..looking at this bulk sample ,

San Gold Corporation

www.sangoldcorp.com 1-800-321-8564 info@sangoldcorp.com

. A table containing the detailed breakdown of stoping, development, mill and cost

data follows the written portion of this press release.

Highlights and Observations of the Hinge Zone Bulk Sampling Program include:

5,938 ounces recovered from 11,762 tons mined and processed.

Stoping grades of 21.7 g/tonne (0.63 oz/ton) and development grades of 16.9 g/tonne (0.49 oz/ton).

Main Hinge lens #1 grades 26.3 g/tonne (0.77 oz/ton) in stoping and 21.2 g/tonne (0.62 oz/ton) in development.

Bulk sample operating costs averaged Cdn $59 per ton for mining and Cdn $19 per ton for milling, for a total direct

operating cost of Cdn $78 per ton, excluding capital expenditures and exploration drilling.

Total direct bulk sample operating cost per ounce of gold produced is Cdn $184 per ounce or approximately US

$158 as at June 30, 2009.

Total expenditures of Cdn $6.5 million to develop the Hinge Mine.

Total decline, lateral and raise development of over 8,000 feet completed to June 30

.

The bulk sampling

program was segmented

into stope (i.e.

production mining)

and development segments.

The two stope

segments averaged

20.6 g/t (0.63 oz/t)

over 2,738 tons. Four

development ore segments

averaged 16.0

g/t (0.49 oz/t) over

9,024 tons. The entire

11,762 ton bulk

sample averaged 18.0

g/t (0.53 oz/t) recovered.

It is anticipated

that the majority of

future ore will be derived

from the stoping

category versus the development category as the Hinge Mine progresses to steady-state production. Waste dilution

in the development headings averaged approximately 40% and approximately 15% in the stope or bench

headings.