Cangold Limited
TSX VENTURE : CLD

Cangold Limited

February 22, 2008 11:48 ET

Cangold Appoints Malcolm Burne to Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2008) - CANGOLD LIMITED (TSX VENTURE:CLD) (the "Company") is pleased to announce the appointment of Malcolm Alec Burne to its board of Directors.

Mr. Burne is currently Chairman of Jubilee Platinum PLC, and a director of Mano River Resources Inc., Golden Prospect Precious Metals Limited, Commodity Watch PLC (Minesite) and Great Panther Resources Limited.

Initially a stockbroker in the City of London, he became Investment Editor for the Financial Times newspaper, and has held many board positions in Australian, British and North American public companies, including Ambrian Capital PLC (formerly Golden Prospect PLC) in the UK and the Australian Bullion Company.

"Malcolm's wealth of experience and track record of business successes makes him a most welcome addition to the Cangold team," said Bob Archer, President & CEO of Cangold. "As we develop such exploration projects as Los Venados and Plomo, which recently announced sample grades of up to 298 g/t Au, (news release January 24, 2008) his input will prove invaluable."

ON BEHALF OF THE BOARD

Kaare G. Foy: Executive Chairman

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

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