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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: 3rd Quarter Results

Anyone care to speculate on 3rd quarter numbers? If history is any indication, they should release some guidance in the first week in October. If the previous set of numbers are similar to q3 with the addition of 300tpd, production should come in somewhere around 24,000 ounces. Then again, maybe the silence lately is for a reason and a few surprises are in store.

In the second quarter of 2011, the Company:

 Recognized record quarterly revenue of $28.4 million on gold sales of 19,276 ounces.

 Generated quarterly operating income from operations $7.6 million, compared to a loss from operations

of $2.0 million in the second quarter of 2010.

 Achieved record quarterly gold production of 20,111 ounces.

 Achieved record-low total cash costs of $820 per ounce of gold sold.

 Realized a record cash operating margin of $655 per ounce of gold sold.

 Achieved record average mill throughput of 1,260 tons per day.

 Reported a total and comprehensive loss of $4.0 million, or $0.01 per share.

 Cash and cash equivalents balance of $37.7 million as at June 30, 2011.

 Appointed Mr. Jeremy Link as Vice-President, Corporate Development. Promoted Eric Setchell to Mine

General Manager.

 Appointed two experienced directors to the Board of Directors, Mr. Michael Anderson and Mr. Stephen

Harapiak.

 Achieved a new safety milestone of 500,000 man hours without a lost time accident

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