Gateway Gold Corp.
TSX : GTQ

Gateway Gold Corp.

January 12, 2006 13:53 ET

Gateway Gold Corp.: Widespread Gold Mineralization Found in Brien's Structure at Big Springs

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 12, 2006) - Gateway Gold Corp. (the "Company") (TSX:GTQ) is pleased to report the results of drilling carried out in November 2005 on its Big Springs gold property in northeastern Nevada. The holes were drilled within the Brien's structural corridor, which is believed to be one of the main conduits for gold mineralization in the district. The Company's interest in the structure resulted from Hole GW04-55c, which intersected 124 feet grading 0.222 ounces per ton (opt) gold (7.54 g/t) in 2004.

During 2005, thirty-eight holes were drilled by the Company to test the structure. Twenty-six of these holes intersected significant gold values which range from 0.031 opt (1.07 g/t) to 0.201 opt (6.88 g/t) over core intervals ranging from 20 feet to 150 feet. Highlights of the drilling include Hole GW05-234, which returned 135 feet grading 0.103 opt (3.5 g/t) and GW05-231, which returned 130 feet grading 0.084 opt (2.88 g/t). Sixteen of the more significant holes are reported in the table below. A table listing the results from all holes can be found on the Company's website at www.gatewaygold.com. For completeness, holes drilled in the corridor by the Company in 2004 and holes drilled by a former operator (SC, WC, WWC and SQ holes) are reported as well.

The northerly trending structural zone is up to 100 feet wide and is at least 3,500 feet long. Three former open pit mines are located on the structure. The South Sammy pit is positioned on the southern part of the zone, the 701 pit is in the middle of the zone and the 401 is at the northerly end. The zone is characterized by significant intervals of high-grade gold values within long intervals of lower grade gold mineralization.

"It's apparent that the Brien's structure is gold-bearing throughout its length," commented M.D. McInnis, President of Gateway. "It provides excellent potential to help build the gold resource on the Big Springs property."



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CORE
HOLE NO. FROM TO INTERVAL GRADE GRADE
(feet) (feet) (feet) (opt) (g/t)
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GW05-226 63 83 20 0.034 1.178
And 98 118 20 0.046 1.579
And 128 203 75 0.053 1.806
Including 138 158 20 0.086 2.946
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GW05-230 23 53 30 0.048 1.645
And 63 73 10 0.078 2.680
And 93 163 70 0.049 1.687
And 183 223 40 0.040 1.368
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GW05-231 73 203 130 0.084 2.883
Including 108 163 55 0.117 4.015
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GW05-234 79 214 135 0.103 3.533
Including 154 174 20 0.201 6.880
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GW05-236 0 48 48 0.057 1.956
And 158 183 25 0.060 2.059
And 323 353 30 0.137 4.711
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GW05-237 113 143 30 0.125 4.293
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GW05-238 98 123 25 0.138 4.720
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GW05-245 93 243 150 0.040 1.367
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GW05-247 88 273 185 0.034 1.152
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WC-11 245 670 425 0.041 1.406
Including 250 465 215 0.053 1.817
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SC-1267 375 565 190 0.105 3.600
Including 430 565 135 0.136 4.663
And Including 440 465 25 0.290 9.943
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WCC-8 514 554 40 0.219 7.509
Including 519 536 17 0.349 11.966
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SC-1174C 326 439.5 113.5 0.057 1.954
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GW04-103C 118 238 120 0.056 1.920
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SC-296 125 285 160 0.045 1.543
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SC-674 350 380 30 0.191 6.549
Including 350 370 20 0.252 8.640
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SQ-20 365 455 90 0.154 5.280
Including 385 410 25 0.346 11.863
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WCC-26A 186 217 31 0.255 8.743
Including 197 217 20 0.368 12.617
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SC-985 30 200 170 0.081 2.777
Including 30 45 15 0.560 19.200
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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.

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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