Z-Gold Amends the Expiry Date of the Warrants Issued on October 7, 2010 and October 13, 2010

Z-Gold Exploration Inc. (TSX VENTURE:ZGG) announces that its Board of Directors
has approved the extension of the expiry date of the 1,000,000 common share
purchase warrants issued on October 7, 2010 for three additional years. The
warrants will now expire on October 7, 2015 and the exercise price of $0.26
remains the same. This modification is subject to approval of the TSX Venture
Exchange. 


None of these warrants has been exercised and insiders of the Company do not
hold any of them.


Z-Gold also announces that its Board of Directors has approved the extension of
the expiry date of the 1,490,000 common share purchase warrants issued on
October 13, 2010 for three additional years. The warrants will now expire on
October 13, 2015 and the exercise price of $0.26 remains the same. This
modification is subject to approval of the TSX Venture Exchange.


None of these warrants has been exercised and insiders of the Company do not
hold any of them.


About Z-Gold Exploration Inc.

Z-Gold has as its flagship property the Abitibi Gold Property located in Munro
Township in the famous Timmins mining camp. There are many surface gold showings
that require investigation by ground geophysical surveys and followed up by a
diamond drilling program. A recent airborne survey has successfully outlined
many EM and magnetic structural features. A geophysical feature similar to the
Croesus mine has been identified. The Abitibi Gold Property consists of 112
claims located approximately 86 kilometres east northeast of the city of Timmins
in the Larder Lake Mining Division, Ontario.


Z-Gold Exploration Inc. is a publicly listed company trading on the TSX Venture
(ZGG).


This press release was prepared by Z-Gold Exploration Inc. Neither the TSX
Venture Exchange Inc nor its Regulation Services Provider (as that term is
defined in the Policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this release. 


This document may contain forward-looking statements relating to Z-Gold's
operations or to the environment in which it operates. Such statements are based
on operations, estimates, forecasts and projections. They are not guarantees of
future performance and involve risks and uncertainties that are difficult to
predict and may be beyond Z-Gold's control. A number of important factors could
cause actual outcomes and results to differ materially from those expressed in
forward-looking statements, including those set forth in other public filling.
In addition, such statements relate to the date on which they are made.
Consequently, undue reliance should not place on such forward-looking
statements. Z-Gold disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, save and except as may be required by applicable securities
laws.