Linear Gold Corp.

Linear Gold Corp.

March 18, 2005 10:57 ET

Linear Gold Corp.: Ampliacion Pueblo Viejo Project Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: LINEAR GOLD CORP.

TSX SYMBOL: LRR

MARCH 18, 2005 - 10:57 ET

Linear Gold Corp.: Ampliacion Pueblo Viejo Project
Update

HALIFAX, NOVA SCOTIA--(CCNMatthews - March 18, 2005) - Linear Gold Corp.
(TSX:LRR) is pleased to announce that it has reacquired its 100%
interest in the Ampliacion Pueblo Viejo property, in the Dominican
Republic, following the notice of termination by Placer Dome (ERA) Ltd.
("Placer") of its earn-in agreement on the subject property. Based on
the drilling results described below, Linear rejected a proposal from
Placer to restructure the terms of the earn-in agreement, and as a
result, Placer terminated the earn-in agreement.

Pursuant to the earn-in agreement, a six-hole, 1800 metre drill program
was carried out during the fourth quarter of calendar 2004 in the Loma
La Cuaba, La Cuaba Oeste, and Silica Ridge areas immediately west of the
boundary with the Pueblo Viejo mining lease. None of the holes
encountered significant mineralization. The program tested induced
polarization ("IP") anomalies, associated with elevated gold values from
soil and rock samples at surface. The areas tested represent
approximately 20% of the property of the Ampliacion Pueblo Viejo mineral
concession.

Linear is planning to undertake a significant exploration and drilling
program during 2005 on the property. A 2000 metre drill program will be
carried out this year to test the La Lechoza target, located to the
north of the Pueblo Viejo mining lease and 6.5 kilometres to the
northeast of the Loma La Cuaba targets.

Previous work by the government mining company, Rosario Dominicana, at
La Lechoza identified oxide gold mineralization from a program of
shallow drilling, including 12 metres at 12.3 grams per tonne gold and
8.0 metres at 11.0 grams per tonne gold. Follow-up work at La Lechoza by
MIM Exploration identified coincident soil gold and induced polarization
chargeability anomalies associated with the surface mineralization, as
well as a trench containing 154 metres at 1.6 grams per tonne gold and
drill holes containing 10.5 metres at 3.4 grams per tonne gold and 16
metres at 2.9% copper. The La Lechoza area received no follow-up work
during the Placer earn-in period.

Linear Gold Corp. is actively exploring for gold and base metals in
Mexico, Canada and the Dominican Republic. Linear is well funded with
cash resources in excess of $29 million and no debt.

Wade K. Dawe, President

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Linear Gold Corp.
    Wade K. Dawe
    President
    (902) 422-1421 or Toll Free: 1-866-546-3272
    (902) 491-4281 (FAX)
    www.lineargoldcorp.com
    or
    Fuller Fletcher & Associates Ltd.
    Nick Fuller or Samantha Fletcher
    European Investor Relations
    +44 207 256 5204
    +44 207 256 5678 (FAX)
    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.