Threegold Completes Airborne Geophysical Surveys Over Six of its Properties and Acquires a New Gold Property in Abitibi

Threegold Resources Inc (TSX VENTURE:THG) ("Threegold" or the "Company") is
pleased to announce the acquisition of the Marcotte gold project located some 45
kilometres northeast of Val-d'Or in the Barraute Township in the Abitibi region
of Quebec. The Company is also pleased to announce the completion of a heliborne
magnetic (MAG), and time domain electromagnetic (TDEM) survey over its Standard
Gold, Rousseau West, Rousseau East, Charlemagne and Marcotte projects in the
Abitibi region (see
http://media3.marketwire.com/docs/Abitibi_North_Claim_Area_v4.pdf), as well as a
MAG-TDEM and spectrometric survey over its Target A project in the Outaouais
region of Quebec. 


The Rousseau East and Rousseau West properties are 100% owned projects that are
on trend with the old Standard Gold mine and with the 3.6 kilometre-long,
aurifereous corridor defined by the last drill campaign carried out on Standard
Gold by Threegold's option partner Bowmore (see Press Release March 29th, 2012).


During April and May, Prospectair Geosurveys of Gatineau, Quebec; conducted a
total of 2,294 line kilometre survey over six Threegold properties representing
a total of 388 claims for about 174 square kilometres (Table 1). 


Table 1: 



----------------------------------------------------------------------------
Geological               Project                 Parameters                 
                                --------------------------------------------
Province                                Surface area                 Type of
                                    l-km        (ha) Claim Cells      Survey
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Abitibi Greenstone                                                          
Belt                    Rousseau                                            
Superior Province           West     621       5 033         126    MAG-TDEM
                                                                            
                        Rousseau                                            
                            East     188       1 609          39    MAG-TDEM
                        Standard                                            
                            Gold     425       3 473          79    MAG-TDEM
                     Charlemagne     395       2 846          50    MAG-TDEM
                        Marcotte     182         981          27    MAG-TDEM
                    --------------------------------------------------------
                       Sub-total   1 811      13 943         321            
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Grenville Province                                                 MAG-TDEM-
                        Target A     483       3 464          67SPECTROMETRY
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                     Grand-Total   2 294      17 406         388            
----------------------------------------------------------------------------



The MAG-TDEM surveys conducted over the Company's properties in the Abitibi
region (Standard Gold, Rousseau West, Rousseau East, Charlemagne and Marcotte
projects), are aimed to produce new high resolution, highly accurate data from
surface to a depth depending of the bulk conductivity of subsurface rocks and
their contained fluids, and were designed to identify conductive structures with
potential gold mineralization of quartz-carbonate type and associated within
shear zones or porphyry systems. The MAG-TDEM surveys will generate new
exploration targets alongside and outside of known historical occurrences,
further delineate the potential mainly for gold but also for silver copper and
zinc, and assist in structural interpretation of the geology and mineralization,
such as those recently released for our Standard Gold Project optioned by
Bowmore (see Press Release March 29th, 2012) or our South Bay Project (see Press
Release March 15th, 2012).


The MAG-TDEM and a gamma ray spectrometric survey conducted over the Target A
Project in the Outaouais region of Quebec has a twofold objective. The MAG-TDEM
survey is also aimed to produce new high resolution, highly accurate data from
surface to depth in identifying conductive structures with potential
mineralization for precious and base metals, whereas the gamma ray spectrometric
survey is aimed to identify highly radiometric units and related structures in a
sub-rounded syenite dominated composite intrusion, as well as further delineate
its potential for rare metals and rare earth elements. 


Due to the significance of surveys, the Company is rushing to compile the data
to determine the next phase of follow-up work. The data should be available in
the coming weeks.


Victor Goncalves, President and CEO of Threegold Resources Inc. stated: ''We are
pleased and very excited about the fact that preliminary TDEM results have
identified a number of significant anomalies that deserve further investigation
in underexplored areas and in order to confirm the extension of high grade gold
of already known and developed gold occurrences such as that now recognized on
Standard Gold".


