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MONTREAL, QUEBEC--(Marketwire - Oct. 20, 2011) - Uragold Bay Resources Inc. (TSX VENTURE:UBR), Uragold is pleased to announce partial results of its regional till sampling campaign on their 100% own MacDonald property located in southern Quebec's Appalachian belt. Preliminary analysis validates historical results confirming the auriferous nature of the McDonald Till. Analysis of gold dispersal trails points to two large gold occurrences in the Cookshire Eaton County.

In June 2011, a total of 465 samples of glacial till were collected, systematically covering the property. 15 kg samples were concentrated on shaking table at ExploLab in Val-d'Or to produce dense mineral concentrates of 200-300 g which were then sent to ALS-Chemex for pulverisation and analysis for Au by Fire Assay and other elements by ICP-MS. Sample treatment implies a concentration factor for 50x to 75x which remains reasonably low. Available analytical results for the first 200 samples from the northern part of the property returned 15 significant assay values from 50 to 608 ppb Au. These confirm historical results regarding the presence of auriferous tills on the McDonald Property.

Analysis of gold in till dispersal trails point to two large gold occurrences in the Cookshire Eaton County namely in the vicinity of (1) Sand Hill to the west and (2) Birchton to the east. At Birchton, the gold in till signals align along two well define, 20 km long ribbon shaped dispersal trains of SSE and SE orientations with a narrow provenance area near their up-ice intersection. In contrast, the Sand Hill occurrence show a single but larger SSE dispersal fan (20 km in length) which remains to be clarified with detailed follow-up sampling. Follow-up work are to be performed this fall aiming to locate the bedrock source for these historically known gold in till occurrences.

Inlandsis Consultants, headed by Dr. Remi Charbonneau PhD (P. Geo) specialist in glacial till geology supervised and interpreted the sampling program. Dr Charbonneau PhD, is a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.

About the McDonald Gold Property

The McDonald Property is located in the southwestern part of the Quebec Appalachians in the Eastern Townships region of the Province of Quebec. Uragold's Moe River Property forms the western edge of the property. For a more detailed description, please read the company's press release titled Uragold Completes the Acquisition of a 425 Square Kilometer Gold Anomaly issued October 14, 2010.

The presence of abundant free gold in surface placers bearing drainages such as the Saumon, Clifton, Eaton and the Moe River rivers along with the presence of gold in undisturbed glacial till, strongly leads Uragold to consider the possibility of hard rock gold deposit(s) somewhere under the till cover. The objective is to explore for these hard rock sources of gold.

Additionally, the Corporation is evaluating the economic potential of the auriferous gravels found in the banks and benches that parallels the Moe River. Uragold is currently completing a till sampling program at the Moe River and once completed the Corporation intend to implement an exploration program in order to validate the 400,000 + ounce historical placer gold deposit of the Moe River Property (671,318 cubic meters at 0,62 g/t AU, Uragold 43-101 Technical Report, Alluvial Gold Properties, Dec 09).

About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company trading on the TSX Venture Exchange under the symbol UBR. Uragold is a top claims holder in Southern Quebec's Appalachian belt. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks. Uragold's business model focuses on developing, a series of potential small scale low-cost gold mining operations for their potential in generating cash flow while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.