Laurentian Goldfields Completes Phase I Drill Program at Van Horne Property, Ontario

Laurentian Goldfields Ltd. (TSX VENTURE:LGF) ("Laurentian" or the "Company") is
pleased to announce final assay results from the Phase I diamond drill program
at the Van Horne property, located 8 kilometres (km) southwest of Dryden,
Ontario.


The 2,500 metre (m) drill program targeted the Flambeau zone, the westernmost of
a series of gold targets along a 5 km gold trend at the Van Horne property.
Phase I drilling at the Flambeau zone returned near-surface mineralization with
drill hole VH11-006 intersecting 33 m averaging 0.73 g/t gold, and a second
11.62 m interval averaging 1.34 g/t gold. Approximately 300 m to the west, drill
hole VH11-002 intersected 15.27 m averaging 0.71 g/t gold, and a second 16.57 m
interval averaging 1.06 g/t gold.


"We are very encouraged by this first phase of drilling targeting bulk tonnage
gold at the Van Horne property," states Darin Labrenz, P.Geo., President and CEO
of Laurentian. "Drill results support the presence of a large, near surface,
intrusive centered, robust hydrothermal system at Flambeau, with mineralized
quartz-ankerite stockwork development along a 600 m strike length. Flambeau
drill results provide an excellent basis for continued exploration and drilling
at the Van Horne Property."


The Flambeau Zone is a gold-bearing quartz-ankerite-tourmaline stockwork,
comprised of a combination of shear and extension vein arrays, which has now
been intersected by a series of broadly spaced holes along a strike length of
approximately 600 m. A total of 10 holes were completed targeting known surface
mineralization as well as geochemical anomalies along strike to the east. Holes
were drilled from north to south at inclinations of approximately -45 degrees.


Results

A complete list of assay results for Laurentian's Phase I program are summarized
in Table 1 below. All intervals are core length intervals, and not necessarily
true width. A drill hole plan and representative sections can be viewed on the
Company's website at www.laurentiangoldfields.com.




     TABLE 1. 2011 VAN HORNE DRILL HOLE RESULTS     
----------------------------------------------------
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                                  Interval        Au
Hole              From        To        (m)     (g/t)
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VH11-001         21.94     41.00     19.06      0.49
----------------------------------------------------
And              69.40     71.24      1.84      1.37
----------------------------------------------------
And             110.58    112.54      1.96      1.61
----------------------------------------------------
including       110.58    110.86      0.29      8.99
----------------------------------------------------
And             147.72    149.00      1.28      0.95
----------------------------------------------------
----------------------------------------------------
VH11-002         60.00     61.00      1.00      1.38
----------------------------------------------------
And             107.00    108.22      1.22      1.65
----------------------------------------------------
And             174.58    189.85     15.27      0.71
----------------------------------------------------
And             232.43    249.00     16.57      1.06
----------------------------------------------------
Including       233.10    233.84      0.74      6.95
----------------------------------------------------
Including       235.22    235.41      0.19     30.40
----------------------------------------------------
Including       246.77    247.10      0.33     13.00
----------------------------------------------------
----------------------------------------------------
VH11-003          3.00      4.00      1.00      1.12
----------------------------------------------------
And             143.00    144.00      1.00      1.16
----------------------------------------------------
----------------------------------------------------
VH11-004         87.00     88.00      1.00      7.37
----------------------------------------------------
And             134.00    139.74      5.74      0.59
----------------------------------------------------
And             188.00    201.72     13.72      0.60
----------------------------------------------------
including       192.43    193.00      0.57      7.74
----------------------------------------------------
And             191.00    193.00      2.00      2.82
----------------------------------------------------
----------------------------------------------------
VH11-005        266.00    271.75      5.75      0.32
And             288.65    289.65      1.00      3.77
And             306.38    334.46     28.08      0.41
And             317.00    319.00      2.00      1.07
----------------------------------------------------
VH11-006         12.43     45.50     33.07      0.73
----------------------------------------------------
Including        36.70     45.50      8.80      1.71
----------------------------------------------------
And              62.93     74.55     11.62      1.34
----------------------------------------------------
And              95.70     98.83      3.13      0.70
----------------------------------------------------
And             158.90    168.00      9.10      0.38
----------------------------------------------------
And             178.00    183.00      5.00      0.40
----------------------------------------------------
----------------------------------------------------
VH11-007         18.15     24.65      6.50      1.63
----------------------------------------------------
Including        20.00     20.70      0.70      6.17
----------------------------------------------------
And              89.26    101.00     11.74      1.17
----------------------------------------------------
Including        97.94    101.00      3.06      2.66
----------------------------------------------------
And             107.93    110.00      2.07      0.94
----------------------------------------------------
----------------------------------------------------
VH11-008         11.78     16.00      4.22      0.33
----------------------------------------------------
And              57.73     59.22      1.49      1.47
----------------------------------------------------
And              92.57     93.59      1.02      3.85
----------------------------------------------------
And             135.27    141.00      5.73      0.40
----------------------------------------------------
----------------------------------------------------
VH11-009          3.00      4.00      1.00      1.63
----------------------------------------------------
----------------------------------------------------
VH11-010        143.50    145.00      1.50      6.20
----------------------------------------------------
And             270.00    276.17      6.17      0.69
----------------------------------------------------
And             333.00    334.50      1.50      1.70
----------------------------------------------------
----------------------------------------------------



