SOURCE: San Gold Corporation

August 24, 2007 11:46 ET

San Gold Funds Are Safe

BISSETT, MB--(Marketwire - August 24, 2007) - Dale Ginn, CEO of San Gold Corporation (TSX-V: SGR), confirms that the Company has no exposure to asset-backed commercial paper. The Company has received numerous shareholder inquiries concerning the security of the company's cash and cash equivalents as a result of current economic concerns. All of San Gold's cash and cash equivalents consist of deposits and interest bearing certificates of deposits with accredited Canadian banking institutions.

For further information contact Dale Ginn, CEO of San Gold Corporation, at (204) 794-5818, investor information at 1-800-321-8564 or visit the company's website at www.sangoldcorp.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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