SOURCE: Ranger Gold Corp.

March 19, 2010 09:30 ET

Ranger Gold Corp. Provides Corporate Update

CARSON CITY, NV--(Marketwire - March 19, 2010) - Ranger Gold Corp. (OTCBB: RNGC) -- Ranger Gold Corp. (the "Company" or "Ranger") is pleased to provide its shareholders with an update on its corporate activities. 

On November 29, 2009, Ranger Gold Corp. entered into an agreement with MinQuest, Inc. to acquire the CX Property located in Nye County, Nevada. According to the terms of the agreement, Ranger has the right to earn a 100% interest by making certain annual property option payments and by accruing minimum exploration expenditures.

The CX Property consists of 72 unpatented mineral claims covering six epithermal gold-silver targets within a caldera margin that hosts at least two other major gold-silver mines with combined production and reserves of several million ounces.

Previous work on the property is extensive and consisted of approximately 100 drill holes which identified a resource and confirmed the existence of significant gold and silver mineralization over substantial widths. 

Ranger has reviewed all historical data and is in the process of planning a drill program to test the mineralized system.

"We believe the potential for the CX Property is significant, and plan on carrying out an exploration program in the near term," says Gary Basrai, President of Ranger Gold Corp. "We are also currently examining a number of other assets in Nevada and hope to make further additions to our portfolio."

About Ranger Gold Corp.

Ranger Gold Corp. is a US-based resource exploration company exploring for gold in proven gold regions in Nevada. It is focused on discovering and developing low-cost gold assets in order to provide maximum return for its shareholders.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at http://www.sec.gov.

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