Threegold Resources Inc.: $581,100 Non-Brokered Private Placement

November 14, 2011 -Threegold Resources Inc. (TSX VENTURE:THG) is pleased to
announce that it has completed a private placement for gross proceeds of
$581,100.


According to the terms of the placement, the company successfully raised
$581,100 by issuing 3,874,000 flow-through common shares at a price of $0.15 per
common share. All shares are subject to a four (4) month hold period expiring on
March 15, 2012.


In connection with the private placement the company paid a finder's fee of $15,000.

The proceeds of the private placement will be used for exploration expenses on
its current projects.


ABOUT THREEGOLD

Threegold Resources is actively pursuing gold discoveries on three projects in
prolific mining and exploration camps in Ontario and Quebec. The 100% owned
Adanac project is immediately adjacent to Gold Bullion's Granada discovery and
west of Osisko's 12M ounce deposit on the Abitibi belt. The South Bay Project
has yielded a significant surface discovery near Val-d'Or and the Company has
recently acquired land in the Shining Tree Camp on the western extension of the
Cadillac-Larder Lake Fault Zone. Management is evaluating opportunities to
create shareholder value with its recent Rare Earth Element discovery and its
Base Metal project in the Gaspe Peninsula.