Metallic Ventures Gold Inc.

Metallic Ventures Gold Inc.

June 18, 2008 08:30 ET

Metallic Ventures Gold Inc.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2008) - Metallic Ventures Gold Inc. (the "Company") (TSX:MVG) today announced the resignation of Mr. Jeffrey R. Ward as the Chairman and Chief Executive Officer and a director of the Company, for personal reasons. Mr. Ward, together with Mr. Richard McNeely, was a co-founder of the Company. The board of directors of the Company would like to thank Mr. Ward for his years of service to and outstanding leadership of the Company.

About The Company

MVG is an Ontario incorporated exploration stage gold company with its common shares listed and posted for trading on the Toronto Stock Exchange. MVG is currently focused on its two advanced stage exploration gold projects, being the projects referred to as the "Converse Project" and the "Goldfield Project". MVG Project resource information is available on the Company's website.

Metallic Ventures Gold Inc. has a large Nevada gold resource base, and is well funded with royalty income, no debt, no hedging and a low burn rate.

Cautionary Note to U.S. Investors

The United States Securities and Exchange Commission (the "SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website and in our press releases, such as "measured", "indicated", and "inferred" resources, that are recognized and required by Canadian regulations, however, the SEC guidelines strictly prohibit U.S. companies from including these terms in their filings with the SEC. We advise U.S. investors that while these terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission do not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves or will be economically or legally minable.

Certain statements included herein constitute "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Metallic Ventures Gold or of the gold mining industry to be materially different from future results, performance or achievements expressed or implied by those forward looking statements. These risks, uncertainties and other factors include, but are not limited to, changes in the worldwide price of gold or certain other commodities and currencies and the risks involved in the exploration, development and mining business. These factors are discussed in greater detail in Metallic Ventures Gold's most recent Annual Information Form and Management's Discussion and Analysis of Financial and Operating Results on file with the Canadian provincial securities regulatory authorities.

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