Bison Gold Resources Inc.
TSX VENTURE : BGE

Bison Gold Resources Inc.

August 30, 2012 16:30 ET

Bison Gold Resources Inc. Exploration Update: Drilling Intersects Near Surface Gold Mineralization: 29.38 Metres of 3.05 g/t Gold in Drill Hole OG-12-32.

TORONTO, ONTARIO--(Marketwire - Aug. 30, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to provide an update on results from the completed drilling program on the Ogama Structural Corridor from the company's Central Manitoba Property.

Bison previously released results from the first nineteen holes of this drilling program in press releases dated March 12th, April 3rd, April 30th and May 24, 2012. This release details results from the remaining drill holes on the program (OG-12-25 to OG-12-32). These eight holes targeted all known mineralized structures to date. Gold mineralization was intersected within each targeted zone and several new gold mineralized structures were identified.

Drill hole OG-12-34 targeted Ogama vein 4 near surface and cut 3.05 g/t Au over a drill core width of 29.38 metres (including 25.69 g/t Au over 2.96 metres) at a vertical depth of approximately 10 to 30 metres. "This intersection is significant in the fact that Ogama Vein #4 is present near surface with substantial grade and width," remarked David Benson, Qualified Person for Bison Gold.

Other significant intersections noted from the results herein were the intersections of the 420 zone in both drill holes OG-12-25 and OG-12-28. Both of these holes intersected the 420 zone at approximately 500 metres vertical depth and 50 metres away from one another. OG-12-25 cut 7.71 metres of 4.24 g/t gold; OG-12-28 cut 5.92 metres of 13.02 g/t gold. Drilling has identified that the 420 zone now extends a minimum 500 metres below surface; has a minimum strike length of 75 metres and the structure contains gold mineralization of substantial grade and width.

The remaining drill holes reported here each targeted multiple zones within the Ogama Structural Corridor extending east and west along strike from the Ogama mine workings. These remaining holes intersected the targeted horizons with minimum anticipated results as well as cutting additional anomalous zones not previously identified or reported adjacent to the targets. Please refer to the table below for drill intersections from drill holes OG-12-25 through OG-12-32.

HOLE From (m) To (m) Width (m) Au g/t Zone
OG-12-32 12.72 42.10 29.38 3.05 VEIN#4
including 19.04 22.00 2.96 25.69 VEIN#4
including 33.00 37.05 4.05 2.70 VEIN#4
OG-12-32 68.30 69.80 1.50 4.46 FW(NEW )
OG-12-31 153.20 161.30 8.10 0.53 VEIN#4
OG-12-30 312.91 313.50 0.59 1.67 VEIN#4
OG-12-29 203.45 204.00 0.55 8.02 Ondandago
OG-12-29 83.50 92.88 9.38 0.36 VEIN#4
OG-12-28 671.68 677.60 5.92 13.02 420 ZONE
including 673.00 674.50 1.50 49.79 420 ZONE
OG-12-28 509.00 513.50 4.50 2.05 FW(NEW )
OG-12-28 585.50 604.00 18.50 0.39 FW(NEW )
OG-12-28 15.10 20.00 4.90 3.52 HW2
OG-12-27 75.98 78.45 2.47 9.95 HW4(NEW )
OG-12-27 82.80 85.20 2.40 1.17 HW4(NEW )
OG-12-27 123.15 127.85 4.70 1.10 HW3
OG-12-27 239.33 244.00 4.67 0.50 HW2
OG-12-27 394.00 395.50 1.50 1.80 HW1
OG-12-27 594.00 595.00 1.00 1.33 VEIN#1
OG-12-27 614.25 615.50 1.25 1.56 VEIN#4
OG-12-26 151.33 152.09 0.76 1.90 HW3
OG-12-26 216.71 217.32 0.61 1.20 HW2
OG-12-26 267.87 271.90 4.03 1.66 HW1
OG-12-26 357.92 358.85 0.93 1.90 VEIN#1
OG-12-26 373.67 387.00 13.33 0.42 VEIN#4
OG-12-26 534.75 546.45 11.70 0.23 FW1
OG-12-26 564.40 565.40 1.00 1.63 FW2
OG-12-26 645.66 647.16 1.50 2.87 FW(NEW )
OG-12-25 38.37 38.66 0.29 1.63 HW3
OG-12-25 76.40 77.98 1.58 2.54 HW2
OG-12-25 196.86 204.43 7.57 0.44 HW1
OG-12-25 259.32 262.94 3.62 0.75 VEIN#1
OG-12-25 301.10 306.92 5.82 0.91 VEIN#4
OG-12-25 423.36 424.30 0.94 1.14 FW1
OG-12-25 486.20 488.32 2.12 0.48 FW2
OG-12-25 503.00 505.42 2.42 0.56 FW(NEW )
OG-12-25 614.34 615.64 1.30 0.68 FW(NEW )
OG-12-25 681.45 688.55 7.10 4.24 420 ZONE
including 683.63 685.84 2.21 13.28 420 ZONE
Width (m) is the length in drill core and does not represent true width of the mineralization. True width is estimated in all cases to be greater than 80% of drill core width.

Bison has now completed the drilling program. It consisted of 32 holes totalling 12,043 metres. The company is currently incorporating all the results in to the geological model for the Ogama Structural Corridor and a further drilling program is being planned.

QA/QC

Drill core was sawed, with half sent to TSL Labs in Saskatoon, SK and the other half retained for reference. Most gold analyses were done using 50g fire assay with AA finish. A gravimetric finish is employed where samples return gold values in excess of 3000 ppb. Screen metallics techniques were used on samples with visible gold. TSL maintains a strict quality control program with standards, blanks and duplicates included with every sample series. Standards and blanks are inserted regularly by Bison Gold personnel in to the sample series at their on-site core processing facility.

All exploration activities for Bison Gold are under the supervision and guidance of David C. Benson, P.Geo, and a Qualified Person under NI 43-101. Mr. Benson has reviewed the technical portions of this news release.

About Bison Gold

Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold exploration with property assets in Manitoba, Canada. The flagship property, Central Manitoba, is historically the 2nd largest gold producer in the prolific Rice Lake Greenstone Belt after San Gold Corp.'s Rice Lake Mining Operations. Further details can be found on Bison Gold's website at www.bisongold.com.

We seek safe harbour. This news release contains forward-looking statements regarding the timing and content of upcoming programs and may be subject to regulatory approval. Actual results may differ materially from those currently anticipated in such statements. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Bison undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

Neither the 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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