Auriga Gold Corp.
TSX VENTURE : AIA

Auriga Gold Corp.

April 05, 2011 09:06 ET

Auriga Gold Increases Property Position and Targets Extensive Gold Mineralization Potential at Maverick Gold Project, Manitoba

TORONTO, ONTARIO--(Marketwire - April 5, 2011) - Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") is pleased to announce that the Company has staked 12 claims for a total of 2,640 hectares contiguous with the Maverick Gold Project. The claims were acquired to target the highly prospective horizon that hosts several gold occurrences including the Company's past-producing Puffy Lake Mine and Nokomis deposit. Auriga Gold's increased property position now covers over 20 kms of strike length of the gold-bearing horizon. The Maverick Gold Project, located 65 km northeast of Flin Flon, Manitoba, now comprises a total of 6,640 hectares.

Richard Sutcliffe, Auriga Gold's President and CEO commented, "These additional staked claims were acquired to cover the gold bearing trend that is clearly evident on a high-resolution airborne magnetic survey flown on the property in 2006. The airborne magnetic survey shows a distinct unit of magnetic rocks that host and is continuous between the Puffy Lake and Nokomis deposits. This gold formation extends well beyond our deposits to the northeast and southwest, and the main sections are now covered by our enlarged property package."

Auriga Gold plans to carry out an expanded exploration program at the Maverick Gold Project including prospecting, geological mapping, further geophysics, and diamond drilling beginning in June 2011. This program will be conducted in parallel with the ongoing drilling program to expand and upgrade the gold resources at the Puffy Lake Mine property. A map of the 2006 airborne magnetic survey showing the Company's expanded property position relative to the highly prospective gold-bearing horizon that hosts the Puffy Lake deposit, Nokomis deposit and other gold occurrences is available on the Company's website at www.aurigagold.ca/s/maverickgold.asp.

About Auriga Gold

Auriga Gold Corp. is a Canadian mine development and exploration company with an experienced team focused on expanding gold resources and developing the combined Puffy Lake and Nokomis properties (the "Maverick Gold Project"). The Company plans to upgrade and expand the historic resources at the Maverick Gold Project 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 130 metres depth, is road accessible and close to existing mining infrastructure. In 1993, Kilborn Engineering Pacific Ltd. estimated that the property contained probable resources of 1,346,200 tonnes of mineralization @ 8.57 g/t Au and possible resources of 833,700 tonnes @ 7.15 g/t Au. The resource was estimated as part of a 1993 feasibility study prepared for Pioneer Metals and uses a cut-off grade of 3.5 g/t Au and a minimum mining width of 1.2 metres. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba.

NI 43-101: A qualified person has not done sufficient work to verify the historical resource estimates at Puffy Lake and Nokomis. These historic estimates predate NI 43-101, are not compliant with current definitions, have not been verified by the company and consequently should not be relied on by investors. The historical estimates are provided as an indication of historically reported estimates.

Qualified Person

The Company's Qualified Person ("QP") for the drill program at the Maverick Gold Project is Bruce Mackie, P.Geo. As QP, Mr. Mackie has prepared or supervised the preparation of the scientific or technical information for the property and has verified the data disclosed in this press release.

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.

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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