem Mines (TSX VENTURE:LOV).

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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