Osprey Gold Development Ltd. provided an update on the ongoing diamond drill program currently underway at the Goldenville Gold Project near Sherbrooke, Nova Scotia. Approximately 1,100 metres have been completed in 6 holes, with all drilling to date testing resource expansion in targets outside the known resource area of the Goldenville Main Zone. Key points: 1,100 metres of a planned 1,500 metre program completed in the vicinity of the Goldenville resource; along strike in both directions, as well as on the north and south limb of the Goldenville Anticline, Drilling will now shift to the Mitchell Lake Zone, 3.5 kilometres west of the Goldenville resource area to test additional near surface, disseminated mineralization targets, where approximately 500 metres of drilling are planned to begin to test the nearly 1 kilometre long geophysical anomaly, The program is focused on identifying near surface gold mineralization, expanding high grade vein hosted mineralization, and testing for additional lower grade disseminated gold within previously underexplored argillite sequences, Several batches of samples have been sent for gold and multi-element analysis; results will be reported as they become available. The Goldenville Gold Project ("Goldenville") is located within the Meguma Terrane, less than 20 kilometres from St. Barbara Limited's Cochrane Hill deposit, part of the recently-acquired Moose River Consolidated Project (formerly Atlantic Gold). Goldenville hosts a current NI 43-101 Inferred Resource of 2,800,000 tonnes at 3.20 g/t gold for 288,000 ounces of gold (2,800,000 tonnes at 4.96 g/t gold for 447,000 ounces of gold uncapped).