SOURCE: Ironwood Gold Corp.

Ironwood Gold Corp.

September 13, 2010 09:00 ET

Ironwood Gold Updates Drill Test Efforts at Cobalt Canyon, Nevada

SCOTTSDALE, AZ--(Marketwire - September 13, 2010) -  Ironwood Gold Corp. (OTCBB: IROG) (the "Company") is pleased to provide details of recent events underway at its exploratory drill program at the Cobalt Canyon gold property in Nevada.

Ironwood Gold recently commenced exploratory drilling of a scheduled total of 1200 meters on the Cobalt Canyon property located in the Chief Mining District of Lincoln County, Nevada. The drill program consists of six initial drill holes at a number of previously identified, and in some instances historically productive locations known as the Gold Chief, Soa, Contact, Old Democrat, Advance and Gold Stake Mines all located within the property boundaries.

Efforts at the first drill test in the series known as drill hole DDH CC-10-02 have been temporarily halted due to a required equipment swap at a depth of 219 feet. Preliminary observations indicate intersections with several mineralized sections, some of which appear similar to the gold rich hematite breccia zones historically found in the Gold Chief Mine. The Gold Chief was the most productive mine in the area, with recorded production grade of about 1 ounce gold/ton.

The first mineralized zone extends from 158 to 172 feet and appears to show calcite replacement of siderite known to accompany gold mineralization. From 172 to 176 feet we find a hematite based mud (fault gouge) zone similar to that found in operations at the Gold Chief Mine. From 176 to 180 feet, samples indicated limonite-jarosite and hematite in the matrix material and it is believed that this zone could also offer gold mineralization.  

A second hematite rich gouge zone extends from 185.5 to 190.6 feet and is also consistent with historic production at Gold Chief. It is believed that there will be other hematite rich zones intersected at deeper depths until the mineralized limestone-quartzite contact is reached. Recent core samples have been transported to American Assay Laboratory in Nevada for further analysis.

Due to karst type voids found in the limestone formation the Company has elected to effect a change in methodology necessitating a swap in drill equipment, and as a result were fortunate and very pleased to acquire the services of highly experienced Drift Exploration Drilling, Inc. The company is a division of Orbit Garant Drilling and immediately assigned and shipped a recirculating drill rig to our property with a plan to commence operations this week. With almost 500 employees and 140 drills, Orbit Garant boasts an impressive list of top-tier and junior mining clients with ongoing operations across Canada, the United States, Mexico, Guyana and Suriname. It is expected that work at our six-hole program will steadily increase in pace as soon as the equipment is rigged and underway.

The Company is satisfied that the preliminary findings to-date are consistent so far with the wealth of historical data including the independently authored 2009 N.I. 43-101 compliant report which ventured the opinion that Cobalt Canyon appears to offer the potential for 1.5 million ounces of gold -- and possibly considerably more. Ultimately, the Company's efforts are aimed at validating the project's ability to support the establishment of a viable commercial mining operation by accurately assessing gold/silver tonnages and grades across the claims.

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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