Gateway Gold Corp.
TSX : GTQ

Gateway Gold Corp.

November 15, 2005 12:07 ET

Gateway Gold Corp.: Gold Discovered in Lower Plate Rocks at Golden Dome Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2005) - Gateway Gold Corp. (the "Company") (TSX:GTQ) is pleased to report that significant gold mineralization has been intersected in Lower Plate rocks in the second hole completed this year at the Golden Dome property in northeastern Nevada. A 25 foot section in Lower Plate rocks assayed 0.039 ounces of gold per ton ("opt"), including a 15 foot section grading 0.052 opt. "This is a landmark discovery at Golden Dome, considering that Lower Plate rocks were not known to exist there," commented M.D. McInnis, President of Gateway Gold. "Although the grades are modest, the discovery greatly enhances the potential of the Golden Dome property to host major Carlin-style gold deposits." Results include the following:



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HOLE NO. FROM TO CORE INTERVAL GRADE GRADE
(feet) (feet) (feet) (opt) (g/t)
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GD05-08C 1698 1703 5 0.017 0.588
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1703 1708 5 0.064 2.18
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1708 1713 5 0.028 0.949
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1713 1718 5 0.065 2.22
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1718 1723 5 0.023 0.781
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The Golden Dome property lies approximately halfway between the Company's Big Springs deposit and the Jerritt Canyon mines to the south. Geologic interpretation by the Company's geologists had postulated that Lower Plate rocks could exist at moderate depths beneath a gravel-covered area in the middle of the Golden Dome property. Lower Plate rocks are considered very important, as they host the mineralization at Jerritt Canyon and other major Carlin-style deposits.

Hole GD05-07C, the first hole drilled this year, was drilled to test a target where a high angle fault, anomalous in gold, arsenic and antimony, was projected to intersect Lower Plate rocks. The hole encountered Lower Plate rocks at a depth of 1,707 feet and continued in Lower Plate rocks until it was terminated at 2,752 feet. Although no significant gold values were reported from Lower Plate rocks encountered in this hole, three zones in Upper Plate rocks, each 15 feet long, returned strongly anomalous gold and arsenic values. These anomalous zones are thought to be high angle structures that may represent leakage from a gold zone at depth. Further drilling will be required to test the projected intersection of these structures where they transect the Lower Plate.

The third hole completed this year at Golden Dome (Hole GD05-06C), was collared approximately 2,380 feet from GD05-08C. This hole encountered Lower Plate rocks from a depth of 1,510 feet until it was terminated at 2,825 feet. Assay results have not been received and will be reported when available.

The intervals reported are drilled intervals and may not represent the true width. All samples are prepared and analyzed by ALS Chemex.

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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