FDG Mining Inc.

TSX VENTURE : FDG


FDG Mining Inc.

November 21, 2012 12:47 ET

F.D.G. Mining Inc.: Updated 43-101 Confirms 298% Increase in Gold Resource at Topacio Permitting Co-ordinator Appointed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2012) - F.D.G. Mining Inc. (TSX VENTURE:FDG) (the "Company") announces that it has received and filed on SEDAR a NI 43-101 compliant report documenting the resources on the Topacio property from NEW ERA Engineering Corporation, Randy Clarkson, P.Eng. author:

  • Inferred Mineral Resource of 2,716,176 tonnes grading 3.90 g/t gold, containing 340,345 ounces of gold.
  • Mineral resources are at shallow depth, within 150 metres from surface.
  • 124,000 ounces gold amenable to surface extraction.
  • Potential to add ounces quickly with short holes under mineralized trenches.
  • Resources quantified in only 7 of 25 known Auriferous veins.
  • Mineralization is open to depth and along strike on all veins.

The reported resource differs marginally from the resource reported by the company on October 2, 2012 (2,702,984 tonnes grading 3.97 g/t gold containing 344,664 ounces gold) to account for resources depleted by the artisanal mining operations since 2009 and a minor arithmetic discrepancy discovered during the audit.

William W. Dunn, P.Eng. has been appointed to co-ordinate the ongoing mine permitting process in Nicaragua which was started in August. Mr. Dunn has had previous experience in mine permitting as the Mine Manager and lead proponent in permitting Capstone Mining Corp.'s Minto Mine in the Yukon.

About F.D.G. Mining Inc. (www.fdgmining.com)

F.D.G. Mining Inc. is a Canadian junior mining company engaged in acquisition, exploration and development of precious metal properties in Nicaragua. The Company is currently focused on advancing its core property, the past-producing 9300 hectare Topacio gold concession to production. Topacio has an NI 43-101 compliant inferred resource of 2,716,176 tonnes grading 3.9 g/t gold in a similar geological setting to B2Gold's La Libertad and El Limon mines to the northwest. FDG trades on the TSX Venture Exchange under the symbol FDG.

On Behalf of the Board of Directors

David St. Clair Dunn, P. Geo., President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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