Expedition Mining Acquires Three Nevada Gold Properties

Expedition Mining Inc. (TSX VENTURE:EXU) (the "Company") is pleased to announce
it has entered into two option agreements with Nevada prospector, Larry
McIntosh, to acquire a 100% interest in three gold exploration properties
located within the Walker Lane Mineral Belt. The properties are the Slate
Mountain in Churchill County; and Jenny Hill and Black Hills in, Mineral County,
Nevada.


President and chief executive officer, Ron Atlas, states, "These highly
prospective properties are located in the State of Nevada which is consistently
rated as one of the top ten jurisdictions worldwide for encouraging mining
investment. Nevada hosts many world class gold deposits being exploited by major
mining companies. The recent acquisition of Fronteer Gold Inc by Newmont for
$2.3 billion demonstrates that junior companies conducting sophisticated and
diligent exploration in Nevada can still make significant discoveries. We hope
to emulate Fronteer."


SLATE MOUNTAIN PROPERTY

This property consists of 23 unpatented lode claims covering approximately 473
acres (190 hectares) and is 90 miles (145 kms) southeast of Reno, Nevada. The
claim block is approximately 15 miles (24 kms) north of the Rawhide mine, a
former open pit gold producer.


Rocks underlying the Slate Mountain claim block are part of an extensive
north-south-trending, east-dipping metamorphic complex exposed over a distance
of two miles (3.2 kms) along the eastern edge of the Slate Mountain range.
Numerous anomalous gold values to 8.3 grams per tonne accompanied by up to 17%
Cu have been collected from rock chips from the property. Several other elements
are also highly anomalous with one outcrop sample reporting values of 5.4 grams
per tonne gold, 246 ounces per tonne silver, 54 per cent lead, 830 parts per
million (ppm) zinc, 1 per cent bismuth and 0.7 per cent copper.


A small circular granodiorite stock that crops out north of the claims is host
to a set of narrow east-west-striking quartz-carbonate veins and veinlets
containing chalcopyrite and molybdenite. Additionally, there is a past tungsten
producer located approximately 1,000 feet (300 metres) north of the claim block.


The Slate Mountain claim block has never been drilled prior to Expedition's
acquisition and the company plans on conducting exploration on the property in
the winter months as weather permits.


JENNY HILL PROPERTY

This property consists of 25 unpatented lode claims covering approximately 515
acres (208 hectares) and is located 100 miles (161 kms) southeast of Reno,
Nevada.


The Jenny Hill property is a sediment-hosted target and contains numerous gold
values ranging up to 2.7 grams per tonne accompanied by a strong trace element
geochemical signature indicating Carlin-style mineralization. Anomalous arsenic,
antimony and mercury values are present in in 259 rock chip samples with mercury
as high as 35 parts per million (ppm), arsenic up to 5,000 ppm and antimony
values up to 355 ppm. Alteration types include strong silicification and
well-developed hematite staining, decalcification and argillization along the
west and northwest base of the hill where higher gold values are concentrated
and where the sediments were originally more calcareous.


Host rocks include Triassic age thin-bedded calcareous to siliceous siltstone,
conglomerate and narrow impure limestone beds intruded by a swarm of feldspar
porphyry dikes and sills. Jenny Hill is bordered on the east by an extensive
area of Tertiary age ash-flow tuff and a rhyolite dome complex.


There exists a strong magnetic high underlying the covered pediment west and
northwest of the hill. Of the 174 samples collected from the western portion of
Jenny Hill, the maximum gold value was 2,710 ppb with 2.5 ppb the minimum and a
mean value of 260 ppb. The elevated gold numbers and low Ag/Au ratio, coupled
with the mineralogy and alteration style, indicate that Jenny Hill is highly
prospective for a sediment-hosted gold occurrence. Limited exposures of the
gold-bearing material suggest the mineralization continues beneath covered areas
which have not been tested to date.


BLACK HILLS PROPERTY

This property consists of 43 unpatented lode claims covering approximately 886
acres (358 hectares) and is approximately 100 miles (161 kilometres) southeast
of Reno, Nevada. The property is located about two miles south of the Black
Hills property. The property is situated on a major strand of the Walker Lane
Fault and is midway between the past-producing Rawhide and Paradise Peak open
pit gold mines in northeastern Mineral County.


