Threegold Resources Inc.: Drilling to Begin at Standard Gold

Threegold Resources Inc ("Threegold" or the "Company") (TSX VENTURE:THG) is
pleased to announce that exploration is about to commence on its Standard Gold
property under option to Bowmore Explorations Ltd ("Bowmore") (TSX
VENTURE:BOW)(FRANKFURT:0B5). The terms of the agreement can be found in the
press release dated Feb 14, 2011. 


During Phase One of the exploration program, approximately 3,000 meters will be
drilled in ten (10) diamond drill holes on the Standard Gold property located in
the Abitibi region of Quebec. The objective of the initial phase of drilling
will be to: 1) confirm some of the historical gold intersections near the
past-producing Standard Gold mine; and 2) test the host granodiorite intrusion
for possible extensions to gold mineralization along sections spaced 700 metres
apart. The intrusion, defined by previous drilling and the aeromagnetic
signature, is 4.8 km long and 150 to 250 metres wide. It hosts the Standard Gold
deposit and displays intense regional-scale carbonate alteration similar to the
context present at the historical Larder Lake gold camp in Ontario. 


Previous drilling around the Standard Gold mine (surface and underground holes)
suggests a potential for bulk tonnage gold mineralization around the
past-producing mine and along the granodiorite intrusion. Although only partial
assays are available for most historical holes, others were fully analyzed and
returned significant intersections. Highlights are summarized below. 




    Table 1: Historical drill hole results on the Standard Gold property    
                                                                            
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Hole No.              From (m)         To (m)     Length(i) (m)       Au g/t
                                                                            
232-3                     37.0          265.4             228.4         0.50
including                 79.1           79.8               0.7        10.30
including                129.3          129.9               0.6        12.10
including                255.1          255.7               0.6        10.90
                                                                            
234-1                      4.0          119.0             115.0         0.46
including                116.8          107.3               0.5         12.0
                                                                            
234-2                      0.0          123.2             123.2         0.48
including                120.8          121.4               0.6         14.4
                                                                            
234-4                     10.0          117.0             107.0         0.89
including                 18.7           19.2               0.5        20.30
including                 74.4           76.0               1.6        10.80
                                                                            
235-4                      0.0           10.0              10.0        21.47
including                  5.0            6.0               1.0       121.70
                                                                            
236-6                     16.7           46.8              30.1         1.81
including                 18.0           18.6               0.6        28.50
                                                                            
237-1                     37.6           94.4              56.8         0.59
                                                                            
237-3                      9.7          104.3              94.6         1.16
including                 25.1           25.6               0.5        55.80
including                103.8          104.3               0.5        41.60
                                                                            
238-4                     43.0           54.5              11.5        26.40
including                 52.2           54.0               1.8       161.50
                                                                            
SG-24                     10.4           83.1              72.7         0.57
including                 23.7           24.1               0.4        27.43
                                                                            
S-36                      39.4           76.0              36.6         0.90
including                 75.6           76.0               0.4        20.23
                                                                            
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(i)Drill length intercept                                                   



Neither Threegold nor Bowmore have verified the assaying quality or validity of
the historical gold intersections reported above. However, both companies
believe these results warrant disclosure and are relevant to the planning of the
upcoming drill program. 


Threegold has obtained all necessary agreements and permits for property access
and for the drilling work to be done on the targeted areas. Drilling will extend
into the winter season (after freeze-up) in order to access the swampy portions
of the property.


Mr Victor Goncalves, President and CEO of Threegold Resources, comments: "The
start of a new drill program is always exciting news and with the historical
results indicated here, we eagerly await the results of this program."


Standard Gold Property 

The Standard Gold property is located in Duverny Township some 19 km northeast
of the town of Amos, Quebec. It includes the Standard Gold mine, which operated
from 1935 to 1953 and produced an unreported quantity of gold. It has been the
subject of several historical exploration programs, including considerable
diamond drilling. Higher-grade gold mineralization occurs within a sheeted,
subvertical quartz vein system trending north-northeast, with a documented
minimum surface extent of 200 metres by 200 metres and a minimum depth of 250
metres. The vein system is hosted within intensely carbonate-altered
granodiorite wall rock, and historical drilling suggests this wall rock contains
low-grade gold mineralization. The vein system sits in a brittle granodiorite
intrusion displaying regional-scale carbonate (ankeritic) alteration. This
intrusion extends for about 4.8 kilometres within a regional shear zone at least
9 kilometres long and known to extend onto the adjacent Duverny (Bowmore)
property to the northwest. 


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
management with financing and public company expertise.  


Threegold aims to create shareholder wealth through the discovery of new
deposits with a focus on Canadian assets, mainly in Quebec. Threegold offers
investors a portfolio of high-quality exploration projects and the potential to
take part in a major discovery. 


With a strategic property portfolio and solid partnerships, like the one with
Osisko Mining Corporation, Threegold's goal is to discover a low-cost,
multi-million ounce gold deposit in Quebec.