Cangold Limited
TSX VENTURE : CLD

Cangold Limited

June 04, 2007 15:12 ET

Cangold Strengthens Management Team

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 4, 2007) - CANGOLD LIMITED (TSX VENTURE:CLD) (the "Company") is pleased to announce the appointment of Kareen McKinnon to the position of Vice President, Corporate Development and Adrian Bray, P.Geo., as Exploration Manager.

Ms. McKinnon has a background in investment banking (with Nesbitt Burns) and has worked for a number of junior resource companies, including North American Gold and Robert Friedland's Diamond Fields Resources. Ms. McKinnon was most recently the Vice President, Corporate Development of White Knight Resources and Mansfield Minerals where she was responsible for raising the profile of the companies in the investment community, and was part of the team that facilitated the takeover of White Knight by Robert McEwen's US Gold.

Mr. Bray is a Professional Geologist with 21 years experience in exploration throughout the Americas and China. He holds a Certification in Quality Management and has set up QA/QC programs for numerous resource companies. Mr. Bray has strong technical and management skills, speaks four languages, including Spanish, and has been evaluating potential new gold and copper projects for Cangold in Mexico.

Cangold President, Robert Archer, stated, "We are extremely pleased to have Kareen and Adrian joining us as Cangold enters a new phase in its development. Adrian's extensive experience, in Mexico in particular, will be highly beneficial and Kareen's contacts and track record in the investment community will ensure that the Company achieves a high degree of visibility."

ON BEHALF OF THE BOARD

Robert A. Archer, P. Geo., President

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

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