Labrador Gold Corp. announced results from recent drilling targeting the highly prospective Appleton Fault Zone. The drilling is part of the Company's 100,000 metre diamond drilling program at its 100% owned Kingsway Project.

The latest results include holes drilled at the NE extension of Big Vein, Knobby and a follow up hole in the new HM occurrence. Hole K-23-309 drilled at Big Vein intersected several intervals over the length of the hole including: · 10.63 g/t Au over 5.9 metres from 139.1 metres downhole that included 46.72g/t over 1 metre in the Big Vein Zone · 1.41g/t Au over 2 metres from 251 metres and · 2.2g/t Au over 8.3 metres from 282 metres that included 12.07g/t Au over 0.8 metres in the HTC Zone. The hole extended both zones by 25 metres along strike to the northeast.

Hole-24-336 followed up the initial intersection at HM (38.37g/t Au over 0.8 metres) with a 25 metre step out to the northwest and intersected near surface mineralization grading 9.29g/t Au over 1.38 metres from 60.62 metres that included 25.22g/t over 0.5 metres. Two follow up holes at Knobby intersected gold mineralization. Hole K-23-298 intersected 6.05g/t Au over 0.4 metres from 89.9 metres, and hole K-23-310 intersected 8.04g/t Au over 0.6 metres from 80.9 metres.

Almost 92,000 metres have been drilled to date out of the 100,000 metre program. Assays are pending for 4,000 samples. The Company has approximately $7 million in cash.