2009-03-20 14:27 ET - News Release

Mr. Wade Dawe reports

LINEAR GOLD CORP. ANNOUNCES COMPLETION OF $5,000,000 FINANCING

Linear Gold Corp. has closed its previously announced non-brokered private placement with Sprott Asset Management, consisting of 4,545,455 units at a price of $1.10 per unit. Each unit consists of one common share and one-half warrant, with each whole warrant entitling the holder to purchase an additional common share at a price of $1.50 per share at any time prior to March 19, 2011.

The proceeds from the private placement will be used for working capital, and to finance the acquisition, exploration and development of high-quality, gold-focused assets.

Wade K. Dawe, president and chief executive officer of Linear Gold, states: "Linear is very well capitalized for pursuing new opportunities. Following completion of this financing, with only 32.5 million shares outstanding, Linear's debt-free balance sheet includes working capital in excess of $30.0-million and a portfolio of quality gold projects, including carried joint ventures on the company's Ixhuatan project in Mexico and the company's three properties in the Dominican Republic. Linear is continuing to review potential acquisitions, focusing on high-quality, advanced gold exploration and development opportunities."