SOURCE: Ironwood Gold Corp.

Ironwood Gold Corp.

May 17, 2010 09:00 ET

Ironwood Gold's Exploration Program at Cobalt Canyon Project Completes Phase One

SCOTTSDALE, AZ--(Marketwire - May 17, 2010) -  Ironwood Gold Corp. (OTCBB: IROG) (the "Company") is pleased to announce that the Phase One gold mineralization survey of the Cobalt Canyon project located in the Chief Mining District of Nevada has been successfully completed.

The field team collected approximately 624 soil samples across a 50m X 100m grid area encompassing Ironwood's claims at the property over a six day period. The samples have been sent to the American Assay Laboratories office in Elko, NV where they will be processed and analyzed with results anticipated within a few weeks.

A recently updated N.I. 43-101 report prepared for Ironwood has indicated that Cobalt Canyon appears to have potential for 1.5 million ounces of gold -- and possibly considerably more -- as either an open-pit or underground target. Ironwood geologists therefore are now planning a ground geophysical survey as part of a mapping program that will focus on identifying alteration, lithology and structures in order to further define localized gold mineralization in order to best determine an appropriate production scenario.

As part of the overall assessment, Company geologists have studied data from the Delamar Mining District, about 30 km southwest of the project, which is analogous to the Chief District, with similar geology to the project area, and which has historically produced more than 660,000 ounces of gold and 1 million ounces of silver.

Company VP of Exploration, Dr. Howard Lahti, stated, "Now that work is progressing on the ground, we hope to accelerate our efforts in order to rapidly determine the true nature of our claims. As results are returned, the underlying image of what this resource holds becomes clearer, and aids immensely in directing the overall exploration program. We feel positive based on our preliminary findings, but look forward to the categorical scientific results of our ongoing efforts."

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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