Choice Gold Corp.
CNSX : CHF
MUN : OCG

Choice Gold Corp.

February 01, 2012 09:00 ET

Choice Gold Corp. Prepares for Phase 1B Drilling at Sugarloaf Peak

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2012) - Choice Gold Corp. (CNSX:CHF)(MUN:OCG) ("Choice Gold" or the "Company") is pleased to announce that it has entered into an agreement for phase 1B of the drilling work to be completed at its Sugarloaf Peak Gold Project in southwestern Arizona. The reverse circulation drilling will be performed by Brown Drilling, an Arizona based contractor that has strong experience in the district and performed the previous phase of drilling work on the property. The drilling is expected to commence by mid-February.

The phase 1B drilling program will consist of approximately 15 RC holes of up to 100 metres in depth. Most of phase 1B is a follow up to the 2,012 metres of diamond drilling that was completed as phase 1A in 2011. All the holes drilled in 2011 returned anomalous values of gold over the first 100 metres and tested only a small portion of the broad altered and mineralized area defined by the mapping and sampling program at the surface. The goal of the present campaign will be to discover intervals of economical grades, confirm the controls for the mineralization, define the main gold mineralogical assemblage, and start defining a resource. Particular attention will be given to find the extension of the mineralization intersected in hole SGL-11-04 which returned 1.76 g/t Au over 9.91 meters (as per press release of October 6, 2011). The program will also verify some of the best reported grades intersected in historical holes in addition to testing other gold mineralized areas over the property. Choice Gold will continue this investigative work to advance the property towards a NI 43-101 compliant mineral resource.

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.

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