Lago Dourado Provides Drilling Update On The Arrastro Hills South East Porphyry Target At Its Juruena Project, Brazil

Lago Dourado Minerals Ltd. (TSX VENTURE:LDM), (the "Company") has completed the
first diamond drill hole at the Arrastro Hills South East porphyry target at its
flagship 100%-owned Juruena Project located in Mato Grosso, Brazil. Hole JRND068
was drilled vertically to a depth of 480m to test a strong muscovite alteration
signature that corresponded with a major crosscutting fault structure and a deep
seated IP anomaly. Drill core for the hole is being split and logged on site and
will be shipped for fire assaying later this week. 


Photographs of drill core from the top 200m of the hole are available at
www.lagodourado.com (under Projects - Juruena - Drill Core Photos) and a
schematic with the key geochemical and geophysical data, alteration data and
drill hole locations at Arrastro Hills is provided in Figure A
(http://media3.marketwire.com/docs/ldmfiga430.pdf). A brief geological summary
of the hole is provided below:




--  0 - 31m - Saprolite and transition zone from saprolite to fresh rock. 
    
--  31 - 176m - Strongly altered fine-grained volcanic that is intruded by
    magnetite-rich fine to medium grain felsic and mafic porphyries.
    Mineralisation consists predominantly of finely disseminated sulfides
    and sulfide-filled fractures and veins. Sulfide-carbonate veins
    associated with minor brecciation are also present. Pyrite is the most
    dominant sulfide mineral observed and occurs in combination with
    chalcopyrite in places.  
    
--  176 - 480m - Moderately altered fine-grained volcanics with minor felsic
    porphyries. Mineralisation below 176m is only weakly developed and
    consists of disseminated sulfides and thin sulfide-filled fractures. 



Drilling productivity has significantly improved compared to the start of the
year due to the easing of the wet season and Arrastro Hills South East being
much more accessible than the central part of Arrastro Hills. The next hole
planned at Arrastro Hills South East (JRND069) is approximately 500m east of
JRND068 and will target a phengite-rich zone that corresponds with an IP anomaly
and broad Au-Cu soil anomaly. The presence of phengite is indicative of a higher
temperature part of the system that may represent an exposed part of a porphyry
system. A study conducted by the MDRU found a strong association between
phengite and gold mineralization at known mineralized zones elsewhere at
Juruena, including the Crentes, Tomate and Uiliam zones, which are located
proximal to Arrastro Hills South East.


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. 


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
investor@lagodourado.com
www.lagodourado.com
Lago Dourado Minerals Ltd. (TSXV:LDM)
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