Aranka Gold Inc.
TSX VENTURE : ARK

Aranka Gold Inc.

October 17, 2006 10:14 ET

Aranka Gold Announces Increased Cash Position of $4,800,000 CDN Due to Warrant Exercises

TORONTO, ONTARIO--(CCNMatthews - Oct. 17, 2006) - Aranka Gold Inc. ("Aranka") (TSX VENTURE:ARK) wishes to announce that it has received gross proceeds of $2,288,349 from the exercise of warrants. With the addition of proceeds from the warrant exercises, the Company currently has a cash position of $4,800,000 and no debt.

Additionally the Company announces that Edward J. Badida has resigned as Director and has been appointed CFO of the Company, and further that Brent Peters has resigned as CFO and has been appointed as a Director of the Company.

About Aranka Gold Inc.:

Aranka is a junior exploration company focusing on early stage gold exploration in the Guiana Shield. Aranka also holds significant silver assets, including the former Langis Silver Mine in the Cobalt camp, Ontario, Canada.

Additional information is available at www.sedar.com.

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

Contact Information

  • Aranka Gold Inc.
    John Patrick Sheridan
    President and Chief Executive Officer
    (416) 628-5936
    (416) 628-5935 (FAX)
    Email: psheridan@guygold.com