SOURCE: Star Gold Corp.

January 26, 2010 07:30 ET

STAR GOLD Identifies Drill Targets on Excalibur

POST FALLS, IDAHO--(Marketwire - January 26, 2010) - Star Gold Corp. ("the company" or "we") (OTCBB: SRGZ) is pleased to announce an update on the exploration program that was conducted on its Excalibur Gold Property in Nevada. The data that has been retrieved to date is highlighted by the identification of three (3) direct drill targets, with numerous other targets noted that require further analysis.

"We are extremely pleased with the results of the Geologic mapping and geochemical sampling on our Excalibur gold property," stated Lindsay Gorrill, Star Gold's President and CEO. "We have set a goal for Star Gold to become a gold producing company, and in our opinion we are working towards that goal. However, there can be no assurances that Star Gold will become a gold producing Company."

The Excalibur Property is located about 20 miles southwest of Mina, in Mineral County, Nevada. The Excalibur project consists of 50 mineral claims equaling approximately 1000 acres, all within the well-known Walker Lane structural belt, host to many significant mining districts and several large mineral systems.

The mapping and sampling was carried out by MinQuest (a private mineral & evaluation company). The samples recovered, coupled with significant geological mapping, are the basis for the recommendations that Star Gold will utilize for future exploration on the Excalibur gold property.

The results of the exploration completed to date on the Excalibur Property do show positive results of gold, silver and associated elements. We will further outline our drilling program in the future, that utilizes these results, and prepare ourselves for a productive 2010.

Results and Recommendations from MinQuest's Geological Report Include:

North Target: Mapping and sampling indicate numerous quartz and barite stringers coating and breccia zones over a length of 2,500 feet by 900 feet in width. Gold values to 0.8 ppm and silver values to 10 ppm have been collected.

Moho Extension: The "vein" extension can be traced for over 1,800 feet in an easterly direction. Sampling in the area ranges from 0.9 to 7.2 ppm gold and up to 100 ppm silver.

South Target: A target has taken shape on the south end of the project. The mapping identified a chert breccia zone approximately 1,500 by 1,200 feet in areal extent. The altered area contains numerous high angle structures that cut the breccia and surrounding sediments. The structures contain gold values to 3.5 ppm.

Northeast Target: Several samples collected contained 0.5 to 14 ppm gold and 10 to 90 ppm silver.

History: The Moho vein was discovered in 1903 and mined intermittently until the 1930s. According the US Bureau of Mines IC 6941 written in 1937, the property produced over $100,000 of ore at an average grade of 1 oz/t gold, 6.5 oz/t silver and 1.4 oz/t lead.

Mineralization: The entire MOHO "vein" zone can be traced for over 7,500 feet in length, 600 feet in width and over 1,000 feet in elevation. Previous reports indicate an inferred resource of 250,000 tons grading 8.5 ppm gold and 90 ppm silver.

Central Target, represented by the extension of the Moho vein that lies within the current claim position, can be traced for over 1,800 feet. Samples along this extension range from 0.8 to 7 g/t gold and 6 to 90 g/t silver.

The review of all the data generated to date was the basis for Star Gold's management that established an outline for 2010 that:

--  Identified new targets,
--  Outlines the future drill program,
--  Made recommendations for more mapping and sampling work,
--  Recommends a significant exploration and drilling budget.

About Star Gold Corp.

Star Gold Corp. is a gold and base metal exploration company with the purpose of evaluating, developing and acquiring gold projects of merit with a focus on the United States, Canada and Mexico. At present, Star Gold is focused on the exploration and development of its Excalibur Gold Project and newly acquired Longstreet Project, in Nevada, USA.

Star Gold Corp. has compiled a management team that has the knowledge, experience and motivation to find quality properties at different stages of development in order to fulfill their corporate mission.

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Star Gold Corp (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at under "Search for Company Filings."

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