July 22, 2008

Dale Ginn, CEO of San Gold Corporation (SGR: TSX-V) is pleased to report that San Gold has significantly expanded its Timmins, Ontario, gold exploration land position with the acquisition of additional properties along the prolific Procupine-Destor fault to the east, south and west of the City of Timmins. The new properties are located in Ogden, Deloro, Shaw, Matheson, Bristol and Carscallen townships.

Including the previously acquired Dalton property (See Press Release March 11, 2008), San Gold’s Timmins area land holdings now total 3715Ha (hectares) consisting of 548Ha of patented claims and 3168Ha of staked claims. The new properties are covered by four agreements made with one private company and four local claim holders.

San Gold can earn a 100% interest in the new claims by paying $600,000 cash, issuing 370,000 shares and incurring exploration expenditures of $1,650,000 over a three year period under option agreements.The new properties include the Big Marsh Property that is located in Carscallen and Bristol Townships approximately 20kms west of Timmins along Highway 101.

The Big Marsh property, consisting of two claim groups, is located in the West Timmins area that is being intensively explored and developed for gold production by other companies. The Big Marsh property lies across the Bristol Splay running off the main Porcupine-Destor regional fault. The gold target rocks consist of mineralized zones that have been tested by 1940’s drilling and are known to contain gold values. The Big Marsh Property is also prospective for base metal deposits since the central and northeastern parts of the property contain rhyolites that are equivalent in age and composition to the Kidd Creek rhyolite. San Gold has already commenced exploration on the Big Marsh property, consisting of 50 line kms of linecutting and 30 line kms of VFL and IP geophysical surveys

The Deloro and Shaw Township Properties consist of the Delnor, Lynx, Bow Tie, Slade, Hunter and Odyssey claim groups. All of these properties are located immediately south of the Porcupine-Destor Fault and are located approximately 10kms southeast of Timmins. The West Ogden property is located on Highway 101 approximately 8kms west of Timmins and the Matheson property is located in Matheson township approximately 10kms east of the Pamour minesite.Generally, in Deloro and Shaw townships, the potential gold host rocks covered by new claims consist of metavolcanics and tuffs of Upper Deloro Group mafic to felsic rocks, including oxide to sulphide iron formations. More specifically the Deloro-Shaw township claim groups cover a variety of promising geological environments, including sulphide rich iron formations, feldspar porphyry sills, serpentinized ultramafic bodies, carbonitized shear zones, sequences of alternating felsic and ultramafic (komatiite) bands, and zones of quartz carbonate (ankerite) and chrome mica.

San Gold is an aggressive and successful gold explorer and developing producer within the Manitoba Rice Lake greenstone belt located west of Red Lake, Ontario. San Gold has developed two mines and discovered four gold deposits within the Rice Lake belt over the past three years, most recently the high-grade, near-surface Hinge deposits.

The Company intends to systematically explore all of its Timmins area properties over the next three years utilizing contractors and geologists from the Timmins area. San Gold’s Timmins area exploration is being carried out under the supervision of John Boissoneault, P.Eng., the Qualified Person for these projects under National Instrument 43-101. For further information contact Dale Ginn, CEO of San Gold Corporation, at (204) 794-5818 or investor information at 1-800-321-8564 or visit www.sangoldcorp.com.