New Guinea Exploration Update

  Vangold Resources Ltd ("Vangold") (TSX-V: VAN)
and its joint venture partner, New Guinea Gold Corporation ("NGG") are
pleased to announce plans for additional exploration on some of its key
projects:

* At Mt Penck (NGG 50, Vangold 50%) 1500 metres of drilling is planned commencing in April, with results available by June. Mt Penck is an eroded strata-volcano with gold mineralization associated with an intrusive complex. More than 80 holes and 6000 metres have been completed.

* Allemata (NGG 50, Vangold 50%) up to 1000 metres of drilling is planned, beginning in April. Two gold prospects lie within this historic goldfield. To date, 17 holes totalling over 2000 meters plus 2 km's of bulldozer trenches have been completed.

* Detailed geological summaries of Mt Penck and Allemata are being prepared for release.

To find out more about Vangold Resources Ltd. please visit our website at www.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by email [e-mail].

On Behalf of the Board of

VANGOLD RESOURCES LTD.

"Dal Brynelsen"

Dal Brynelsen, President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

Suite 1730, 650 West Georgia Street, PO Box 11622, Vancouver, BC, V6B 4N9

Phone: [phone] Fax: [phone] www.vangold.ca

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Contact: Dal Brynelsen 604-684-1974 Email Contact www.vangold.ca