SOURCE: Ranger Gold Corp.

May 17, 2011 09:30 ET

Ranger Gold Receives Approval for Bond Calculation and Engages Drill Contractor

CARSON CITY, NV--(Marketwire - May 17, 2011) - Ranger Gold Corp., (OTCBB: RNGC) is pleased to announce that the United States Forest Service ("USFS") has approved Ranger Gold's bond calculation for the CX Project in Nye County, Nevada.

Prior to beginning a drill program on USFS land, all companies are required to pay a bond equal to the amount of the estimated future costs that will be required to return the property to its natural state after the completion of the drill program. Ranger Gold will be paying the bond in the coming days.

Ranger is also pleased to announce that it has engaged a contractor to carry out drilling on its Nevada holdings.

"We are very excited that we have completed these important steps and are moving closer to drilling on the CX," said Gary Basrai, President of Ranger. "With the approval of our bond calculation and the sourcing of a drill contractor, we hope to commence drilling in the months to come once optimal weather and road conditions exist."

About Ranger Gold Corp.
Ranger Gold Corp. (OTCBB: RNGC) is a US-based resource exploration company exploring for gold in proven gold regions of 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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