Signal Gold Inc. announced that it has commenced exploration work at the Stewart target approximately 10 kilometres northwest of the Goldboro Deposit and planned mine and mill infrastructure at the Goldboro Project in Nova Scotia, Canada ("Goldboro", or the "Project"). Recently staked by the Company, the area has quickly become a high priority growth target within its extensive exploration land package of approximately 27,200 hectares (272 km2) in the historic Goldboro Gold District. The Stewart target comprises a 10 by 4-kilometre area of combined gold, antimony, and tungsten till anomalies that is centered on two large granite intrusives that, along with adjacent sedimentary rocks, have potential to host poly-metallic skarn mineralization.

Information from the recently completed airborne geophysical survey has outlined a 4-kilometre-long zone of highly magnetic rocks at the terminus of the till anomaly that forms a compelling exploration target. Additionally, initial prospecting has located numerous quartz-vein boulders throughout the target area, as well as historic undocumented trenches that require follow-up exploration. Historic samples taken within the target region demonstrate gold in till values ranging from 0 to 7,000 parts per billion ("ppb") gold, with 20 of these samples assaying above 220 ppb gold within the target area.

Using this information, the Company is planning a program of geological mapping and prospecting, soil and till geochemistry, as well as targeted ground geophysical surveys to identify specific drill targets. The Stewart target covers an area of historic till sampling from 1986- 1988 by Seabright Resources Inc. which defined a combined gold, antimony, & tungsten till anomaly over a 10 by 4-kilometric area. Of the 497 historic samples taken within the region, gold in till values ranged from 0 to 7,000 ppb gold, with 24 of these samples assaying above220 ppb gold (95th percentile) of which 20 samples lie within the target area.

Compilation of Seabright Resources Inc. Till and Soil Geochemical Data by the Nova Scotia Department of Natural Resources over the Meguma Terrane, Nova Scotia, 1986-1989". The Qualified Person has not completed sufficient work to verify these results. Rock samples and drill hole data were compiled from historic assessment reports made available from the Nova Scotia Department of Natural resources and Renewables online NovaScan Database.

The Qualified Person has notpleted sufficient work to verify these results".