The new Marcotte project consists of 27 map-designated cells covering a surface
area of about 10 square kilometres (981 hectares) adjacent to the small town of
Barraute in the Abitibi region of Quebec. Geologically, the Marcotte project
lies along the northeast trending Laflamme River Fault Zone which already
contains gold deposits, such as Vendome (Mogador) mine with historical reserves
(43-101 non-compliant) estimated at 848,000 tons at 1.9 g/t Au and 42.3 g/t Ag),
the Agnico Eagle Swanson Deposit (504,000 tons 1.93 g/t) and the Goldstone
Bartec (Ontex) Deposit (90,700 tons at 11.4 g/t Au). These deposits are all
located in a range distance of 5 to 15 kilometres of the Marcotte Property along
a NE-SW trend (see
http://media3.marketwire.com/docs/Abitibi_North_Claim_Area_v4.pdf).


The core of the Marcotte Property is underlain by the Barraute pluton, a
granodiorite ovoid intrusion (approximately 2.5 km in diameter) that contains 3
historical showings close to the contact with volcanic rocks of the Landrienne
Formation (Source: Sigeom MRNF NTS sheet 32C05). The Tri-Cor, Chevalier with
adjacent Zone Ouest and Valley (Currie-Mills) (see
http://media3.marketwire.com/docs/Abitibi_North_Claim_Area_v4.pdf) are
characterized by mineralized quartz veins and veinlets associated with shear
zones and felsic dykes within porphyritic granodioritic units of the Barraute
pluton. The mineralization is consistently disseminated and consists of various
quantities of pyrite, chalcopyrite, native gold or arsenopyrite along with
quartz, tourmaline or carbonate. The compilation of the historical work shows
that samples returned high-grade gold values in all showings (see
http://media3.marketwire.com/docs/Abitibi_North_Claim_Area_v4.pdf). Only a few
historical diamond drill holes were carried out on the Marcotte Property.


Under the terms of the agreement, Threegold made an early $10,000 cash payment
to conduct a due diligence of the Marcotte project. Threegold will acquire 100%
interest in the project by making an additional $15,000 cash payment and by
issuing 300,000 units (each unit consisting of one common treasury share and one
full warrant) within seven days after the date of approval by the regulatory
authorities. The deal will be subject to a 2% NSR ("Net Smelter Royalty") of
which 1% can be bought back for $500,000.


The terms of the deal also include the acquisition of a block of 11 claims
covering a surface of 626 hectares, which is contiguous to the Company's
Charlemagne property. A block of 21 additional claims covering a surface of
1,196 hectares was then map designated by Threegold. This now brings the
Charlemagne Project to a total of 50 claims covering a surface area of 28.5
square kilometers (2,846 hectares). 


Victor Goncalves, President and CEO of Threegold Resources Inc. stated: ''We are
pleased to have acquired this new gold play with high-grade gold occurrences in
our portfolio. The Marcotte project is part of our strategic and ongoing effort
to consolidate an already strong land position in a highly prospective gold
mining area".


Alain Berclaz, P.Geo, Vice-President Exploration for Threegold and a Qualified
Person under National Instrument 43-101, has approved the technical information
contained in this news release.


Regional map showing Threegold's new Marcotte Property and its other northern
properties in Abitibi may be consulted using the following link:
http://media3.marketwire.com/docs/Abitibi_North_Claim_Area_v4.pdf


About Threegold 

Threegold has established itself as one of the premier exploration companies in
Quebec. The Company 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 partnerships with
the likes of Osisko Mining Corporation and Bowmore Exploration. 


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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


Forward-looking statement: 

Except for statements of historical facts, all statements in this news release
regarding, without limitation, new project acquisitions, future plans and
objectives are forward-looking statement which involve risks and uncertainties.
There can be no assurance that such statements will prove to be accurate. Actual
results and future events could differ materially from those anticipated in such
statements.