Garson Gold Corp.

Garson Gold Corp.

November 30, 2007 17:09 ET

Garson Gold Announces $6 Million Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2007) - GARSON GOLD CORP. (TSX VENTURE:GG) ("Garson Gold") ("the Company") reports that it has engaged Bolder Investment Partners Ltd., First Canadian Capital Markets Ltd., and Wellington West Capital Inc. to act as Agents for an Offering of Non-Flow Through Units ("Units") and Flow-Through Shares by way of brokered private placement for gross proceeds of up to $6,072,000. The Offering will be for up to 15,600,000 Units priced at $0.26 per Unit, each Unit consisting of one share and one-half a share purchase warrant, each whole warrant exercisable for one common share at $0.35 for a period of two years from closing. Additionally, the Offering will consist of up to 6,300,000 Flow-Through Shares priced at $0.32 per Share. The Agents will receive 7.5% cash compensation, and 10% Agent's warrants based on the total Units and Flow-Through Shares placed, each warrant exercisable at $0.35 for two years. The Private Placement is subject to regulatory approval and all securities issued will have hold periods of four months.

Proceeds from the private placement will be used for financing continued exploration of the New Britannia Mine property based in Snow Lake, Manitoba and for general working capital.


Garson Gold holds a 100% interest in The New Britannia Mine (NBM) Project which covers approximately 3,900 hectares and hosts the historic New Britannia Gold Mine which operated from 1949 to 1958 and again from 1995 to 2004 and produced approximately 1.43 million ounces of gold. The current resource estimate at the NBM property audited by Micon International Ltd. to NI 43-101 standards is available for viewing on Sedar ( and

On Behalf of the Board,

David G. Tafel, President and Director

This news release may contain forward looking statements concerning future operations of Garson Gold Corp. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

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

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