SAN GOLD ANNOUNCES CONDITIONAL TORONTO STOCK EXCHANGE (TSX) LISTING APPROVAL

Bissett, Manitoba; October 8, 2010 – San Gold Corporation (the "Corporation") is pleased to announce that it has received the conditional approval of the Toronto Stock Exchange (the "TSX") for the listing of the Corporation’s common shares on the TSX. Once listed on the TSX, the common shares will continue to trade under the symbol "SGR".

Listing of the common shares is subject to compliance with all of the requirements of the TSX, including receipt of all required documentation by the TSX no later than January 5, 2011. The Corporation anticipates filing final listing materials with the TSX within the next few days. The Corporation will issue a further news release as soon as the date for trading on the TSX has been confirmed. Once listed on the TSX, the Corporation’s common shares will be delisted from the TSX Venture Exchange.