Lago Dourado Intercepts 59 Metres of 2.22g/t Gold Including 1 Metre of 62.60g/t Gold from Surface at Juruena Project; Hole En...

Lago Dourado Minerals Ltd. (TSX VENTURE:LDM), (the "Company") has intercepted a
new near-surface intrusive body from its ongoing reconnaissance-style RC drill
campaign at its flagship, 100%-owned Juruena Project located in Mato Grosso,
Brazil. Hole JRNRC032, drilled 300m north of the Tomate pit, intercepted 59
metres of 2.22g/t gold from surface and ended in mineralization. Key points of
note are outlined as follows: 




--  Mineralization mostly consists of disseminated sulfides and is not vein
    controlled. Gold grade continuity throughout the hole was excellent (see
    Figure A for a Strip Log). 
    
--  The mineralized zone is located on the southeastern edge of the central
    IP anomaly and along strike of the Tomate Zone (JRND050 intercepted 7.5
    metres of 6.30g/t gold). The zone remains unconstrained to the east and
    300 metres to the north and west (bounded by Crentes and Uiliam).  
    
--  A narrow high-grade zone associated with a geological contact zone was
    intercepted at a depth of 43 metres (1 metre of 62.60g/t gold with
    visible gold - true width is unknown). 
    
--  From 44 metres to 54 metres, the drill hole encountered a highly-altered
    intermediate porphyry dyke that averaged 2.91g/t over the 10 metres. The
    nature of mineralization is a positive indicator that this new zone
    could be continuous in strike, dip and grade.  



Recent exploration results provide further support that Juruena belongs to a
class of gold-rich porphyry systems. The geochemical and geophysical data
suggest the main intrusive body associated with this system is located within
the Crentes-Tomate-Mauro-Chico boundary as evidenced by the following (see
Figure B for a visual summary):




--  Large (greater than 1km x 1.5km), ovoid chargeability anomaly; 
    
--  Associated 'porphyry' and 'epithermal' multi-element soil anomalies; and
    
--  Existence of multiple high-grade zones or 'offshoots' adjacent to the
    main IP anomaly (Crentes, Tomate and Mauro) 



Follow up RC drilling is being conducted to the north and west of JRNRC032 to
determine the size extent of this new mineralized intrusive body and its
possible association to an interpreted larger mineralized porphyry body at depth
beneath the central IP anomaly. The diamond rig is scheduled to recommence
drilling in late September and will initially target the depth continuity of
this zone. 




Table 1 - Juruena Assay Result Summary:                                     
----------------------------------------------------------------------------
                        From     To   Length     Au     Ag     Hole ended in
Hole Number      Zone    (m)    (m)      (m)  (g/t)  (g/t)    mineralization
----------------------------------------------------------------------------
JRNRC032       Tomate      0     59       59   2.22   0.65                 Y
----------------------------------------------------------------------------
including                 23     55       32   3.60   1.06                  
----------------------------------------------------------------------------
including                 43     44        1  62.60  14.34                  
----------------------------------------------------------------------------
JRNRC033       Tomate      0      9        9   0.29    nsm                  
----------------------------------------------------------------------------
                          45     57       12   0.33   0.32                  
----------------------------------------------------------------------------
Note - Intervals are based on a bottom cut-off of 0.15g/t gold and do not   
 necessarily indicate true widths.                                          



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 15 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 the maps associated with this press release, please visit the following
links:


Figure 1: http://media3.marketwire.com/docs/LDM95Figure1.pdf 

Figure 2: http://media3.marketwire.com/docs/LDM95Figure2.pdf
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