Linux Gold Corp.
OTC Bulletin Board : LNXGF

Linux Gold Corp.

August 11, 2009 09:15 ET

Linux Gold Corp. Featured in The KonLin Letter's August 2009 Issue

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2009) - Linux Gold Corp. (OTCBB:LNXGF), today announced that it is featured in the August 2009 issue of The KonLin Letter, an independent market letter that researches, analyzes, and recommends stocks.

"We are quite pleased with the analysis The KonLin Letter has done on Linux Gold Corp. and of our company's inclusion in this month's newsletter," said John Robertson, President of Linux Gold. "The analysis highlights many of our key investment drivers including our 100% interest in the Dime Creek property in Alaska, with gold and platinum values located in the Placer Creek, as well as our 50% interest in 30 mineral claims known as the Fish Creek Prospect located in the Fairbanks Mining Division in Alaska. We welcome the interest of the editors of The KonLin Letter." For additional information on The Konlin Letter, please visit www.konlin.com.

The opinions expressed in "The KonLin Letter" are those of the analyst and not of Linux Gold Corp. The Company does not accept responsibility for the accuracy of any of the information or statements contained in this report. For information provided by Linux Gold Corp. with respect to its business and business prospects, as well as the risks associated with an investment in Linux Gold Corp.'s stock, please see the Company's reports filed with the Securities and Exchange Commission, copies of which are available at www.sec.gov and also on the Company website at www.linuxgoldcorp.com.

ABOUT LINUX GOLD CORP:

Linux Gold Corp. is involved in exploration of mineral properties. Our current plans are to joint venture and explore our gold properties in Alaska. Linux Gold Corp. owns 247 State of Alaska mining claims at several locations near Granite Mountain on the eastern Seward Peninsula of Alaska. Linux Gold Corp. also owns a 50% interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska. Linux Gold Corp. optioned a 50% interest in the Fish Creek claims to Teryl Resources Corp. (TRC-V), retaining a 5% net smelter return or may convert into a 25% working interest. Linux has also staked mineral exploration claims covering 6,400 acres in the Livengood-Tolovana Mining District, in the State of Alaska.

ABOUT THE KONLIN LETTER:

The KonLin Letter (www.konlin.com) is a 40-year old publication that provides fundamental and technical analysis of individual stocks and market movements. Considered an authority on low-priced stocks, The KonLin Letter has consistently been one of the leading publications on Wall Street. It has been rated one of the best performing market letters in the nation offering a unique service that each month recommends five low-priced selections, including a featured stock of the month.

For more information please visit www.linuxgoldcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

John Robertson, President

READER ADVISORY

This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Linux, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Company's 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.

Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Contact Information

  • Linux Gold Corp.
    John Robertson
    800-665-4616
    www.linuxgoldcorp.com
    or
    Makovsky + Company
    Daniela Viola
    212-508-9676