Lago Dourado Discovers New High-Grade Zone; Intercepts 9 Metres of 15.4g/t Gold Including 1 Metre of 79.6g/t Gold at Juruena ...

Lago Dourado Minerals Ltd. (TSX VENTURE:LDM), (the "Company") is pleased to
announce the results from the initial five holes drilled in its Phase 2 diamond
drill program at its 100%-owned Juruena Project located in Mato Grosso, Brazil.
Four of the five holes were drilled to test the main IP anomaly, which was
interpreted to be associated with a porphyry related intrusive (see Figure A:
http://media3.marketwire.com/docs/LDMfig1.pdf). Of these holes, Hole JRND062
identified a new high grade structure within close proximity of the Uiliam Zone
that returned an intercept of 9m @ 15.39g/t Au at a depth of 204m including 0.9m
@ 79.60g/t Au and 1.3m @ 46.20g/t Au. 


Forbes Gemmell, President & CEO, said, "This is a very encouraging result as the
close proximity of this new structure to the deeper Uiliam and near-surface
Mauro and Tomate mineralization zones increases the underlying resource
potential at the Juruena central porphyry target. Drilling in this part of the
property has now identified seven distinct mineralized zones with more than 20
intercepts with gram-metres greater than 50. In addition to these zones there is
also considerable 'blue sky' potential at the previously untested Arrastro Hills
porphyry target, an extensive preserved lithocap with multi-element zonation and
an alteration assemblage typical of an underlying porphyry system. Drilling to
test the Arrastro Hills porphyry target is expected to commence this week." 


The remaining three holes drilled to test the main IP anomaly returned only
anomalous gold intercepts. All the drilling completed to date in the central
part of the property suggests that the main IP anomaly is associated with a
deeply eroded porphyry. Under such a model mineralization is focused
predominately along structures at the edges of the porphyry system (i.e. Tomate,
Crentes and Mauro Zones) and further mineralization could be expected along
these gold bearing structures and/or at depth. This concept is particularly
encouraging for the Arrastro Hills target given the propensity for porphyries to
occur in clusters and that the preserved lithocap (silica cap) at Arrastro Hills
provides an excellent geological setting whereby a gold rich porphyry system can
be preserved. This model is consistent with the conclusions drawn by Mr. Simon
Meldrum, a consulting geologist with more than 30 years experience focused on
porphyry-epithermal systems, following a six-day site visit in December 2012.
Mr. Meldrum identified Arrastro Hills as the highest priority target on the
property given the existence of an extensive lithocap represented by the
extensive distribution and occurrence of clay and silica alteration, as well as
the geochemical multi-element zonation emanating from the lithocap and its
alteration signature, all of which are typical of porphyry deposits observed in
other parts of the world by Mr. Meldrum. See Figures B
(http://media3.marketwire.com/docs/LDMfig2.pdf) and C
(http://media3.marketwire.com/docs/LDMfig3.pdf) for an interpreted cross-section
and plan map of the Arrastro Hills target. 


New Mineralized Structure - JRND062

The new high grade zone in hole JRND062 was intercepted at 204m depth (downhole)
and is defined by a sulfide-rich, intensely altered, sheared and brecciated
porphyritic granite containing graphite bearing shear plane surfaces along which
visible gold occurs. The new high grade intercept is controlled by a low angle
south dipping fault zone, which is the dominant dip direction of the major
structures at Juruena. This structure represents a new target with excellent
resource potential due to its strong and well-defined structural control, the
presence of graphite (assists with deposition of high grade gold) and its close
proximity to other massive gold-rich structures (Uiliam). The structure is
untested along strike and at depth. 


Drilling Update

Five drill holes (approx. 2,000 metres) were completed prior to the year-end
shutdown. Four holes tested the main IP anomaly as previously discussed while a
fifth hole (JRND064) tested the depth continuity of the copper rich zone
near-surface at Crentes. This hole did not intercept any meaningful
mineralization. Approximately 6,000 metres is still to be drilled as part of the
Company's Phase 2 drill program. Drilling for 2013 is expected to recommence
this week with an initial five holes planned at Arrastro Hills. 




Table 1 - Juruena Assay Result Summary:                        
                                                               
---------------------------------------------------------------
Hole Number        Zone    From      To  Length      Au      Ag
                            (m)     (m)     (m)   (g/t)   (g/t)
---------------------------------------------------------------
JRND060          Tomate      82     113      31    0.65    0.88
---------------------------------------------------------------
                            158     159       1    1.45    1.91
---------------------------------------------------------------
JRND061          Uiliam      No significant mineralization     
---------------------------------------------------------------
JRND062          Uiliam      71      77       6    0.50    1.03
---------------------------------------------------------------
                            204     213       9   15.39    9.32
---------------------------------------------------------------
including                   205   205.9     0.9   79.60   26.96
---------------------------------------------------------------
and                       211.7     213     1.3   46.20   34.57
---------------------------------------------------------------
JRND063           Mauro     135     150      15    0.44    1.15
---------------------------------------------------------------
JRND064         Crentes     206     208       2    1.19        
---------------------------------------------------------------
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 2013. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lago Dourado Minerals Ltd.
Forbes Gemmell
President and Chief Executive Officer
(416) 368-5005 or 1-855-368-5005


Lago Dourado Minerals Ltd.
Martti Kangas
Investor Relations
(647) 521-9261
investor@lagodourado.com
www.lagodourado.com
Lago Dourado Minerals Ltd. (TSXV:LDM)
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