CANGOLD LIMITED ("CLD")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: March 24, 2008
TSX Venture Tier 2 Company


TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced January 30, 2008:


Number of Shares: 5,925,000 shares


Purchase Price: $0.18 per share


Warrants: 2,962,500 share purchase warrants to
purchase 2,962,500 shares


Warrant Exercise Price: $0.25 for a one year period


Number of Placees: 60 placees


Insider / Pro Group Participation:


Insider equals Y /
Name ProGroup equals P / # of Shares


Michelle Savella P 1,250
Ian Gordon P 100,000
Oceanic Management Ltd.
(Kaare Foy) Y 60,800
Raakel Iskanius Y 30,000
Malcolm Burne Y 300,000
Robert Archer ITF M. Archer Y 30,000
Robert Archer ITF B. Archer Y 30,000
Scott Hunter P 300,000
David Hamilton-Smith P 100,000
David Garnett P 50,000


Finder's Fees: $8,640 and 60,000 warrants payable to
Acamar Asia Consultants Inc.
$26,640 and 185,000 warrants payable to
Bolder Investment Partners Ltd.
$4,320 and 30,000 warrants payable to
Canaccord Capital Corp.
$4,320 and 30,000 warrants payable to
Haywood Securities Inc.
128,072 shares and 160,090 warrants payable
to B & D Capital


Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private
placement and setting out the expiry dates of the hold period(s). The
Company must also issue a news release if the private placement does not
close promptly. Note that in certain circumstances the Exchange may
later extend the expiry date of the warrants, if they are less than the
maximum permitted term.


TSX-X