Auriga Gold Corp.

Auriga Gold Corp.

January 26, 2012 08:28 ET

Auriga Gold Appoints General Manager for the Maverick Gold Project, Manitoba

TORONTO, ONTARIO--(Marketwire - Jan. 26, 2012) - Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") reports the appointment of Mike Kernick as General Manager of the Maverick Gold Project. Maverick Gold is located 65 km northeast of Flin Flon, Manitoba and includes the past-producing Puffy Lake Mine and on-site mill and the adjacent Nokomis deposit covering a total of 6,640 hectares (66.4 km2).

Mr. Kernick will be responsible for the planned mining and milling operations at the Maverick Gold Project. Specifically, his experience with various Timmins area mines will be readily applicable to the development of the open pit and redevelopment of the underground mine at the Puffy Lake Property. Mr. Kernick has over 20 years of experience in underground and open pit mining operations, particularly in narrow vein gold mining. Mr. Kernick comes to Auriga from the Lake Shore Gold's Bell Creek Mine as Mine Superintendent, Underground Superintendent at Trelawney's Chester Mine and prior to that, Mine Manager at Liberty Mine's Redstone Mine.

Richard Sutcliffe, President and CEO, commented, "We are fortunate to have Mike join Auriga as General Manager to advance the Maverick Gold Project to gold production. His experience with narrow vein gold mining in the Timmins camp is particularly well-suited to the Puffy-style mineralization and I look forward to working together with Mike to build project into a successful and profitable mining operation."

As part of his compensation package and subject to regulatory approval, Mr. Kernick will receive 200,000 options at $0.40 valid for a five-year term.

About Auriga Gold

Auriga Gold Corp. is a Canadian mine development and exploration company focused on developing the Puffy Lake Mine, and expanding gold resources on its Puffy Lake and Nokomis deposits (the "Maverick Gold Project"). The Company plans to upgrade and expand the resources at the Maverick Gold Project, initiate test mining, complete feasibility studies of mineral reserves, and bring the Puffy Lake Mine back into production. The Puffy Lake Mine includes a 1,000 tpd flotation mill, a developed underground ramp to 135 metres depth, is fully road accessible and close to existing mining infrastructure. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba.

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. This press release is not and is not to be construed as an offer to buy or sell securities in the United States.

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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