Stakeholder Gold Corp.
TSX VENTURE : SRC

Stakeholder Gold Corp.

July 07, 2011 09:00 ET

Stakeholder Gold Corp. to Option Three Properties Located in White Gold District of Yukon

DAWSON CITY, YUKON--(Marketwire - July 7, 2011) - Stakeholder Gold Corp. (TSX VENTURE:SRC) ("Stakeholder") is pleased to announce that it has negotiated options to acquire a 100% interest in three new properties in the White Gold district of Yukon. The CC and TAK properties are adjacent to Stakeholder's flagship Ballarat property approximately 15km due south of Kinross's Golden Saddle deposit and 20km northeast of Kaminak's Coffee project. The VO property is located on the west side of the Yukon River approximately 15km northwest of the Golden Saddle deposit.

Stakeholder can earn a 100% interest in the 32-claim (665ha) CC property by paying $40,000 cash and issuing 400,000 shares in stages over a three-year period ($10,000 and 100,000 shares upon regulatory approval) subject only to a 2.5% net smelter returns royalty on any mineral production from the property. Stakeholder will have the right to purchase 1.5% of the royalty for $1.5 million and a right of first refusal on the remaining 1% royalty. The property covers the ridge between Kirkman and Thistle creeks where placer mining is ongoing and documented historical production is estimated in excess of 63,000 ounces of gold. CC is strategically located between Kinross's Thistle and Black Fox properties and contiguous to Arcus' Touleary property.

Stakeholder can earn a 100% interest in the 82-claim (1,710ha) TAK property by paying $40,000 cash and issuing 400,000 shares in stages over a three-year period ($10,000 and 100,000 shares upon regulatory approval) subject only to a 2.5% net smelter returns royalty on any mineral production from the property. Stakeholder will have the right to purchase 1.5% of the royalty for $1.5 million and a right of first refusal on the remaining 1% royalty. The property was acquired based on the placer and hard rock knowledge and experience of one of the vendors. A silt sample taken by the vendor returned 70ppb gold and is considered strongly anomalous for gold.

Stakeholder can earn a 100% interest in the 36-claim (750ha) VO property by paying $40,000 cash and issuing 400,000 shares in stages over a three-year period ($10,000 and 100,000 shares upon regulatory approval) subject only to a 2.5% net smelter returns royalty on any mineral production from the property. Stakeholder will have the right to purchase 1.5% of the royalty for $1.5 million and a right of first refusal on the remaining 1% royalty. The property is interpreted to be underlain by the same geology as the White Gold property consisting of stacked thrust sheets of Yukon-Tanana schist and gneiss. Potential exists for intrusion related or orogenic gold mineralization.

Each property acquisition is subject to the execution of a formal option agreement, final Stakeholder board approval and regulatory approval, including the approval of the TSX Venture Exchange. Hinterland Metals Inc. holds a 25% interest in each of the CC and TAK properties. Stakeholder and Hinterland have certain directors in common. Accordingly, the CC and TAK acquisitions will be reviewed and approved by those directors of Stakeholder that do not sit on both boards. In addition, a director of Stakeholder holds a 25% interest in the VO property and accordingly he will abstain from voting on the VO acquisition.

Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for any technical content included in this release.

This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event except as may be required by applicable securities laws.

Issued 26,326,641

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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