Follow-up

Geological modeling of Flambeau drill results is underway. Modeling will
incorporate soil and rock geochemical data, alteration minerals, hyperspectral
image data and magnetic geophysical data previously acquired by Laurentian.
Results will be used to target additional drilling at Van Horne in early 2012.


Property Background

The Van Horne property is located 8 km southwest of Dryden, Ontario, and is road
accessible from Provincial Highway 502, which passes through the west end of the
property and connects approximately 8 km to the north with TransCanada Highway
17. Laurentian has the option to earn a 100% interest in the property.


Two past producing mines, namely the Bonanza Mine and Redeemer Mine, are located
on the property. In 2009, Laurentian's geological crew completed a program of
property-wide trench mapping and sampling, infill geochemical surveys (rock,
soil, lake sediment, spectral and petrographic), and an airborne magnetic
survey. Laurentian defined 3 distinct, drill-ready zones: Bonanza-Drake,
Flambeau and Gator. Channel samples at Bonanza-Drake returned high-grade assays
of 36.1 grams per tonne (g/t) gold over 0.5 metres (m), 19.8 g/t gold over 0.5
m, and 6.9 g/t gold over 0.5 m and grab samples up to 29.7 g/t gold. Select
channel and grab samples at the Flambeau assayed up to 24.8 g/t gold over 0.24 m
and 5.47 g/t gold respectively (see news release dated January 26, 2010).


Quality Assurance / Quality Control

Activation Laboratories Ltd., an ISO 9001:2000 accredited laboratory with sample
preparation in Dryden and assay facilities in Thunder Bay, Ontario, performed
all assaying for the Van Horne Project. Gold analysis was completed using
metallic screen on a 1,000 gram sample, with fire assay fusion performed on the
entire +100 mesh split, and two splits of the -100 fraction, followed by
gravimetric finish (1A4-1000). A final assay is calculated based on the weight
of each separated fraction, and the determined assay values. Additional
multi-element analysis was completed using a 4-acid digest package (TD-MS). In
addition to an internal laboratory quality control program, Laurentian maintains
a quality assurance and quality control program through the systematic use of
standards, blanks and duplicates.


The Van Horne drilling program and associated sampling and quality control
protocols were directed and supervised by Mr. Lengyel, P.Geo., Vice President
Exploration for Laurentian Goldfields Ltd., a Qualified Person pursuant to
National Instrument 43-101. The technical contents of this release were reviewed
and approved by Mr. Lengyel.


About Laurentian Goldfields Ltd.

Laurentian is a team of highly skilled exploration professionals focused on
discovery and growth in under-explored regions of mining-friendly jurisdictions.
Laurentian generates new projects by employing leading edge exploration concepts
and techniques. The Company advances these projects through use of its internal
technical team, extensive network of exploration industry specialists, and
engaging the financial support of major mining companies by way of exploration
alliances and joint venture agreements. Laurentian is committed to developing
shareholder wealth through identifying, acquiring and advancing high quality
exploration properties in Canada.


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.