San Gold Executive Vice President, Director Resigns

WINNIPEG, MANITOBA--(Marketwired - Oct 8, 2014) - San Gold Corp. (TSX:SGR)(OTCQX:SGRCF) ("San Gold" or the "Company") announced today that its Board of Directors has accepted the resignation of Dale Ginn as Executive Vice President and as a Director of the Company.

Mr. Ginn has been a Director since the Company acquired the Rice Lake Mine and related assets in 2005 and has held multiple senior management roles during this time, including President and CEO from its inception through 2010. Mr. Ginn remains a significant shareholder of the Company.

"Dale has been instrumental in the start-up and operation of the Rice Lake Mine Complex and in the discovery of the Hinge and 007 gold deposits which represent some of Manitoba's largest gold discoveries including the recently discovered 710 zone. On behalf of the Board, I would like to thank Dale for his important contributions and wish him well in his future endeavors," said Greg Gibson, San Gold's Chief Executive Officer.

About San Gold

San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. San Gold is listed on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".

For further information on San Gold, please visit www.sangold.ca.

Cautionary Note

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.