Threegold Closes First Tranche of Private Placement

Threegold Resources Inc. ("Threegold" or the "Corporation") (TSX VENTURE:THG) is
pleased to announce the closing of the first tranche of the private placement
announced on July 6, 2012.


The Corporation successfully raised $510,300 by issuing 8,505,000 units at a
price of $0.06 per unit. Each unit is comprised of one (1) common share of the
Corporation and one half of one common share purchase warrant, each whole
warrant entitling the holder to purchase one (1) additional common share of the
Corporation at a price of $0.10 for a period of two (2) years following closing.
One insider, the president and CEO Victor Goncalves, participated for 700,000
units.


In connection with the private placement, a 7% finder's fee was paid for a total
of $3,255 and 54,250 broker's warrants were issued, each entitling its holder to
purchase one (1) additional common share of the Corporation at a price of $0.06
for a period of one (1) year following closing.


In accordance with applicable securities legislation, all securities issued in
connection with the private placement will be subject to a four (4) month and
one (1) day hold period following closing.


The net proceeds from this private placement will be used for general working
capital as well as for exploration on the properties of the Corporation.


Victor Goncalves, President and CEO of Threegold Resources Inc: stated "We are
pleased to have successfully closed this portion of the financing in this tough
market environment. This first tranche of the financing, along with a $400,000
reimbursement of tax credit related to resource significantly improve the
Company's financial position."


About Threegold 

Threegold has established itself as one of the premier exploration companies in
Quebec. The Corporation has a highly qualified technical team with extensive
exploration experience, including previous gold discoveries in Quebec, and a
management team with financing and public company expertise.


Threegold offers investors a portfolio of high-quality exploration projects
focussing on Canadian assets primarily in Quebec; and the potential to create
shareholder wealth through discoveries of new, low-cost multi-million ounce gold
deposits. 


Threegold's strategy is to mitigate shareholder risk through quality
partnerships of Osisko Mining Corporation and Bowmore Exploration. 


You can also visit our website: www.threegold.ca