Laurentian Goldfields Defines Bulk-Tonnage Gold Exploration Target at Van Horne Gold Property

Laurentian Goldfields Ltd. (TSX VENTURE:LGF) ("Laurentian" or the "Company") is
pleased to provide an exploration update for the Van Horne gold property,
located 8 kilometres southwest of Dryden, Ontario.


Flambeau Bulk-Tonnage Gold Discovery

In 2011 Laurentian conducted the Company's first drill program on the Van Horne
property, focusing on the Flambeau bulk-tonnage gold target, the westernmost in
a series of gold targets located along a 5 km long gold trend. Laurentian's 10
hole, 2,500 m drill program successfully confirmed the presence of broad and
continuous zones of near-surface gold mineralization at the Flambeau Zone (see
News Release dated September 29, 2011).


Gold mineralization at the Flambeau Zone occurs on the eastern edge of an
altered quartz diorite intrusive, returning assays up to 0.73 g/t Au over 33.07
m and 1.34 g/t Au over 11.62 m (Drill hole VH11-006). The Flambeau Zone has been
partially drill tested over strike and dip lengths of 600 m and 200 m,
respectively, and remains open in all directions. Geological, geophysical and
alteration studies indicate that the Flambeau Zone extends an additional 2 km
southwest of the 2011 drill area, where it is associated with a large
gold-in-soil geochemical and magnetic geophysical anomaly.


Emerging Bulk-Tonnage Exploration Target

Laurentian has developed a 3D geological model utilizing Leapfrog(TM) software
for the Flambeau Zone, which incorporates the results of the Company's drill
program, as well as those from 35 historic exploration holes in the Flambeau
area that were completed in the 1980s. Modeling includes the development of gold
grade shells from 0.1 g/t Au through to 1.0 g/t Au, and an analysis of gold
analytical results within individual grade shells. These models reflect partial
drill testing of 600 m of strike length and provide the basis for the
exploration target described in Table 1 below. The exploration target is located
within a footprint approximately 2.6 km long by 250 m in width and within 200 m
of surface. This target will be the focus for continued step out and infill
drilling in 2012.




        Table 1 - Flambeau Bulk-Tonnage Gold Exploration Target (i)       
                                                                            
----------------------------------------------------------------------------
Flambeau                                                           Contained
                           Tonnage Range                          Gold Range
                              (millions)  Gold Grade Range        (millions)
----------------------------------------------------------------------------
Projected Exploration                                                       
 Target                                                                     
(2.6km X 250m X 200m)        40 to 60 Mt  0.90 to 1.10 g/t     1.2 - 2.1 Moz
----------------------------------------------------------------------------
(i) The potential quantity and grade is conceptual in nature. There has been
    insufficient exploration to define a mineral resource and it is         
    uncertain if further exploration will result in the target being        
    delineated as a mineral resource.                                       



"We are very encouraged with the size potential of the bulk-tonnage Flambeau
gold zone," states Darin Labrenz, P.Geo, President and CEO of Laurentian. "Drill
results clearly indicate the presence of significant, widespread,
intrusion-related gold stockwork mineralization over a 600 m strike length, and
the fact that this zone appears to extend for an additional 2 km of strike
length is testament to the exploration upside of the Van Horne Property. The
Company is confident that additional drilling planned for 2012 will
significantly increase the size and tenor of the Flambeau Zone, as well as
confirm significant historic high-grade gold assays from a number of nearby
high-grade gold occurrences."


Multiple Lode Gold Targets - Vanlas, Drake and Bonanza Zones

The premise that a significant bulk-tonnage gold deposit exists on the Van Horne
property is a recent development and attributable to Laurentian's conceptual
geological modeling. Prior to the Company's modeling, the Van Horne property was
renowned for a multitude of shallow historic shafts, workings and trenches, over
four principle gold bearing structures that occur along a 5 km long east-west
trend.


The Vanlas target, located approximately 1 km to the east of the Flambeau Zone,
was one of a number of high-grade gold occurrences that achieved limited
production in the early 1900s, with two shallow exploration shafts developed on
the target. Little exploration was conducted in the area until a brief
resurgence in the 1980s, when a number of shallow drill holes were completed.
Three mineralized zones were delineated, resulting in a historic (non-compliant
to NI 43-101) resource of 55,000 tons grading 0.30 oz/ton Au(1). Highlights from
this drilling include:




--  13.7 g/t Au over 6.71 m (D-87-13) 
--   7.9 g/t Au over 3.75 m (D-87-12) 
--   6.9 g/t Au over 4.45 m (D-87-17)



The Drake target, also situated on the 5 km gold trend, is located approximately
2 km east of the Vanlas target. Previous channel sampling at the Drake target
returned assay results that include 36.1 g/t Au over 0.5 m, 19.8 g/t Au over
0.5m and 6.9 g/t Au over 0.6m, and grab samples up to 29.7 g/t Au.


In the Bonanza area, located over 1 km east of the Drake target, exploration
activities conducted by Laurentian have returned grab samples grading up to 33.3
g/t Au. A shallow (less than 100 m) 13 hole drill program at the Bonanza mine in
the early 1980's led to a historic (non-compliant to NI 43-101) resource of
4,834 tons grading 0.24 oz/ton Au(2). High-resolution aeromagnetic data acquired
by Laurentian has identified a series of linear fault structures that are
coincident with gold mineralization and geochemical anomalies throughout the 5
km gold trend.


(1) Historic resource prepared in February 1988 by Thomas Jollife for Power
Explorations Inc., and reported in assessment file 52F10NW0002. The assessment
is based upon a polygonal methodology on a long section, with a minimum width of
5 feet, and a block cut-off grade of 0.10 oz/ton. This assessment was considered
inferred in the original report, but has not been verified, is not being treated
as a current estimate, and should not be relied upon. Historic drill hole
intercepts are not true widths, and are also reported in the same assessment
file.


(2) Historic resource prepared in February 1981 by Ross Kidd for Van Horne Gold
Exploration Inc., and reported in assessment file 52F10NW0024. The assessment is
based upon a polygonal methodology on a long section, with no minimum width, and
no cut-off grade. This historic resource was not classified in the original
report, has not been verified, is not being treated as a current estimate, and
should not be relied upon.


Proposed 2012 Exploration Program

The Van Horne Property is Laurentian's principle exploration focus in 2012 (To
view the Van Horne Property Map visit
http://www.laurentiangoldfields.com/i/maps/Targets_March_2012.jpg). Laurentian
intends to complete an infill and step out drill program on the Flambeau Zone,
with the principle objective of expanding the bulk-tonnage gold zone identified
in 2011. Step out drilling will be primarily to the southwest, where the zone
has been traced over an additional 2 km. In 2012, the Company also intends to
conduct limited confirmatory and step-out drilling of historic (non-compliant to
NI 43-101) mineral resources at the nearby, high-grade gold Vanlas and Bonanza
zones.


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 Trans-Canada Highway
17. The property is situated in the emerging Western Wabigoon Subprovince, an
area known to host several major gold deposits. Two past producing mines, the
Bonanza Mine and Redeemer Mine, are located on the property.


Laurentian has the option to earn a 100% interest in the property, with
approximately $45,000 in exploration expenditure requirements remaining to earn
a 100% interest in 2,765 ha, and an option to earn a 100% interest in the
mineral and surface rights on the remaining 112 ha.


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. and a Qualified Person pursuant to National Instrument 43-101.


About Laurentian Goldfields Ltd.

Laurentian 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.