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Message: News Release: Drilling starting at Morris Lake

News Release: Drilling starting at Morris Lake

posted on Feb 08, 2010 06:37PM

Here's the NR:

TORONTO, Feb. 8 /CNW/ - Viking Gold Exploration Inc. (TSX-V: VGC),
hereafter "the Company" or "Viking Gold", announces that it is currently
mobilizing for a 2000 meter exploration drill program on the Company's Morris
Lake property, which is situated in a volcanic belt 80 km north of
Yellowknife. This $500,000 program is designed to explore 9 targets over a
strike length of 1.7 km. The targets have been selected on the basis of the
Company's earlier lake sediment geochemistry and airborne geophysical surveys,
after incorporating the results of its 2009 summer exploration program of
limited diamond drilling and surface channel samples of outcrop. Approximately
one-third of the combined samples from that program yielded anomalous gold
values (see VGC Press Release of October 7, 2009).
On February 4, 2010, the Company's Board of Directors approved as
compensation, the grant of an aggregate 1,200,000 options to nine directors,
officers and employees to acquire up to 1,200,000 common shares of the
Company. These options are exercisable at $0.11 each over a five-year period.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.

-30-
/For further information: please contact Robert Ginn, CEO at (416)
364-6244 ext. 227 or visit our website at: www.vikinggold.ca/


Feb 17, 2010 02:31AM
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