Raven Gold Corp.
OTC Bulletin Board : RVNG

Raven Gold Corp.

May 07, 2007 09:01 ET

Raven Gold Corp.: Raven Gold and Tara Gold Pursue Aggressive Exploration at La Currita Silver / Gold Project in Temoris, Mexico

LAS VEGAS, NEVADA--(CCNMatthews - May 7, 2007) - Raven Gold Corp. (OTCBB:RVNG) (the "Company") - Raven Gold Corp. and Tara Gold Resources Corp. are pleased to announce that they have signed a new La Currita Groupings Joint Venture Agreement (the "Agreement"). The Agreement adds additional exploration spending which raises the exploration expenditure commitments from $3.5 million usd to $4.25 million usd on Raven Gold's La Currita project located near Temoris, Chihuahua, Mexico.

La Currita has recently seen capital investments into the Mill to increase production levels and geological work, including mine engineering and development to increase ore production for the Mill. The assessment made from this work has led both parties to refocus its efforts and capital towards a more extensive exploration program in an effort to uncover the full potential of the project. The scale of future enhancements to the La Currita mill will be based on this work.

With Raven making La Currita its main focus from both a capital and strategic perspective, Raven has negotiated a full return of the Las Minitas concessions to Tara Gold.

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 in the next two years.

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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