San Gold Presents Initial Mineral Resource Estimates for Hinge and 007 Zones

BISSETT, MB--(Marketwire - March 1, 2010) - Dale Ginn, CEO of San Gold Resources Corporation (TSX-V: SGR) is pleased to report that an initial comprehensive, NI 43-101 compliant report has been completed for the Hinge and 007 zones. Peter George, P.Geo., of Geoex Limited was retained by San Gold Corporation in order to prepare a technical report which is an initial third-party estimate of mineral resources of the Hinge and the 007 Zones. The Report was prepared in accordance with the Guidelines set out in National Instrument 43-101 and NI Form 43-101F1. The Resource tables are summarized below:

                         Summary of Resources
                         --------------------

                                           Grade                Contained
                                Tons       oz./ton   (g/tonne)  Ounces
                               --------    ------------------   ---------
Hinge Mine
----------

  Measured Mineral Resources    116,300     0.53        (18.3)     61,980
  Indicated Mineral Resources   496,300     0.36        (12.3)    177,200
                               --------    ------------------   ---------

  Total Measured and
   Indicated Resources          612,600     0.39        (13.4)    239,180

  Total Inferred Resources    1,375,200     0.39        (13.4)    538,700

007 Zone
--------

  Indicated Mineral Resources    74,960     2.58        (88.4)    193,695

  Inferred Mineral Resources    293,740     1.78        (61.0)    522,857

Total Measured plus Indicated   687,560     0.63        (21.6)    432,875

Total Inferred Resources      1,668,940     0.64        (21.9)  1,061,557