Gateway Gold Corp.
TSX : GTQ

Gateway Gold Corp.

November 01, 2005 09:30 ET

Gateway Gold Corp.: Expansion of Beadles Creek Zone

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 1, 2005) - Gateway Gold Corp. (the "Company") (TSX:GTQ) is pleased to announce the results from the most recent round of drilling on the Beadles Creek zone at the Big Springs gold project in Nevada. The results from this drilling have extended the shallow mineralization encountered during last year's drilling from the northeast end of the drill grid an additional 200 feet to the southwest. The deeper high-grade zone has been also extended an additional 150 feet to depth. "The Beadles Creek zone continues to meet our expectation that it will develop into a significant new mineralized zone," commented Michael D. McInnis, President of the Company.

The Beadles Creek zone is at the northeast end of a 7,000 foot long structural corridor that includes the South Sammy deposit and the 601 deposit. "Our staff are confident that we can continue to expand the known mineralized zones within this corridor and discover new ones along it that could lead to a long, mineralized corridor potentially amenable to low-cost surface mining," said Mr. McInnis.



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CORE
FROM TO INTERVAL GRADE GRADE
HOLE NO. (feet) (feet) (feet) (opt) (g/t)
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GW05-182C 77 93 16 0.068 2.33
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And 251 268 17 0.102 3.51
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GW05-189C 178 207 29 0.046 1.59
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And 346 363 17 0.112 3.85
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And 576 631 55 0.084 2.90
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Including 596 626 30 0.100 3.42
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GW05-191C 83 133 50 0.069 2.35
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GW05-200C 309 339 30 0.045 1.54
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Including 324 334 10 0.106 3.64
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And 410 490 80 0.104 3.56
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Including 470 485 15 0.294 10.07
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GW05-202C 441 546 105 0.083 2.86
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Including 456 487 31 0.147 5.04
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And Including 522.5 536.5 14 0.119 4.09
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GW05-203C 168 178 10 0.055 1.90
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And 203 220.5 17.5 0.073 2.50
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And 291.5 297 5.5 0.114 3.91
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And 445 540 95 0.104 3.57
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Including 475 500 25 0.253 8.69
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And 555 585 30 0.073 2.49
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GW05-207C 422 477 55 0.070 2.42
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Including 442 477 35 0.100 3.43
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And 682 717 35 0.073 2.49
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Including 702 717 15 0.117 4.02
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The intervals reported are drilled intervals and may not represent the true width. All samples are prepared and analyzed by ALS Chemex.

Drilling results from the 601/701 areas are under review and will be reported within 10 days.

ON BEHALF OF THE BOARD,

Michael D. McInnis, P. Eng., President and CEO

Dr. Giles Peatfield, P. Eng. is an Independent Qualified Person for GTQ and has reviewed and approved the contents of this release.

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