Lago Dourado Intercepts 21 Metres of 1.24 g/t Gold Including 11 Metres of 2.14 g/t Gold at its Jauru Project, Brazil

Lago Dourado Minerals Ltd. (TSX VENTURE:LDM), (the "Company") is pleased to
announce additional assay results from its 1,600-metre Phase 1 drill program at
its Jauru Project, located in Mato Grosso, Brazil. Results for the remaining 6
of 14 holes drilled at the J6 area are summarized in Table 1 below. Highlights
include: 




--  Hole JAUD012 which intercepted 21 metres of 1.24 g/t gold including 11
    metres of 2.14 g/t gold; 
    
--  Hole JAUD013 which intercepted 3 metres of 2.20 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 in a
mining friendly region. The Company has recently completed a 14-hole 1,600-metre
Phase I diamond drill program. 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. 


The Phase I drill program at Jauru was 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). At the J6A Zone mineralization was intercepted close to
surface in shear zones within the granite along a strike length of approximately
1.5km. Hole JAUD012 intercepted mineralization subparallel to hole JAUD010 (43
metres of 1.67g/t gold) confirming the potential for mineralization at J6A to
occur across multiple parallel zones. This has been reconfirmed by soil and grab
samples to the east of hole JAUD012 returning anomalous results. 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. 


Future work at the J6 area will likely consist of trenching and RAB drilling
with both being cost effective exploration tools that should give a much clearer
picture of strike continuity and the width extent of the mineralized shear
zones. Regional exploration consisting of soil and grab sampling will continue
and be focused on identifying mineralisation within a banded iron formation rich
unit that lies along strike of the same gold-rich structure controlling
mineralisation at J6B & C. This area was recently identified as the most
prospective within the Jauru licenses from a regional geophysical interpretation
study. 


Table 1 - Jauru Assay Result Summary:



----------------------------------------------------------------------
                      From            To      Length(i)             Au
Hole Number            (m)           (m)            (m)          (g/t)
----------------------------------------------------------------------
JAUD004                     No significant mineralization             
----------------------------------------------------------------------
JAUD008                     No significant mineralization             
----------------------------------------------------------------------
JAUD011                 83            86              3           0.52
----------------------------------------------------------------------
JAUD012                 30            51             21           1.24
----------------------------------------------------------------------
including               38            49             11           2.14
----------------------------------------------------------------------
JAUD013                  0             1              1           1.04
----------------------------------------------------------------------
                        16            19              3           2.20
----------------------------------------------------------------------
JAUD014                 64            70              6           0.39
----------------------------------------------------------------------
(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.


To view a map of the Jauru Property, please visit the following link:
http://media3.marketwire.com/docs/jauru_property.pdf.
Lago Dourado Minerals Ltd. (TSXV:LDM)
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