Laurentian Goldfields Completes Drill Program at Goldpines South

Laurentian Goldfields Ltd. (TSX VENTURE:LGF) ("Laurentian" or the "Company")
announces that diamond drilling has been completed at the Goldpines South
property (the "Property"), located on Ontario Highway 105, approximately 35
kilometres (km) southeast of Red Lake, Ontario. The drill program, fully funded
by AngloGold Ashanti Ltd. ("AngloGold") under the terms of the Superior Alliance
(please see news release dated April 29, 2009), tested three of seven widely
spaced gold-in-soil geochemical targets recently defined by Laurentian within
the extensive SLF zone anomaly.


The 972 metre drill program consisted of three holes targeting three discreet
geochemical and geophysical anomalies within the 8 km SLF zone anomaly, located
on the west side of the Property. The three holes focused on widely spaced
targets, separated by 4.2 km and 2.3 km respectively, within the extensive
anomaly. Although drilling failed to intersect significant gold mineralization,
the Company is encouraged by the local presence of iron sulphides, weak
chloritic and potassic alteration. It is management's opinion that the four
additional anomalies within the 8 kilometre long SLF zone also warrant drill
testing. Further evaluation of drill results is ongoing and will be used to
guide the next phase of exploration on the Property.


The Goldpines Property

The 56,822 hectare Goldpines property hosts an extensive gold, arsenic and
antimony geochemical anomaly defined and staked by Laurentian along the contact
of the Uchi and English River Geological Subprovinces. The Property is
subdivided into two projects, namely the Goldpines North Joint Venture with
Kinross Gold Corporation and Goldpines South, which is 100% owned by Laurentian,
and subject to the terms of the Superior Alliance with AngloGold Ashanti Ltd. As
of December 31st, 2011, AngloGold Ashanti Ltd. has provided approximately $3.5
million in exploration funding under the Superior Alliance.


The technical contents of this release have been reviewed and approved by Mr.
Mark J. Pryor, Pr.Sci.Nat., Vice President Exploration for Laurentian Goldfields
Ltd., a Qualified Person pursuant to National Instrument 43-101.


About Laurentian Goldfields Ltd.

Laurentian Goldfields is a team of highly skilled and proven exploration
professionals focused on the acquisition, exploration and development of high
quality gold properties in Canada. The Company advances its prospective projects
through the use of its internal technical team, extensive network of exploration
industry specialists and by engaging the financial support of major mining
companies through exploration alliances and joint venture agreements. Laurentian
is committed to increasing shareholder value by exploring and advancing
properties that have the potential to host world class gold deposits.


ON BEHALF OF THE BOARD OF DIRECTORS,

Darin Labrenz, P.Geo., President and CEO

Some statements in this news release contain forward-looking information. These
statements include, but are not limited to, statements with respect to mineral
potential and planned exploration, development and production activities. These
statements address future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the statements.
Such factors include, among others, realized mineralization of properties and
the timing and success of future exploration, development and production
activities.