Suparna Gold Corp.

March 01, 2012 08:00 ET

Suparna Gold Commences Diamond Drilling at Sara Creek Concession

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2012) - Suparna Gold Corp. ("Suparna" or the "Company") (TSX VENTURE:SUG) is pleased to announce that a 5,000 metre diamond drilling program, to be completed by Surecore Portable Diamond Drilling Ltd., has commenced on Suparna's Sara Creek Property located in east central Suriname, South America. Drilling activities are expected to run 24 hours a day, seven days a week to ensure a continuous operation.

The first eleven holes, planned for the Gran Creek target area within the central part of the Sara Creek Property, have been delineated to investigate a lithological contact zone (mafic and felsic units) associated with an implied shear zone. The shear zone is associated with two sets of vein systems (shear and tension veins) within the mafic unit, both of which may be auriferous. Initial investigations on drillcore show that the first hole, GRA-001 (end of hole at 214 m) has intersected surface clay and saprolite as well as underlying felsic and metavolcanic units, both of which contain sulphide rich (pyrite and chalcopyrite) sections associated with quartz veins.

Assay procedure

The Company uses both Filab Suriname and the Assay Office in Suriname for sample preparation and fire assays and periodically inserts blanks with sample submissions in conjunction with the Company's QA/QC procedures. In addition, the Company will be sending a percentage of prepared samples to SGS Peru (ISO certified) for additional QA/QC measurements.

About Suparna Gold Corp.

Suparna is an exploration company with its flagship Sara Creek Property located in the highly prospective Guiana Shield in Suriname, South America. The Sara Creek project has a large property position in the Guiana Shield covering 56,920 hectares, and is located approximately 150 air kilometres to the south of Paramaribo, the capital city of Suriname.

Mr. Nico Scholtz, Pr. Sci. Nat., is the "qualified person", as defined in National Instrument 43-101, who has reviewed and approved the technical content in this press release.

Reader Advisory

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the Company's proposed drilling program and exploration activities. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; and the other factors described in our public filings available at Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

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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