Laurentian Goldfields Samples 80.5 g/t Gold and Earns 100% Interest in Van Horne Gold Property

Laurentian Goldfields Ltd. (TSX VENTURE:LGF) ("Laurentian" or the "Company") is
pleased to announce it has satisfied expenditure requirements under the eight
option agreements that comprise the Van Horne Gold Property (the "Property"),
located 8 km southwest of Dryden, ON. Laurentian recently provided notification
to the Property vendors that it has incurred $1.6 million in exploration
expenditure requirements and has made all share and cash payments, successfully
earning a 100% mineral rights interest in 2,512 ha. Laurentian has the option to
earn a 100% interest in the surface and mineral rights on the remaining 365 ha,
subject to certain buyout payments. 


Exploration Update

Laurentian recently completed a Property-wide campaign of detailed structural
mapping and rock sampling to better understand the controls on mineralization
and constrain the location and style of high-grade gold mineralization at
surface. A total of 85 channel and grab samples were collected along the
Property's 5 km Gold Trend
(http://www.laurentiangoldfields.com/i/maps/Targets_March_2012.jpg), with a
focus on the Lost-League, Bonanza, Widow, and Ideal trends. The exploration
program returned numerous high-grade gold channel sample results from
quartz-ankerite-sulphide bearing veins located within historic and recent
trenches excavated along the gold trend. 


Highlights of the 2012 channel sampling program include:



--  80.5 grams per tonne (g/t) gold over 0.30 metres (m), 24.8 g/t gold over
    0.15 m and 21.3 g/t gold over 0.20 m at the Lost-League zone; 
--  7.93 g/t gold over 0.20 metres (m) from the Bonanza zone;



In addition to the above, structural mapping has been completed over the
bulk-tonnage Flambeau gold target at the western extent of the Gold Trend,
further refining the structural model in advance of the proposed 2012
exploration drill program.


Laurentian intends to initiate an infill and step out drill program on the
Flambeau Zone, with the principal objective of expanding the bulk-tonnage gold
zone identified in 2011 (please see news release dated March 29, 2012). Step out
drilling will be primarily to the southwest, where the zone has been traced over
an additional 2 km. The Company also intends to conduct confirmatory and step
out drilling of high-grade gold mineralization defined in recent comprehensive
surface work programs. 


Property Background

The 2,877 ha Van Horne Gold 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. Five
priority drill ready targets have been identified on the Property along a 5 km
long, east-west, Gold Trend including the bulk-tonnage Flambeau target and the
high-grade Vanlas, Drake/Good Luck and Bonanza/Redeemer targets. 


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 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 through the identification and acquisition of new
exploration opportunities and the advancement and growth of its current
portfolio of projects. 


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.