Choice Gold Corp.
CNSX : CHF

Choice Gold Corp.

July 28, 2011 09:00 ET

Choice Gold Corp. Expands Drilling at Sugarloaf Peak to 24 Hours per Day

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2011) - Choice Gold Corp. (CNSX:CHF) ("Choice Gold" or the "Company") is pleased to announce that the drilling program now underway on its Sugarloaf Peak Gold Project in western Arizona ("Sugarloaf Peak" or the "Property") has been expanded to 24 hours per day. This aggressive schedule has been undertaken in order to allow the Company to continue to expeditiously achieve milestones at the Property.

"I am pleased to see our team continuing to execute on our commitment to rapidly advance the first phase work program at Sugarloaf Peak," said Gianni Kovacevic, Choice Gold's CEO. "We're eager to investigate the potential for the Property to grow beyond what the historical, non-NI 43-101 compliant resource calculation had estimated. The first 5,000 meters currently being drilled will test extensions to the historically known mineralized zone both peripherally and at depths of up to 500 meters. As there is only very limited log core data to date beyond 80 meters from surface, where previous drill holes ended in mineralization, we are particularly eager to assess the results at depths between 80 and 500 meters."

The Company also announces that is has granted incentive stock options to a consultant to purchase up to an aggregate total of 50,000 common shares at a price of $0.26 per share. The stock options will vest in four equal tranches at three, six, nine, and 12 months from the date of grant and will be fully vested at such time. The stock options expire five years from the date of the grant.

About Choice Gold Corp.:

Choice Gold Corp. was created to acquire and advance select, high-potential mineral projects and thereby unlock shareholder value. With this goal in mind, the company has entered an option agreement with Riverside Resources Ltd. (TSX VENTURE:RRI) to acquire a 100% interest in the Sugarloaf Peak Gold Project just west of Quartzsite, Arizona. Sugarloaf Peak covers over 24 km² and was the subject of intermittent drilling and small-scale mining from the 1950s through to the 1990s. The project is the subject of an historical, non-National Instrument 43-101 compliant mineral resource and Choice Gold has a mandate to prove its economic viability. For more information about Choice Gold please visit our website at www.choicegoldcorp.com.

Certain statements contained in this release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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