Here are 2 excerpts from a NR last Aug 31 2011.

1) The Tesoro Gold Project has demonstrated the potential for a “world class” gold discovery.

2)The initial exploration program on the Chance E Claim will consist of, but is not limited to, the interpretation of satellite imagery acquired to exact specifications and geological mapping and sampling. The program is scheduled to commence immediately.

1) I love this statement.

2) Notice the program was to commence immediately.

Here is an excerpt from April 16 2012 release;

1)Exploration work consisting of geological mapping and sampling, satellite imagery, as well as control grid emplacement will be commencing in the upcoming weeks.

1) I am kinda perplexed, I thought we should have had some samples or at least maps with the veins or structures on it they found at least, not to mention samples? But Lori couldn,t have been in reciept of sample assays because she traded up til May 28 th this year in IGD, and if I am not mistaken, there is an unclosed PP on the table that would prevent her from having material info in her hands now. The point I am trying to make is did IGD ever do any sampling of our Chance E property? Its been almost a year. I was counting on getting some info from the Chance E property whereas its along strike to the Main Corridor and the North Corridor.

http://canadianinsider.com/node/7?menu_tickersearch=IGD+%7C+Intigold+Mines

The 2 news releases I referenced are below.

News Release 2011-12
August 31, 2011

NEWS RELEASE

St. Elias Mines Ltd. – Options Strategic Claim Adjoining Tesoro to Intigold

Vancouver, B.C. August 31, 2011 Lori McClenahan, President and Chief Executive Officer, St. Elias Mines Ltd. (SLI -TSX:V) and Intigold Mines Ltd. (IGD – TSX:V), announces today that St. Elias has entered into an option agreement with IntiGold Mines Ltd. (“IntiGold”) whereby IntiGold can earn a 60% interest in the Chance E mineral concession (the “Chance E Claim”) which adjoins St. Elias’ wholly-owned Tesoro Gold Project located in southwestern Peru.

Chance E Claim

The Chance E Claim is a strategic claim that adjoins the southern end of the Tesoro Gold Project where St. Elias is currently drilling to delineate gold resources. The Tesoro Gold Project has demonstrated the potential for a “world class” gold discovery. Geological information, together with Titan 24 geophysical data and satellite imagery, confirms that structural lineaments which are coincident with gold mineralization on Tesoro Project extend onto the Chance E Claim.

The initial exploration program on the Chance E Claim will consist of, but is not limited to, the interpretation of satellite imagery acquired to exact specifications and geological mapping and sampling. The program is scheduled to commence immediately.

Option Agreement

Under the terms of the option agreement, IntiGold can acquire a 60% interest in the Chance E Claim (subject to a 1.5% NSR) in consideration of making cash payments of $500,000 to St. Elias, issuing 1,000,000 common shares in the capital of IntiGold to St. Elias and incurring $1,000,000 in exploration expenditures on the property over a three-year period.

IntiGold’s first year commitment under the option agreement is to pay $25,000 to St. Elias and incur $200,000 in exploration expenditures on the property.

“St. Elias continues to negotiate a variety of property deals that we are confident will create additional value for shareholders. The optioning of the Chance E Claim not only allows another company to fund initial exploration but will also provide valuable geological information regarding the Tesoro Gold Project area” states Lori McClenahan, President and Chief Executive Officer. “The aggressive drill programs at Tesoro for 2011 are aimed at revealing the discovery premiums that we feel are hidden in our substantial portfolio of quality gold properties.”

For additional information on St. Elias and IntiGold, please visit us at www.steliasmines.com and www.intigold.com or call 1-888-895-5522 (toll free US and Canada).

ST. ELIAS MINES LTD

(signed “Lori McClenahan”)

Lori McClenahan,
President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.

This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement.

April 16, 2012

NEWS RELEASE

CHANCE E MINERAL CLAIM, PERU

Phase 1 Exploration Program to Commence

Vancouver, B.C. April 16, 2012 Lori McClenahan, President and Chief Executive Officer, Intigold Mines Ltd. (IGD:V) and St. Elias Mines Ltd. (SLI:V) announces today exploration on the Chance E mineral concession (the “Chance E Claim”) which adjoins St. Elias’ wholly-owned Tesoro Gold Project located in south-western Peru will be commencing in the upcoming weeks.

Exploration work consisting of geological mapping and sampling, satellite imagery, as well as control grid emplacement will be commencing in the upcoming weeks.

Chance E Claim

The Chance E Claim is a strategic claim that adjoins the southern end of the Tesoro Gold Project where St. Elias is currently drilling to delineate gold resources. Geological information, together with Titan 24 geophysical data and satellite imagery, confirms that structural lineaments which are coincident with gold mineralization on Tesoro Project extend onto the Chance E Claim.

The initial exploration program on the Chance E Claim will consist of, but is not limited to, the interpretation of satellite imagery acquired to exact specifications and geological mapping and sampling. The program is scheduled to commence immediately.

IntiGold can acquire a 60% interest in the Chance E Claim (subject to a 1.5% NSR) in consideration of making cash payments of $500,000 to St. Elias, issuing 1,000,000 common shares in the capital of IntiGold to St. Elias and incurring $1,000,000 in exploration expenditures on the property over a three-year period.

IntiGold’s first year commitment under the option agreement is to pay $25,000 to St. Elias and incur $200,000 in exploration expenditures on the property.

“The board of directors of Intigold and St. Elias are excited to be initiating the exploration of the Chance E claim which is on strike to the numerous gold bearing veins occurring on the adjoining Tesoro Property.” states Lori McClenahan, President and Chief Executive Officer.

For additional information on Intigold Mines Ltd. and its projects, please visit us at www.intigold.com or call 1-888-895-5522 (toll free US and Canada). For information on St. Elias Mines Ltd. visit www.steliasmines.com or call 1-888-895-5522 (toll free US and Canada).

INTIGOLD MINES LTD. AND ST. ELIAS MINES LTD.

(signed “Lori McClenahan”)

Lori McClenahan,

President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.

This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement