THG

Threegold Resources Inc (TSX VENTURE:THG) ("Threegold" or the "Company") is
pleased to announce the acquisition from Diagnos Inc. of the Colline Bearn and
Dalquier properties located at approximately 13 kilometre from the town of Amos
and some 55 kilometres northeast of Val-d'Or, in the Bearn and Dalquier
townships, in the Abitibi region of Quebec (see appended map:
http://media3.marketwire.com/docs/va1130.pdf). 


The Collines Bearn and Dalquier projects consist of 22 map-designated cells
covering a surface area of about 13 square kilometres (1,282 hectares). The two
new properties are immediately adjacent to the Rousseau West property, which
together with Rousseau East and Standard Gold, are 100% owned projects. These
projects are located on trend with a 3.6 kilometre-long, auriferous corridor
that has been defined by the last drill campaign carried out on Standard Gold by
Threegold's option partner Bowmore (see Press Release March 29th, 2012). The old
Standard Gold mine contains historical resources estimated at 132,750tonnes at
5.4g/t Au. 


Geologically, the Collines Bearn and Dalquier projects lie on volcanic units of
the Lac Arthur Group dominated by andesites, structurally overlain by basalts of
the Bearn Group. The volcanic rock package is truncated by the prominent Berry
Pluton and a dioritic intrusion on the Colline Bearn property, and by a
granodioritic pluton adjacent to a gabbros on the Dalquier Property (Source:
Sigeom MRNF NTS sheet 32D09-200-0202). 


The Collines Bearn project contains the historical showings AN-88-6 and DD88-1
which, with Gordona on Rousseau West, are all associated with prominent high
magnetic and strong electromagnetic anomalies identified over few kilometers by
the recently completed MAG-TDEM airborne geophysical survey by the Company (see
press release June 21, 2012). Mineralization consists of disseminated to
semi-massive sulphides (sphalerite, galena, pyrrhotite, pyrite) associated with
brecciated to sheared, quartz-carbonate-sericite veins and veinlets returning
high grade values in gold, silver, lead and zinc (Source: Sigeom MRNF GM-46485,
GM-47679, GM-47830). 


The Dalquier project contains the East Dalquier Showing characterized by a
quartz vein network associated with scheelite. The mineralization consists of
disseminated pyrite with traces of pyrrhotite, chalcopyrite and native gold,
which returned historical values in gold of up to 5.5g/t-Au in grab samples
(Source: Sigeom MRNF GM 56186), 4.8g/tAu over 1.1 metre in drilling (Source:
Sigeom MRNF GM-01714) and unconfirmed values in tungsten of 1.86%W. 


Note that the resources reported above are provided as historical data and have
not been verified. In addition, grab samples are selective by nature and
unlikely represent average grades. 


Under the terms of the agreement, Threegold will acquire 100% interest in the
two properties by making a $10,000 cash payment and by issuing 200,000 common
shares to Diagnos Inc. The deal will be subject to a 2% NSR ("Net Smelter
Return") royalty of which 1% can be bought back for $1,000,000. 


Termination of option agreements: 

Threegold Resources has opted to terminate its option to earn up to 75% of the
Hop O'My Thumb and Vauquelin properties of Plato Gold. Osisko Mining Corporation
("Osisko") has opted to drop its option to earn up to 70% on the Adanac
property. Osisko still maintains its share position in the Company and is
confident in Threegold's management and ability to deliver long term shareholder
value. 


Financing activities: 

Threegold has closed a 48,000 $CND financing priced at 6 cents per unit with a
half warrant at 10 cents for 18 months. A 7% finder's fee in cash is being paid
in association with this transaction. 


Victor Goncalves, President and CEO of Threegold Resources Inc. stated: "We are
pleased with the progress made by the Company despite the current difficult
economic market conditions. We are pleased to have acquired two new gold plays
with high-grade gold occurrences along with base metals in our portfolio. The
Collines Bearn and Dalquier projects are now part of our strategic and ongoing
effort to consolidate an already strong land position in a highly prospective
gold mining camp. The company is planning an exploration news release shortly to
update the Company activities".  


Alain Berclaz, P.Geo, Vice-President Exploration for Threegold and a Qualified
Person under National Instrument 43-101, has approved the technical information
contained in this news release. 


About Threegold  

Threegold has established itself as one of the premier exploration companies in
Quebec. The Company has a highly qualified technical team with extensive
exploration experience, including previous gold discoveries in Quebec, and a
management team with financing and public company expertise. 


Threegold offers investors a portfolio of high-quality exploration projects
focussing on Canadian assets primarily in Quebec; and the potential to create
shareholder wealth through discoveries of new, low-cost multi-million ounce gold
deposits 


Threegold's strategy is to mitigate shareholder risk through partnerships with
the likes of Bowmore Exploration. 


You can also visit our website : www.threegold.ca

Forward-looking statement: 

Except for statements of historical facts, all statements in this news release
regarding, without limitation, new project acquisitions, future plans and
objectives are forward-looking statement which involve risks and uncertainties.
There can be no assurance that such statements will prove to be accurate. Actual
results and future events could differ materially from those anticipated in such
statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mr. Victor Goncalves
President and CEO
Threegold Resources Inc
(204) 997-5517
victor@threegold.ca


Mr. Sylvain Laberge.
Investor Relations
Threegold Resources Inc
(514) 702-9841
sylvain@threegold.ca

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