The Black Hills property is considered to be an intrusion-related Cu-Au
exploration target with widespread metallization and hydrothermal alteration
indicative of an Iron Oxide Copper Gold (IOCG) system. Copper values to 6.8 per
cent and gold values to greater than 100g/t occur in a variety of settings
including skarn, mineralized dikes, stockwork veining and a set of multiple flat
veins offset by a later generation of high-angle veins. Host rocks on the
property include Triassic-age siliceous siltstone, calcareous siltstone and
massive limestone overlain by a flat-lying diorite sill and intruded by an array
of dikes, sills and stocks.


The Black Hills property contains several large zones identified by soil and
rock chip sampling that report highly anomalous copper and gold mineralization.
This property is located in a region of Nevada where exploration work may be
completed on a year-around basis.


Expedition's disclosure of a technical or scientific nature in this press
release has been reviewed and approved by James Chapman P.Geo, who serves as a
qualified person under the definition of National Instrument 43-101.


The Slate Project Agreement

The Slate Project agreement (the "Slate Agreement") with Larry L. McIntosh and
Susan K. McIntosh (the "Owners") calls for lease payments to be made as follows:




Date                     Payment Amount    
-------------------------------------------
March 1, 2012            $10,000.00        
September 1, 2013         15,000.00         
September 1, 2014         20,000.00         
September 1, 2015         25,000.00         
September 1, 2016         30,000.00         
September 1, 2017         35,000.00         



and $35,000 on September 1 of each subsequent year, until the expiry of the
lease on August 31, 2022.


Under the Slate Agreement, Expedition has the option to acquire 100% ownership
of the mining claims, subject to a 2% NSR reserved for the Owners. In order to
exercise its option under the option agreement and acquire the claims, the
Company must make a payment of $250,000 at any time before August 31, 2022.


The Jenny Hill and Black Hills Agreement

The Jenny Hill and Back Hills agreement (the "JH & BH Agreement") with Larry L.
McIntosh and Susan K. McIntosh (the "Owners") calls for lease payments to be
made as follows:




Date                     Payment Amount 
----------------------------------------
March 1, 2012            $20,000.00     
September 1, 2013         20,000.00      
September 1, 2014         25,000.00      
September 1, 2015         30,000.00      
September 1, 2016         35,000.00      
September 1, 2017         40,000.00      



and $40,000 on September 1 of each subsequent year, until the expiry of the
lease on August 31, 2022.


Under the JH and BH Agreement, Expedition is granted the option to acquire 100%
ownership of the two groups of mining claims which comprise the property, namely
the Black Hill claim group and the Jenny Hill claim group, subject to the 2% NSR
reserved for the Owners. In order to exercise its option under the option
agreement and acquire the claims, the Company must make a payment of $250,000
for either the Black Hills claim group or the Jenny Hill claim group, OR a
payment of $400,000 for both groups of claims at any time before August 31,
2022.


Shares

In consideration of the Mining Lease and Option Agreement, Expedition shall
issue and deliver to the Owners 50,000 common shares on signing and 50,000
common shares on or before September 1, 2013.


NSR

The Slate property is subject to a 2% NSR. Expedition has the option to purchase
one-half (1/2) of the Royalty representing one percent (1%) of the Net Smelter
Return for a purchase price of One Million Dollars ($1,000,000.00).


The Jenny Hill and Black Hills properties are subject to a 2% NSR. Expedition
has the option to purchase one-half (1/2) of the Royalty representing one
percent (1%) of the Net Smelter Return for a purchase price of One Million
Dollars ($1,000,000.00).


The transactions are subject to regulatory approval.

Expedition Mining Inc. (TSX VENTURE:EXU) is a publicly held Canadian exploration
company focused on acquiring, exploring and developing gold properties located
in favourable geo-political climates. The company is led by a highly skilled,
experienced board and management team with significant successes in managing
early stage mineral exploration companies. For additional information concerning
Expedition Mining Inc. or its various exploration projects please visit
Expedition's website at www.expeditionmining.com.


CAUTION REGARDING FORWARD LOOKING STATEMENTS:

This news release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "can", "could", "would", "might" or "will be
taken", "occur" or "be achieved". Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Expedition
Mining to be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks related to the
exploration and potential development of the Brew property, the actual results
of current exploration activities, conclusions of economic evaluations, changes
in project parameters as plans continue to be refined, future prices of gold.
Although Expedition Mining has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
Expedition Mining does not undertake to update any forward-looking statements
that are incorporated by reference herein, except in accordance with applicable
securities laws.


ON BEHALF OF THE BOARD: 

Ronald Atlas, President & Chairman of the Board

Expedition Mining Inc.

Standard & Poor's Listed

Issued Share Capital: 56,710,318