Viking Gold completes non-brokered private placement to finance summer exploration program

The proceeds of the offering will be used to carry out an estimated $250,000 summer field program on its Viking Gold property situated 65 miles northwest of Yellowknife, NWT. The program includes over 1000 meters of diamond drilling in at least six holes. The program will concentrate on testing geochemical/geophysical anomalous zones situated on the Viking property on what is considered the south-westerly extension of the Ormsby Zone owned by Tyhee Development Corp. Tyhee has publicly disclosed that the Ormsby Zone contains nearly 11 million tonnes of measured and indicated resources averaging 3.42 grams gold per tonne.

Viking management is very encouraged by the existence and extent of anomalous geochemical results in such a favourable structural setting on strike with an established gold deposit of economic interest. Field crews mobilized July 2nd and drilling is scheduled to commence by mid-month.

	    Neither TSX Venture Exchange nor its Regulation Services Provider (as
	    that term is defined in the policies of the TSX Venture Exchange) accepts
	    responsibility for the adequacy or accuracy of this press release.
	    

For further information

Robert Ginn, CEO at (416) 364-6244 ext. 227 or visit our website at: www.vikinggold.ca