SG Spirit Gold Inc.
TSX VENTURE : SG

May 09, 2011 12:16 ET

SG Spirit Gold Inc.: News Release

CALGARY, ALBERTA--(Marketwire - May 9, 2011) -SG Spirit Gold Inc. ("Spirit Gold" or the "Company") (TSX VENTURE:SG) announces that effective May 6, 2011 the TSX Venture Exchange suspended trading in the Company's securities as a result of a Cease Trade Order ("CTO") having been issued by the Alberta Securities Commission on May 5, 2011. The CTO was issued as a result of the Company having failed to file annual audited financial statements, annual management's discussion and analysis, and certification of annual filings for the year ended 31 December, 2010 by the appropriate filing deadline.

Reinstatement to trading can occur when the CTO is revoked and the TSX Venture Exchange has concluded its reinstatement review.

About Spirit Gold

The Company possesses a large mineral property inventory: slightly over 50,000 hectares (123,500 acres) in southeastern British Columbia, Canada. The Company's mission is: to define quality mineral exploration opportunities that can be developed in a sustainable and environmentally responsible manner and that can contribute to the economic and social well-being of local communities.

In recent years the Company has concentrated its efforts on the Kimberley Gold Trend ("KAT"), which blankets a large portion of the Company's properties. The KAT is a metal-rich boomerang-shaped region roughly 30 km wide and 100 km long, extending from the Purcell Mountains in the west, across the Rocky Mountain Trench where it bends north to occupy a swath of the western Rocky Mountains. Further information is available at www.sgspiritgold.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THEPOLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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