Minco Gold Corporation (the "Company" or "Minco Gold")
(TSX:MMM/AMEX:MGH/FSE:MI5) is pleased to report the results of an
initial resource estimate for the Changkeng Gold Project in Guangdong
Province, China. The estimate contains an indicated resource of 2.1
million tonnes @ 5.61 g/t gold (Au) for a total of 379,000 oz Au and an
inferred resource of 2.2 million tonnes @ 4.82 g/t Au for a total of
333,400 oz Au.

The purpose of this resource estimate was to:

. Take into consideration Minco Gold's recently completed 6 drill
holes.

. Estimate gold resources that reflect Minco Gold's current exploration
permit holdings on the Changkeng property.

. Identify areas where inferred resources can be upgraded to indicated
with additional drilling.

. Identify areas where the resource can be expanded.

Diamond drill data from a total of 81 drill holes and 13 surface
trenches were used for the resource calculation of which 6 are new
holes completed in 2007. The drilling to date was conducted on an
approximate 40 metre section spacing with holes on section between 20 metres to 80 metres apart. Drilling prior to 2007 was undertaken by the Chinese Government 757 Exploration Team. Grade interpolation was undertaken with the inverse distance cubed estimation method. The Changkeng deposit remains open along strike to the northeast and southwest.

The resource estimate prepared on the Changkeng Deposit also includes
silver (Ag) and minor amounts of lead (Pb) and zinc (Zn). The results
of this Resource Estimation do not include silver resources from the
remaining portion of the Changkeng property area and are only for the
Changkeng gold occurrence. Details of the resources residing on the
Changkeng Deposit are shown in Table 1.

Table 1: Resource Estimate @ 1.5 g/t AuEq(ii) Cut-Off Grade.
------------------------------------...
AuEq AuEq
Au Au Ag Ag (ii) (ii)
Classification Tonnes (g/t) (oz) (g/t) (oz) (g/t) (oz)
------------------------------------...
Indicated 2,101,000 5.61 379,000 10.7 723,000 5.81 392,100
------------------------------------...
Inferred 2,152,000 4.82 333,400 9.3 643,000 4.99 345,100
------------------------------------...

(ii) The AuEq grade was calculated from metal prices of Au US$650/oz
and Ag US$12.50/oz with respective recoveries of 95% and 90%. The
calculated Au:Ag ratio was 55:1.

1. Mineral resources which are not mineral reserves do not have
demonstrated economic viability. The estimate of mineral resources may
be materially affected by environmental, permitting, legal, title,
taxation, sociopolitical, marketing, or other relevant issues.

2. The quantity and grade of reported Inferred Resources in this
estimation are conceptual in nature and there has been insufficient
exploration to define these inferred resources as an indicated or
measured mineral resource and it is uncertain if further exploration
will result in upgrading them to an indicated or measured mineral
resource category.

For the purposes of the resource update report, the resource was
defined using approximate January 2008 24 month trailing average metal
prices of US$650/oz Au and US$12.50/oz Ag. Costs of US$12/tonne for
mining, US$13/tonne for processing/tailings management and US$5/tonne
for G&A for a total of US$30.00/tonne and a process recovery of 95% for
Au and 90% for Ag yield a cut-off grade of 1.50 g/t AuEq.

The mineral resources in this press release were estimated using the
Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM
Standards on Mineral Resources and Reserves, Definitions and Guidelines
prepared by the CIM Standing Committee on Reserve Definitions and
adopted by CIM Council December 11, 2005.

The resource update was prepared by Qualified Persons, Eugene Puritch,
P.Eng., Antoine Yassa, P.Geo. and Tracy Armstrong, P.Geo. of P&E Mining
Consultants Inc. of Brampton, Ontario. The authors of the current
resource estimate reviewed original assay certificates from core
samples and check samples and collected their own site visit
verification samples. It is the authors' opinion that the data have
been adequately verified for the purposes of a NI 43-101 resource
estimate and all historic and current data were found to be reliable,
with an acceptable level of reproducibility. An updated NI 43-101
resource estimate technical report will be issued within 45 days of
this press release.

Minco Gold is encouraged by the NI 43-101 Compliant Resource Estimate
and the drill results verifying and extending the mineralization. The
company is continuing to work aggressively to advance the Changkeng
Project and further drilling is planned to begin at the end of March,
2008.

Samples were prepared and assayed at PRA Kunming lab (Process Research
Associates Ltd.) under the supervision of a certified Canadian chemist
from the British Columbia PRA lab. Gold and silver were assayed with
fire assay and AAS or gravimetric finish. Assay results were further
checked at PRA's Vancouver lab as an external check. Samples have also
been sent to ASL Chemex Laboratories in Guangzhou, Guangdong Province,
PRC for additional check analysis. Reference materials were inserted by
Minco geologists as part of a comprehensive quality assurance/quality
control program.

This news release has been reviewed and approved for dissemination by
Mr. Dwayne Melrose, P. Geo, Vice President Exploration for Minco Gold,
who is the Qualified Person responsible for verification and quality
assurance of the company's exploration data and analytical results.

About Minco Gold

Minco Gold Corporation (TSX:MMM/AMEX:MGH/FSE:MI5) is a Canadian mining
company involved in the direct acquisition and development of
high-grade, advanced stage gold properties in China. The Company owns
an exploration property portfolio covering more than 1,500 square
kilometres of mineral rights in China. For more information on Minco
Gold and its properties, please visit the website at www.mincomining.ca
or contact Ute Koessler at 1-888-288-8288 or (604)-688-8002
info@mincomining.ca.

ON BEHALF OF THE BOARD

"Dr. Ken Z. Cai"

Chairman & CEO