Raven Gold Corp.
OTC Bulletin Board : RVNG

Raven Gold Corp.

October 23, 2007 15:50 ET

Raven Gold Corp.-La Currita Update

LAS VEGAS, NEVADA--(Marketwire - Oct. 23, 2007) - Raven Gold Corp. (OTCBB:RVNG) (the "Company"), Raven Gold's Independent Consultant, D. B. Petersen, P. Eng, has returned from a 4-day on-site visit to the La Currita project in Chihuahua State, Mexico. There he examined the surface of the North Zone and three adits that have successfully intersected the gold and silver bearing Sulema vein as far as 450 metres along strike beyond the area previously explored by underground drifts. He also examined the area of the South Zone where chip sampling has identified continuation of gold and silver values along the strike of the Sulema vein for 200 metres beyond the area of previous underground mining. This work confirms that the Sulema vein strike length is at least 1,050 metres long.

Preparations are being made to embark on a 10-hole, 2,500 metre long Phase I surface diamond drilling program and a 30-hole, 1,000 metre long underground drilling program. Depending on the results, a Phase II program is contemplated.

David Petersen, P. Eng., has acted as the qualified person as identified by National Instrument 43-101, and reviewed and verified the technical content of this release.

About La Currita

The La Currita project includes a mine, a 150 tonne/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. The existing mine holds potential to increase tonnage through systematic exploration. The area surrounding La Currita hosts numerous prospects and adjacent to the La Currita holdings, Palmarejo Gold recently merged with Coeur d'Alene Mines Corporation and Bolnisi Gold NL, in a transaction valued at approximately US$1.1 billion, creating a potential major silver and gold producer.

About Raven Gold Corp.

Raven Gold Corp. is an international gold mining company, with exploration and development projects. Raven's mandate is to initiate an aggressive acquisition policy, focusing on under-explored to advanced stage exploration gold deposits in North and South American Countries. Raven is focused on becoming a low cost gold producer.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

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