Lago Dourado Intercepts 43 Metres of 1.67 g/t Gold and 10 Metres of 9.82 g/t Gold in Initial Drill Holes at Its Jauru Project...

Lago Dourado Minerals Ltd. (TSX VENTURE:LDM), (the "Company") is pleased to
announce initial assay results from its 1,600-metre Phase 1 drill program at its
Jauru Project, located in Mato Grosso, Brazil. Results for the first 8 of 14
holes drilled at the J6 area are summarized in Table 1 below. Highlights
include: 




--  Hole JAUD010 which intercepted 43 metres of 1.67 g/t gold, including 15
    metres of 2.28 g/t gold; 
    
--  Hole JAUD007 which intercepted 1 metre of 92.60 g/t gold within a
    broader mineralized zone of 10m of 9.82 g/t gold; 
    
--  Hole JAUD002 which intercepted 11 metres of 2.35 g/t gold including 2
    metres of 11.19 g/t gold. 



The Jauru Project is an orogenic gold system located in a gold-rich
granite-greenstone belt in the south of Mato Grosso with access to excellent
infrastructure including a paved highway and high voltage electricity. The
Company has recently completed a 14-hole 1,600-metre Phase I diamond drill
program: assays are still pending for 6 holes. All the drill holes were
relatively shallow (less than 150 vertical metres) and were drilled at a dip of
-55 degrees. An airborne magnetics and radiometric survey and extensive soil
sampling program were completed prior to drilling. 


Drilling to date at Jauru has been focused on the J6 area, which is made up of
two separate mineralized zones as defined by gold-in-soil anomalies (J6A and
J6B/C - see Figure A). The mineralized zones occur proximal to geological and
magnetic contact zones between granitic and volcanic rock units and are
orientated subparallel to the dominant regional structural direction (NNW) in
subtle structural jogs. Drilling was primarily focused on the J6A Zone, the
stronger and more continuous gold-in-soil anomaly. Mineralization was
intercepted close to surface along a strike length of approximately 2km. The
orogenic nature of the deposit suggests there is good potential for depth
continuity. Gold mineralogy is also relatively simple with mineralization
associated with quartz - pyrite - carbonate veins within an altered (sericite -
pyrite) schistose host rock. 


Higher grade and/or broader zones of mineralization within orogenic deposits are
typically associated with geological contacts, localized dilational jogs or
cross-cutting fault structures. Follow up surface trenching and geophysical
techniques such as IP surveys will be valuable tools in providing a much clearer
structural interpretation and helping to identify where these richer and broader
zones of mineralization occur. 


"We are very encouraged by the initial drill results at Jauru especially given
the early stage nature of the project, the limited amount of data available and
the modest size of the Phase I drill program. The results reinforced our
geological model and we are optimistic that a better understanding of the
structural controls will lead us to the more mineralized zones in the system,"
commented Forbes Gemmell, President & CEO. 


Table 1 - Jauru Assay Result Summary:



----------------------------------------------------------------------------
                                      From        To     Length(i)        Au
Hole Number                            (m)       (m)           (m)     (g/t)
----------------------------------------------------------------------------
JAUD001                                 85        89             4      1.25
----------------------------------------------------------------------------
JAUD002                                 12        23            11      2.35
----------------------------------------------------------------------------
  including                             19        21             2     11.19
----------------------------------------------------------------------------
JAUD003                                 No significant mineralization       
----------------------------------------------------------------------------
JAUD005                                  0         6             6      1.44
----------------------------------------------------------------------------
JAUD006                                 90        94             4      1.03
----------------------------------------------------------------------------
JAUD007                                 83        93            10      9.82
----------------------------------------------------------------------------
  including                             88        89             1     92.60
----------------------------------------------------------------------------
JAUD009                                 54        62             8      1.40
----------------------------------------------------------------------------
                                       109       128            19      0.49
----------------------------------------------------------------------------
JAUD010                                  7        50            43      1.67
----------------------------------------------------------------------------
  including                             14        25            11      2.87
----------------------------------------------------------------------------
  including                             35        50            15      2.28
----------------------------------------------------------------------------
(i)Intervals do not necessarily indicate true widths.                       



Historical artisanal activity resulted in the excavation of two small pits at
J6A and J6B. The project was also subject to an 80-hole drill program in 1988 by
BP Mineracao Ltda that returned intercepts of 12 metres of 14.65 g/t gold and 11
metres of 11.35 g/t gold from the J6A Zone. 


The Company has an option agreement to earn a 70% interest in the Jauru Property
by making option payments totaling US$800,000 and undertaking minimum
expenditures of US$2.7million for the two years ending August 2013. The next
option payment of US$300,000 is due in August 2012. The total land package at
Jauru subject to the option agreement is approximately 85,000 hectares. 


Qualified Person 

Murray Paterson, P.Geo, Vice President Exploration and Development for Lago
Dourado Minerals Ltd, is the Qualified Person, within the meaning of NI
43-101,who reviewed the technical data in this news release. Samples were fire
assayed by Acme Analytical Laboratories S.A. in Santiago, Chile. 


About the Company: 

Lago Dourado Minerals Ltd. is a Canadian mineral exploration company focused on
advancing its 100%-owned Juruena gold project in the state of Mato Grosso,
Brazil. Extensive gold mineralization has been identified over 10 square
kilometres of the property, and at least 450,000 oz of gold has been mined from
surface workings. The Company has conducted systematic exploration programs over
portions of the property and priority target areas will be drill tested with a
Phase 2 drill campaign that is expected to be ongoing through 2012. 


For further information about the company, please visit www.lagodourado.com or
www.sedar.com.


Forward-Looking Statements

This news release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as "forward-looking
statements") within the meaning of Canadian securities laws. All statements
other than statements of historical fact are forward-looking statements. Undue
reliance should not be placed on forward-looking statements, which are
inherently uncertain, are based on estimates and assumptions, and are subject to
known and unknown risks and uncertainties (both general and specific) that
contribute to the possibility that the future events or circumstances
contemplated by the forward-looking statements will not occur. Although Lago
Dourado believes that the expectations reflected in the forward looking
statements contained in this press release, and the assumptions on which such
forward-looking statements are made, are reasonable, there can be no assurance
that such expectations will prove to be correct. Readers are cautioned not to
place undue reliance on forward-looking statements included in this document, as
there can be no assurance that the plans, intentions or expectations upon which
the forward-looking statements are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties that contribute to the possibility that the predictions,
forecasts, projections and other forward-looking statements will not occur,
which may cause Lago Dourado's actual performance and results in future periods
to differ materially from any estimates or projections of future performance or
results expressed or implied by such forward-looking statements. The
forward-looking statements contained in this news release are made as of the
date hereof and Lago Dourado does not undertake any obligation to update
publicly or to revise any of the included forward-looking statements, except as
required by applicable law. The forward-looking statements contained herein are
expressly qualified by this cautionary statement.


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link: http://media3.marketwire.com/docs/LDMImage04182012.jpg.
Lago Dourado Minerals Ltd. (TSXV:LDM)
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