Vedron Gold Inc.

Vedron Gold Inc.

September 22, 2005 16:05 ET

Vedron Gold Inc.: Terms Revised for Maude Ramp Property, Timmins, Ontario

TORONTO, ONTARIO--(CCNMatthews - Sept. 22, 2005) - Vedron Gold Inc., (TSX VENTURE:VG), announces that on September 19, 2005 a revision of terms of the March 1, 2004 agreement on the Maude Ramp Property owned by Globex Mining Enterprises Inc. Refer to the press release of March 1, 2004 for the original terms.

The payments and obligations under the agreement have been reduced. The property option payments due on the third and fourth anniversary are now $100,000 each. The amount of shares payable on the third anniversary has been revised to 350,000 shares, and to 400,000 shares on the fourth anniversary.

Property work requirements are now $750,000 during the second year of the agreement ending February 28, 2006. Property work requirements in the third year are $1,500,000 and in the fourth year $1,750,000. Vedron earns a 50% interest in the property upon completion of the work obligations and payments set out above.

Vedron also has the option to purchase a 100% interest in the claim that hosts the Maude Ramp deposit to a depth of 1200 feet by making a cash payment to Globex in the amount of $2,250,000. This amount is subject to adjustment to give consideration should a resource be established at greater than 100,000 ounces of gold. Vedron will pay $22.50 for each additional ounce grading a minimum of 6 grams per tonne (0.175 ounces per ton). Globex will continue to retain a 3% Net Metal Royalty on the remainder property.

To find out more about Vedron Gold Inc. (TSX-V:VG), visit our
website at

Shares: 54,558,947

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

Contact Information