September 25, 2008 SYMBOL: GTQ-TSX

Gateway Gold Corp. (GTQ-TSX) (the “Company”) is pleased to report the remaining results from the recent drilling program on the Santa Fe gold property located in south-western Nevada. All of these holes intersected thick intervals of gold and silver mineralization highlighted by Hole SF08-06, which intersected 345 feet grading 2.39 g/t gold and 59.9 g/t silver. The holes were all designed to test the grade and thickness continuity of the mineralized zone below the bottom of the historic drill holes. The results from the Company’s holes confirm that the mineralized zone continues to at least 325 feet below the depth established by the historic holes.

“We are very pleased to have extended the mineralization significantly below the depths of the historic drill holes”, commented M.D. McInnis, President and CEO of Gateway. “In addition, the thickness of the zone appears to be improving with depth. We are looking forward to further drilling to establish the full extent of this promising mineralized zone.”

The results of the drilling program are summarized in the table below. Intervals reported are drilled intercepts which may not represent true widths of the mineralized zone.

Holes SF08-05 through 07 were drilled as a fence of holes on the southeast side of the mineralized zone (see attached map). Hole SF08-06 was drilled near historic hole VSF81-64. Hole SF08-06 intersected mineralization over 465 feet, which added 215 feet to the intercept below the bottom of VSF81-64. Hole SF08-07 was an offset of historic hole CSF80-30 which bottomed in mineralization. SF08-07 extends the mineralized zone an additional 325 feet below the bottom of CSF80-30. Hole SF08-08 was drilled at an angle across the mineralized zone in the vicinity of historic hole VSF81-63 and extended the zone approximately 100 feet below the bottom of the historic hole. The mineralized zone appears to be an irregularly shaped tabular body which ranges in width from 225 to 300 feet and up to 800 feet in strike length. The zone crops out on the side of the historic Santa Fe pit and has been traced for at least 700 feet to depth.

For further information about the Company and its activities, please refer to the Company’s website at www.gatewaygold.com and under the Company’s profile at www.sedar.com .

ON BEHALF OF THE BOARD

“Michael D. McInnis”

Michael D. McInnis, P.Eng.,

President and CEO

For further information contact: Website: www.gatewaygold.com

Michael D. McInnis, President Raju Wani, Investor Relations – Tel: 403.240.0555

Tel: 604.801.6040 Ron Cooper, Investor Relations – Tel: 604.986.0112