Little Squaw Gold Mining Company
OTC Bulletin Board : LITS

Little Squaw Gold Mining Company

April 10, 2006 07:00 ET

Little Squaw Expands Chandalar Mineral Holdings

SPOKANE, WASHINGTON--(CCNMatthews - April 10, 2006) - Little Squaw Gold Mining Company (OTCBB:LITS) ("Little Squaw" or "the Company") has expanded its Chandalar, Alaska gold property by nearly 40%, from 10,000 acres (15.6 sq. miles) to 13,800 acres (21.3 sq. miles). The Company's large block of claims covers the heart of an historic high-grade gold vein mining district some 200 miles north of Fairbanks, Alaska.

The core of Little Squaw's claim block includes 426 acres of patented federal mining claims that hold five proven gold bearing veins. The Company has added 24 state mining claims to cover a new zone prospective for extensions of gold vein deposits, bringing the total to 114 claims. The state mining claims completely encase the patents.

The state mining claims have been staked in tranches over the last three years, with each one covering new gold prospects identified over an ever widening area by the Company's summer prospecting programs. More than 30 different gold quartz vein outcroppings have been located and sampled, all showing various degrees of anomalous gold content, which in some localities is in the multi-ounce range over several feet of width (see the Company's press releases 2-03 of July 21, 2003, 4-04 of August 31, 2004 and 5-04 of November 15, 2004).

Patented federal mining claims represent prima face evidence that a discovery has been made, and the land and minerals are owned outright. State mining claims give the Company, as the locator and subject to discovery, the exclusive right of possession and extraction of minerals within the boundaries of the claim, and to use its surface for such purpose.

Company geologists are optimistic more gold veins will be discovered as sophisticated geochemical and geophysical techniques are brought to bear for the first time in the Chandalar mining district. The property's potential is masked by extensive soil and landslide debris. The Company now has a new excavator on site, which will be used systematically to trench numerous gold geochemical soil anomalies believed to be caused by hidden gold veins, allowing for detailed sampling and evaluation.

The Company's 2006 Chandalar exploration plans include drilling at least 10,000 feet in 30 or more holes on at least 10 discrete gold prospects where the Company has previously established the presence of rich gold values.

About the Company: Little Squaw Gold Mining Company (OTCBB:LITS), is a 47 year-old, publicly-traded junior mining company with new management, an infusion of capital, and a new vision going forward. The Company is committed to exploring and developing gold deposits on its wholly-owned Chandalar mining property in Alaska. Information on the Company, its Chandalar property and the gold showings thereon is available on the Company's website at Additional information on the Company and its plans may be found in the Company's SEC filings, specifically its Form 10-KSB/A annual report for 2005, which can also be accessed through the Company's website.

Richard Walters, President, and Susan Schenk, Manager of Investor Relations of Little Squaw Gold Mining Company are responsible for this news release

Cautionary Note Regarding Forward-Looking Information -- Information set forth in this press release involves forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including: the Company's plans initiate or complete exploration drilling on the Chandalar property, the timing in which it may be accomplished, the anticipated results of the Company's exploration program and the Company's ability to file SEC forms in a timely manner. Unpatented mining claims, such as the Company's state mining claims, are subject to title risks. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company's actual results, programs and financial position could differ materially from those expressed in or implied by these forward-looking statements.

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