Sonora Gold Corp.

Sonora Gold Corp.

March 01, 2005 00:01 ET

Sonora Gold Corp. Receives Drill Results and Plans Production at Santa Gertrudis Gold Project


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SONORA GOLD CORP.

TSX VENTURE SYMBOL: SGG
PINK SHEETS SYMBOL: SGGFF

MARCH 1, 2005 - 00:01 ET

Sonora Gold Corp. Receives Drill Results and Plans
Production at Santa Gertrudis Gold Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2005) - Sonora Gold
Corp. (TSX VENTURE:SGG)(PINK SHEETS:SGGFF) reports it has received the
assays from the balance of the short hole percussion drill program on
the Ontario zone that comprised 1050 meters of drilling over 105 holes.
These last 23 holes (see table 1), together with the previously released
results indicate that the Ontario surface zone is approximately 4 meters
in thickness over an area of 2000 square meters grading 8.5 au. grams
per ton (.25 oz. gold per ton) and is open to the north and to the west.

With the initial Ontario drill program completed, Sonora Gold can now
finalize the Gemcon-based Prefeasibility Study and review all trenching,
confirmation and exploratory drilling with the objective of confirming a
resource and reserve base. The previous operator, Campbell Resources,
carried out a systematic exploration program from 1994-2000 expending
CDN$18,560,000 for exploratory drilling, definition drilling for reserve
estimates, mine planning and metallurgical testing. In addition,
Campbell also completed airborne geophysical surveys during the years
1995-97. Exploration work including 98620 meters of reverse circulation
drilling in 1017 holes and 21,122 meters of diamond drilling in 225
holes has been reviewed by Sonora's consultants and where applicable is
being incorporated in the Prefeasibility Study.

Open Pit Production

It the Sonora's managements' current position, based on results from an
internally generated Scoping Study, that the resource and reserve base
at Santa Gertrudis is sufficient to support the resumption of gold
production at a modest rate of 200 tons per day for a period of 3 years.
Additional reserves are being reviewed for inclusion in the production
plan. Once the Prefeasibility Study is completed the company's 43-101
Technical Report will be upgraded and will include the new mineral
resource and mineral reserve estimates.

During the last 8 months, Sonora has engaged the services of Mr. Gary
Hawthorn of Westcoast Mineral Processing Ltd as the Project's Process
Engineering Consultant to source equipment and advise management of the
costs associated with resuming production utilizing the existing
infrastructure and or providing a "turn-key service" for the operation.
It should be noted that the existing infrastructure on Sonora's Santa
Gertrudis property has been upgraded and includes six cement block
administrative buildings together with four bunkhouses (minimum 200 man
capacity), a one million liter water tank, propane tank farms,
explosives storage building, roadways, leach ponds, leach pad, and other
ancillary structures.

All necessary environmental studies were submitted to the Mexican
Governmental authorities last fall and as all the properties are
classified as "exploitation", the permitting required to resume
production is not considered onerous.

The Company, together with the proposed mining contractor and
consultants, has determined that the cost of resuming production at a
rate of 200 tons per day will total approximately CDN $2,000,000
including working capital. All the necessary equipment has been
identified, sourced and costed. The total time frame to resume
production would equal a maximum of 9 months subject to permitting and
financing. The Company has initiated discussions with the Mexican
Federal Government's Fideicomiso de Fomento Minero (FIFOMI) which
provides low interest start up loans ranging from US$800,000 to US$
2,000,000 to support mining ventures in Mexico. The Company will also
source equity financing to provide the balance of the required funds.

Joint Venture Discussions San Enrique - Molybdenum Copper Project

On the Company's San Enrique property, the previously reported Phase 1
drilling program returned highly anomalous molybdenum values over
several drill holes including an intercept of 27 meters grading 0.31%
copper and 0.21% molybdenum. It is the Company's objective to continue
discussions with interested parties to joint-venture this promising
exploration ground so that the Company can focus its efforts on
resumption of gold production.

Deep drilling on Carlin Style Structure - Santa Gertrudis

It is also the Company's objective to seek a partner to drill for
possible deeper, sulfidic high grade gold zones at Santa Gertrudis known
to occur in this Carlin, Nevada style of geological environment
(reference Sonora Gold 43-101 report dated January 2003).

Private Placement

Sonora Gold Corp also announces a non-brokered private placement of up
to 3,000,000 units at CDN$0.10 per unit consisting of one share and one
2 year share purchase warrant exercisable at CDN$0.15 in the first year
and CDN$0.20 in year two, subject to TSX Venture Exchange approval.
These funds will be used to finalize the Prefeasibility Study, complete
the revised 43-101 Technical Report, permitting and general working
capital.

Mr. Richard Kern, P.Geo. of Reno, Nevada, is the Company's qualified
person on the project as required under NI 43-101 and has reviewed the
technical information contained in this press release.

Sonora Gold has in place a rigorous QA/QC program consistent with NI
43-101 and uses best industry practice. Also, Chemex Labs of Hermosillo,
Mexico and Vancouver, B.C. are responsible for all the Sonora Gold
assays.



Table 1

-------------------------------------------------
Total Average
Depth Width grade
Hole# Meters Meters Au gpt
-------------------------------------------------
ONT83 10 NSV
ONT84 10 4 3.08
ONT85 10 4 4.67
ONT86 10 3 3.47
ONT87 10 1 2.05
ONT88 10 1 1.51
ONT89 10 1 4.85
ONT90 10 2 4.06
ONT91 10 1 6.77
ONT92 10 NSV
ONT93 10 NSV
ONT94 10 3 1.45
ONT95 10 NSV
ONT96 10 5 4.65
ONT97 10 5 17.56
ONT98 10 5 10.31
ONT99 10 1 1.85
ONT100 10 4 1.11
ONT101 10 NSV
ONT102 10 1 1.38
ONT103 10 NSV
ONT104 10 NSV
ONT105 10 NSV
-------------------------------------------------
True widths are estimated to be approximately the
same as reported widths.
-------------------------------------------------


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.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Sonora Gold Corp.
    Tom Brady
    (604) 685-5851 or Toll Free: 1-888-685-5851
    (604) 685-7349 (FAX)
    ir@unitedresourcegroup.ca
    www.sonoragold.ca/
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.