Sonora Gold Corp.
TSX VENTURE : SGG
PINK SHEETS : SGGFF
FRANKFURT : T9N

Sonora Gold Corp.

August 24, 2006 00:15 ET

Sonora Gold Corp. Announces Changes to Board of Directors

Red Tusk Copper Gold Acquisition Completed-Fall 2006 Drill Program Planned

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 24, 2006) - Sonora Gold Corp. (TSX VENTURE:SGG)(PINK SHEETS:SGGFF)(FWB:T9N) -

SAN ENRIQUE DRILL PROGRAM UPDATE

MEXICAN SUBSIDIARY SALE UPDATE

Sonora Gold Corp. ("the Company") welcomes W.K. Crichy Clarke, B.A. and John Nicholson, P.Geo FRGS as Directors and updates shareholders on the progress of summer operations.

Mr. Clarke's corporate experience includes 12 years (1975 to 1987) working with the Royal Bank of Canada in Vancouver, Montreal, Toronto, New York, Houston, Portland, Edmonton, and Calgary, rising to Senior account manager, national accounts, Energy for that organization. He has also worked as a stock broker at both McDermid St. Lawrence Ltd. and Canaccord Capital Corp. (1987 to 1994). Mr. Clarke is currently President, CEO and Director of TTM Resources Inc., a TSX Venture Exchange listed Company and is also active in a number of private companies in British Columbia and Alberta, focused on resource exploration and real estate.

Mr. Nicholson is another addition to the Company's Board of Directors, lending extensive experience in precious and base metals exploration and development, having worked on projects in both North and South America. Mr. Nicholson is a Professional Geologist, and Fellow of the Royal Geographical Society (FRGS).

Robert A. Sibthorpe, P.Geo has resigned from the Board due to other commitments but will continue to lend his expertise to the Company as a Consultant. The Company thanks Mr. Sibthorpe for his past contributions as a Director.

RED TUSK COPPER-GOLD ACQUISITION COMPLETED, FALL 2006 DRILL PROGRAM PLANNED

The Company's takeover of Red Tusk Resources Inc. closed on July 14, 2006. The Company is now awaiting government approval to commence a 24 hole diamond drill program at the northwest British Columbia based RHG Copper-Gold prospect, one of two new properties the Company has acquired in this transaction.

SAN ENRIQUE DRILL PROGRAM UPDATE

Minera Teck Cominco, S.A. de C.V. ("Teck Cominco") has advised that drilling continues on the copper-molybdenum-gold San Enrique property that Teck Cominco has under option from the Company. The first assay results from this 2000-2500 metre, 10 hole diamond drill program are anticipated in the next 3 weeks.

SALE OF TWO MEXICAN SUBSIDIARIES NEAR COMPLETION

The Company continues to work diligently towards closing the sale of two of its Mexican subsidiaries, including the former producing Santa Gertrudis Gold mine. Although progress on this transaction has been slower than expected, management is now anticipating it will close in early September.

The Board of Directors has also approved the issuance of 2,600,000 stock options exercisable at CAD $0.09 for 2 years to be allocated to Officers, Directors, Employees, and Consultants of the Company, subject to Toronto Venture Exchange Approval.

For more information, visit www.sonoragold.ca.

On Behalf of the Board

Dave McMillan, President & C.E.O.

This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.


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

Contact Information

  • Sonora Gold Corp.
    Tom Brady
    Investor Relations
    (604) 685-5851 or Toll Free: 1-888-685-5851
    or
    Sonora Gold Corp.
    Chad McMillan
    Investor Relations
    (604) 685-5851 or Toll Free: 1-888-685-5851
    (604) 685 7349 (FAX)
    or
    Sonora Gold Corp.
    Arthur Ferjo
    Investor Relations
    (705) 743-5042
    ir@urg.ca
    www.sonoragold.ca