PC Gold Inc.

PC Gold Inc.

June 23, 2008 09:00 ET

PC Gold More Than Doubles Size of Pickle Crow Gold Property, Now Holds Commanding Position in Pickle Lake Camp Core Areas

OTTAWA, ONTARIO--(Marketwire - June 23, 2008) - PC Gold Inc. (TSX:PKL) ("PC Gold" or "the Company") is pleased to announce it has staked an additional 2,579 hectares of ground in the heart of the historic Pickle Lake mining camp, increasing the size of its land package by more than two and a half times from 1,583 hectares to a total of 4,162 hectares. The new staking is contiguous with the Company's core group of claims. PC Gold now commands a dominant position in the historic core areas of the camp. This includes holding 100% of what was historically the camp's most productive asset, the past producing high grade Pickle Crow gold mine.

The objectives of the staking were both strategic and practical: to protect core property areas, to secure prospective ground on which several gold prospects are located, to provide lateral room, if needed, for stepping back for deep drilling purposes, and to provide additional site options for new surface infrastructure that may be required in future.

The staking was carried out under the supervision of Mr. Neil Pettigrew, M.Sc., P.Geo., Vice President, Exploration for PC Gold, and the Company's Qualified Person under National Instrument 43-101. Mr. Pettigrew has reviewed and approved the content of this news release.

A map showing the location of the newly acquired areas is available at:

http://www.pcgold.ca/en/Location,_Size_&_Ownership_26.html or http://www.pcgold.ca/en/Key_Document_Downloads_66.html

About PC Gold

PC Gold commenced trading on the Toronto Stock Exchange on May 13th this year. The Company was established in October 2007 to consolidate leasehold ownership in the past-producing Pickle Crow underground gold mine in northwestern Ontario, Canada. The Pickle Crow Mine was a long-life (31 years), high grade (life of mine average approximately 16 g/t (0.47 oz/T)), consistently profitable operation, producing in total 1.45 million Troy ounces of gold. When the mine closed in 1966, gold was worth just $35/oz, productive veins remained open, and zones of gold in iron formation sat largely untouched within the workings. PC Gold has begun a major exploration program to define and expand known gold zones within or in close proximity to the historic workings, and to seek extensions to those zones, and new discoveries, in the virgin ground beneath the old mine, where the system lies open. The planned exploration program is expected to encompass some 45,000 metres of diamond drilling per year of combined shallow, intermediate and deep exploration with three drill rigs. Drilling is targeted to get underway in August.

Additional information about PC Gold Inc. can be found on the Company's website at www.pcgold.ca.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

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