SOURCE: Ironwood Gold Corp.

Ironwood Gold Corp.

December 08, 2010 08:30 ET

Ironwood Gold Commences Staking New Claim Opportunities in Prolific Carlin Trend

SCOTTSDALE, AZ--(Marketwire - December 8, 2010) - Ironwood Gold Corp. (OTCBB: IROG) (the "Company") is pleased to announce that as part of its ongoing efforts in Nevada, the Company has commenced staking new mineral claims at the north end of the Carlin Trend, an area generally acknowledged as one of the most prolific gold mineralized regions in the world.

The decision to stake additional claims in the area comes as result of very encouraging exploration results recently undertaken by Ironwood. A minimum of 100 new claims will be staked and named the "Redwood claims" in what is considered to be very prospective ground for Carlin Type gold-silver mineralization. The Redwood claims are anticipated to encompass approximately 120 contiguous acres in the area. The staking program is planned for completion prior to mid-December.

The new claims target both open pit and underground mining scenarios. Work in this location comes as a result of recent additional efforts that provided positive rock chip samples including underground samples from an adit within the Falcon mine. Located near recently explored claim blocks where a Mobile Metal Ion survey (MMI) identified a strong 1.6km long gold-arsenic anomaly, the new claim block is adjacent to the Falcon Mine and it would come as no surprise to find some of the mineralized structure extending into the new claims.

Newmont, Barrick and other companies have located and are mining gold deposits with at least 1-5 million ounces of gold in the Carlin Trend. The Goldstrike mine (Barrick) indicated 17 million ounces of gold reserves in 2005. Newmont has reserves of over 33 million ounces and is the largest land owner in the trend. Over 50 million ounces of gold has been mined already and it is estimated that the trend has the potential to produce 200 million ounces.

The proposed new claims encompass a geographical, geological and structural setting with indications of gold that have the capability to host a similar 1-5 million ounce deposit with the potential of even greater than 5 million ounces. This is characterized by the Jerritt Canyon gold deposit (10-25 million ounces) owned by Yukon Nevada Gold due east of Ironwood's proposed claim block property and the Anglo Gold Property (2-5 million ounces) located just to the north of Jerritt Canyon.

Dr. Howard Lahti, Ironwood's VP of Exploration, comments, "We are very pleased with the outstanding information being developed by our ongoing field efforts. The data is developing into an excellent overall resource map of the underlying regional geology and presents new opportunities for exploration. We have combined tried and true prospecting methods alongside cutting edge technology and the results are steering us towards an increasingly encouraging outcome. When you consider the economic backdrop that has delivered record breaking gold prices since we first began our operations, especially against recent analyst predictions of prices heading for over $2,000/oz within the next three years, we have every reason to increase our pace of operations as we drive towards new levels of growth and success for Ironwood Gold."

Additional details regarding the Company and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.ironwoodgold.com.

ABOUT IRONWOOD GOLD CORP. (OTCBB: IROG)
Ironwood Gold Corp. is a mineral exploration and development company building a portfolio of prospective properties containing known deposits of strategic precious metals in politically stable, mining-friendly North American districts with recognized production histories.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD

Ironwood Gold Corp.
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Behzad Shayanfar, CEO

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