Cangold Limited
TSX VENTURE : CLD

Cangold Limited

August 28, 2007 13:51 ET

Cangold's Funds Are Safe

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2007) - Cangold Limited (TSX VENTURE:CLD) (the "Company") confirms that the Company has no exposure to asset-backed commercial paper.

Cangold's cash and cash equivalents are deposited with a major accredited Canadian Chartered Bank.

ON BEHALF OF THE BOARD

Kaare Foy, Executive Chairman & CFO

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

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