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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: VIT Update Press Release After Friday Merger Vote

This just up on Kitco. To all the GTQ guys - Welcome!

NEWS RELEASE

Gateway Gold Corp. Announces Shareholder

Approval of Plan of Arrangement

November 28, 2008 SYMBOL: GTQ-TSX

Gateway Gold Corp. (GTQ-TSX)

(the “Company”) is pleased to announce that at the special meeting of

the Company today, the shareholders approved, by special resolution, the plan of arrangement (the

“Arrangement”) between the Company and Victoria Gold Corp. (“Victoria”). The Arrangement, will

result in shareholders exchanging all of the outstanding common shares of the Company for common

shares of Victoria on the basis of 0.50 of a Victoria common share for each common share of the

Company held.

The completion of the transaction is subject to court approval, following which the transaction is expected

to close on or about December 15, 2008.

For further information about the Company and its activities, please refer to the Company’s website at

www.gatewaygold.com

and under the Company’s profile at www.sedar.com

.

ON BEHALF OF THE BOARD

“Michael D. McInnis”

Michael D. McInnis, P.Eng.,

President and CEO

For further information contact: Website:

www.gatewaygold.com

Michael D. McInnis, President Raju Wani, Investor Relations – Tel: 403.240.0555

Tel: 604.801.6040 Ron Cooper, Investor Relations – Tel: 604.986.0112

The TSX does not accept responsibility for the adequacy or the accuracy of this release

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