Integra Gold Corp.
TSX VENTURE : ICG

Integra Gold Corp.

August 15, 2011 08:00 ET

Integra Gold Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2011) - Integra Gold Corp. (TSX VENTURE:ICG) (Integra or the "Company") is pleased to provide the following update and insight into what has taken place in 2011 and what is being planned for the early part of 2012.

Introduction

Management is moving Integra from its previous sole focus on exploration to preparing the groundwork necessary to move the Company into pre-feasibility and potential production. Integra has already begun this process and continues to implement geologically sound and fiscally responsible programs intended to achieve its goal quickly. Some of what has been achieved in 2011 and what is planned for the future is as follows:

Updated Mineral Resource Report

On June 27, 2011, Integra released the first of two NI 43-101 Technical Mineral Evaluation Reports planned for the Lamaque Property for 2011, prepared by Geologica Groupe-Conseil Inc. The Company was pleased to report:

2,114,742 metric tons average uncut grade of 5.67 g/t 385,656 ounces gold inferred
659,959 metric tons average uncut grade 4.80 g/t 101,794 ounces gold indicated

(See press release dated July 12, 2011 for more details)

The report included a four part recommendation summarized as follows:

  1. Add three additional mineralized zones to the resource calculation by year end, the Triangle, Mylamaque, and Sixteen zones.
  2. Expand other zone boundaries and work towards building the gold resources in both number and category in zones such as the Parallel, Forestel, and #4 Plug.
  3. Convert an estimated 104,000 historical ounces that are non-compliant to compliancy by way of additional confirmation drilling and assaying of the #6 Vein, and the Shaft #3 area comprising Veins 1, 5 & 7.
  4. Drill test other zones.

(More detailed information can be found on the Company website.)

2011 Drilling Updates and Highlights

To view a map of the location of the following zones within the property, click on the following link:
http://www.brmstatpack.com/lt/1005/1195/lamaque-gold-zones---marketwire

Parallel Zone: The Company is pleased to report that drilling on the Parallel Zone intersected 54.31 grams/tonne gold over 6 meters (reported January 13, 2011) will resume this Fall with the objective of adding to the resource calculation and enhancing the classification of resources.

Forestel Zone: Drilling on the Forestel Zone where drilling intersected 31.2 g/t gold over 1.4 meters and 19.4 g/t over 2.9 meters (reported February 8, 2011) will also resume this fall with the same objective of adding to the resource calculation and enhancing the classification of resources.

Sigma Zone: The Sigma Zone was the Company's new discovery in 2011 (reported March 3, 2011), intersecting 23 g/t gold over 1.43 meters. Additional work will take place on this zone later in 2012 as it does not share the same priority as other zones at this time.

Sixteen Zone: The Sixteen Zone which reported 12.6 g/t gold over 6.5 meters and 8.7 g/t over 4.4 meters within 25 meters (reported March 23, 2011) requires 2 additional holes to be completed after which all of the data will be compiled for the purposes of adding to the second resource calculation expected by year end. Drilling is expected to take place early this Fall.

Number 5 Plug: The results of drilling on the Number 5 Plug, where the Company intersected 14.7 g/t gold over 3.5 meters, (reported April 5, 2011) warrants that further drilling take place. Historic diamond drill results on the No. 5 plug include 222.86 g/t gold over 2.13 m, 80.54 g/t gold over .61 m, 35.08 g/t over 3.2 m and 36.21 g/t gold over 1.37 m. (not NI 43-101 compliant). The Number 5 plug is located 250 meters northeast of the Parallel Vein System and will be drilled in Phase 2 of our drill program.

Triangle Zone: The Triangle Zone drill program has been completed for 2011, and reported 36.55 g/t gold over 4.5 meters (reported April 26, 2011) and 23.3 g/t gold over 5.4 meters (reported July 12, 2011). The assay results are now being compiled and will form part of the second 2011 mineral resource update expected by year end. These results compliment past drilling on the zone reported July 29, 2010.

Mylamaque Zone: Drilling on the Mylamaque Zone has been completed for 2011 and assays are still forthcoming. A resource calculation is planned for the zone and will be included in the second update should no further drilling be required.

Vein #6: Drilling has begun on Vein #6 and has been designed to validate previous drilling with the objective of being able to compile results for preparation of a resource calculation in 2012.

Upcoming Exploration

No. 4 Plug: A large drill ordered in April 2011, is expected to arrive at the site by mid-December. This delay, caused by the scarcity of qualified drill crews, works to the Company's advantage as mobilization of the drill rig during the winter months is much less expensive in this region of the property. Planned drilling will consist of up to six deep holes testing the area below where mining by Teck took place. The #4 Plug reported 315,975 gold ounces (inferred), is open at depth and shares similar geological traits to the Main Plug which produced the majority of the 4.5 million ounces produced by the Lamaque Mine.

Other Zones: Drilling is ongoing with the priority being on those zones which will add to the Company's gold resource quickly. The expansion of the Forestel and Parallel zones and enhancement of resource categories will be accomplished by the comprehensive drill program planned for later this year. Again, for further details please refer to the June 2011 Mineral Resources Report posted on the Company's website.

VP Appointment

Mr. Peter Kendrick has joined the Integra team as Senior Vice President. Peter has over 25 years of experience in the mining industry in precious metals exploration and holds a BSc in Geophysical Engineering with a minor in Geology, and a MBA degree. He has worked at the senior management level for several junior mining exploration companies as well as Placer Dome; and has also served on the board of directors for several junior exploration companies.

CEO/President's Message

"I appreciate the comments from many of our investors who share our enthusiasm and positive expectation for the Lamaque Gold Project. The summary of work as outlined is a clear demonstration of the direction we are taking to increase gold resources and prepare for potential production. We are committed to directing the majority of our financial resources into the ground and believe that the Company is now able to implement a program that moves it towards pre-feasibility, quickly and efficiently. Our objective remains to be fiscally prudent and geologically sound as we build on the Company and shareholder value.

Adding resources this year from additional zones and also next year from the zones which are not yet compliant will continue to create value in the Company. We remain focused and dedicated to building an enthusiastic professional team and continuing to create a Company which all shareholders can be proud to be a part of." John de Jong, CEO & President.

LAMAQUE GOLD PROJECT

The Lamaque property is in the Val d'Or Gold Camp immediately adjacent to both the Sigma and Lamaque mines, which together have produced approximately 9 million ounces of gold. The current inferred gold resource at Lamaque property is 385,656 gold ounces (2,114,742 tons at average grade of 5.67 g/t gold - uncut) and 101,794 gold ounces (659,959 tons at an average grade of 4.80 g/t gold – uncut) according to Geologica Groupe-Conseil Inc. NI 43-101 Technical Report (June 23, 2011).

The Lamaque Gold Project's north-eastern boundary lies next to the producing Sigma Mine and pit which has produced 4.7 million ounces of gold from 1935 to the present and has reported significant gold resources and reserves with potential to add more as new modeling processes are implemented and new geological targets defined.

The Lamaque Property is located in the Val-d'Or gold camp in Quebec about 550 km northwest of Montréal, Quebec. The property consists of four (4) contiguous mining concessions and twenty (20) mining claims for a total of 1,459 hectares, owned 100% by Integra. None of the claims are within park, forest reserves or other areas that are restricted from exploration and mining.

ON BEHALF OF THE DIRECTORS

John de Jong, CEO & President

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