Signal Gold Inc. announced that it has received the results of a 2,700-line kilometre airborne magnetic and very low frequency electromagnetic survey over its extensive land position in the Goldboro Gold District in Nova Scotia, which includes the Goldboro Project. VLF anomalies are known to form distinct, linear conductive-high response closely aligned with mineralization along the Goldboro Trend, and specifically the Goldboro Deposit. The results of the airborne survey indicate numerous VLF anomalies associated with both the Goldboro and Lower Seal Harbour Trends, a combined 51 kilometers of strike potential, including areas with little to no previous exploration work.

Based on the high-resolution magnetic and VLF data sets, the Company has initiated a geological mapping and prospecting program to further refine and test new targets and develop detailed exploration plans to ultimately drill test the highest priority targets. The airborne survey was designed to cover the entirety of the Company's recently expanded land position comprising approximately 19,450 hectares (194.5 km2) of prospective mineral exploration licences, with particular focus on the 28-kilometre strike length along the Upper Seal Harbour Anticline (the "Goldboro Trend") and the 23-kilometre strike length along the Lower Seal Harbour Anticline. The survey was completed by Terraquest Ltd. and comprised high-resolution aeromagnetics, horizontal gradiometer and matrix digital VLF electromagnetics.

The survey was flown at 100 metre north-south line spacing with one (1) kilometre tie lines. Compilation of historic geophysical data by the Company indicates that VLF forms a distinct, linear conductive-high response that is closely aligned with the hinge of the host anticline along the Goldboro Trend, including the host structure of the Goldboro Deposit. The Company has used this historic data, in conjunction with recent ground Induced Polarization (IP) surveys, to construct a robust model for regional exploration targeting.

This model has proved successful in its recent drilling west of the current resource model and towards the past producing Dolliver Mountain Gold Mine where multiple gold bearing quartz veins have been intersected.