UrbanGold Minerals Inc. announced that it has received a detailed interpretation of the induced polarization ("IP") survey it recently completed on a portion of its 100%-owned Pallador property (the "Property") in the Troilus-Frotet area, Quebec. The IP survey was completed in the Regnault area, and along strike with and 400 metres south of Kenorland Minerals Ltd. ("Kenorland")drilling that has initially outlined their recent discovery and over ground where the Company had previously identified several gold anomalies in soil samples. The high-definition IP anomalies strongly correlate with the geochemical anomalies identified last month, and also with the locations of several gold- bearing boulders discovered by UrbanGold geologists that exhibit values up to 102 g/t Au. The data collected has permitted UrbanGold's exploration team to outline drill targets, for which permits have already been received. Planning for the Company's maiden drill program for the area is underway. The area where the targets have been identified is easily accessible via a dirt road which crosses the Property and is located only 2 kilometres from an all-weather road (Route-du-Nord).