MacMillan Gold Corp.
TSX VENTURE : MMG

MacMillan Gold Corp.

January 30, 2008 12:29 ET

MacMillan Reports Positive Gold Results From El Zafiro Gold Project in Mexico

TORONTO, ONTARIO--(Marketwire - Jan. 30, 2008) - George A. Brown, President and CEO of MacMillan Gold Corp. (TSX VENTURE:MMG), is pleased to announce that MacMillan has received all assay results from the completed Phases 1 and 2 diamond drilling programs at the El Zafiro Gold Project in the State of Sinaloa in Mexico.

Mr. William Hamilton, P.Geo. and Manager of Exploration is a Qualified Person under the meaning of National Instrument 43-101 and is responsible for all technical information contained in this news release.

Phases 1 and 2 consisted of fourteen diamond drill holes totaling 1,478.4 metres in length. Seven of these holes totaling 797.75 metres in length were drilled to test a northwest trending shear zone along 150 metres of strike, and four holes totaling 298.4 metres in length were directed at the altered contact zone at the Zafiro Main Target. The Zafiro Main Target occurs at the intersection of the north-northwest trending, southeast dipping shear zone and a northwest trending, gently northeast dipping altered contact zone between andesitic and rhyolitic tuffaceous units. The remaining three drill holes totaling 382.35 metres in length were drilled to test the El Chacal Target located approximately 400 metres to the east of the Main Target. All results of Phases 1 and 2 have been received and are summarized in tables in this news release.

The altered contact hosting the mineralization has been traced by surface mapping over a total strike length of 600 metres, and it is still open to the southeast within the confines of the property. Geological and geochemical surveying is in process of being extended to the southeast to trace the favourable contact zone with the goal of identifying if additional targets exist warranting drilling.



ZAFIRO MAIN TARGET - testing north northwest trending structure
Drill holes listed from south to north

Estimated
Hole # FROM TO WIDTH True Width g Au/t
----------------------------------------------------------------------------
EZA-03 31.0 35.3 4.3 4.2 1.212
EZA-01 no significant values
EZA-02 24.0 25.5 1.5 1.5 1.284
EZA-04 no significant values
EZA-07 no significant values
EZA-05 no significant values
EZA-06 no significant values

ZAFIRO MAIN TARGET - testing altered contact between rhyolite and andesite
Drill holes listed from southeast to northwest

Estimated
Hole # FROM TO WIDTH True Width g Au/t
----------------------------------------------------------------------------
EZA-10 9.45 10.95 1.5 1.4 0.504
27.45 28.65 1.2 1.1 0.974
31.6 34.5 2.9 No recovery Underground working
40.2 43.65 3.45 3.2 1.376
EZA-08 4.5 32.85 28.35 26.5 3.551
Includes 4.5 6.0 1.5 1.4 4.251
also
includes 13.7 32.85 19.15 18.0 4.822
EZA-09 no significant values
EZA-11 no significant values

EL CHACAL TARGET - Drill Holes listed from SW to NE

Estimated
Hole # FROM TO WIDTH True Width g Au/t
----------------------------------------------------------------------------
CHA-02 102.25 103.75 1.5 1.5 1.450
CHA-01 103.5 105.0 1.5 1.5 0.583
CHA-03 no significant values

Values in bold include over 0.0400 g au/t.


Drilling was completed by Redrilsa Mexico S.A. de C.V. based in Zacatecas, Mexico. Samples were split and logged by Company personnel at a secure location near the property. All samples were shipped to Inspectorate de Mexico S.A. de C.V. in Durango, Mexico for preparation and then forwarded to Inspectorate Precious Metals Inc. in Sparks, Nevada for assay. Blank and standard quality control/quality assurance samples were inserted into the sample stream. No appreciable assay discrepancies have been noted.

In December, the diamond drill was mobilized to the Realito Silver Project in the State of Jalisco in Mexico for a six diamond drill hole Phase 1 program. The first two holes were completed in December and results from these are expected back in early February. The remaining four holes are currently being drilled. Additional surface work is ongoing at the Realito with the goal of identifying additional drill targets to be tested during the current program.

The Company is actively conducting surface exploration programs at the Las Cucharas Gold Project in the State of Nayarit in Mexico with the aim of identifying drill targets for an early 2008 Phase 1 diamond drill program.

Duran Ventures Inc. (TSX VENTURE:DRV) as operator of a 50:50 joint venture with MacMillan, are currently drilling the Phase 2 at the Aguila Project in Peru. Phase 1 Holes 4 and 5 are currently being completed to their original target depths of between 550 and 600 metres. Phase 2 includes nine additional drill holes to test the Aguila Main, Aguila West Contact, and Aguila East Targets. The first six known diamond drill holes into the Pasacancha Silver Project are also included in the current Phase 2 drill program.

Investors and interested parties are invited to visit the MacMillan Gold IR Hub at www.agoracom.com/IR/MacMillan where they can post questions and receive answers or review existing questions and answers. Investors may also email questions or request to be added to the investor email list at MMG@agoracom.com.

MacMillan Gold Corp. is a Canadian resource company listed on the TSX Venture Exchanges: Symbol "MMG".

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.

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