Crown Gold Confirms High Silver Assays at Black Warrior in Nevada

TORONTO, CANADA -- (Marketwire) -- 06/07/11 -- Crown Gold Corporation ('Crown') (TSX VENTURE: CWM) is pleased to announce that assay results from new sampling have confirmed silver values as high as 14.4 ounces per ton (496 grams/tonne) with 0.07 opt (2.4 g/t) gold over 0.6 meter in channel chip sampling on its Black Warrior property in Esmeralda County, Nevada. The work was undertaken to confirm the previous reports of grades of 20 opt (685 g/t) silver in hand sorted ore sent to the old Sunshine mill at Silver Peak in 1983.

A total of 35 rock chip channel samples were collected along lines oriented perpendicular, and parallel to, en-echelon, steeply dipping, NE striking, quartz veins exposed in a 60 x 20 m shallow open-cut. The quartz veins cut gently dipping, late Precambrian dolomites. Quartz veining also occurs parallel to bedding. The highest grade sample reported above was taken perpendicular to a copper-manganese stained vein outcrop exposed at the north-east end of the open cut. Adjacent 3 m channel samples assayed 0.91 g/t gold, 242 g/t silver and 0.33 g/t gold, 111 g/t silver, respectively, with highly anomalous copper-lead-antimony-zinc and other metals. Country rock dolomite samples without visible signs of quartz are generally barren. On the south-east side of the cut an interval of 22.5 m along strike averages 44.6 g/t silver in altered dolomite with widespread, minor quartz veining and manganese stained quartz stockwork.

The work strengthens the evidence for a steeply dipping vein target postulated in a 2008 report prepared by a qualified consultant. Previous RC drilling of vertical holes around the open cut were sub-parallel to steeply dipping structures. Angled core drilling of these vein targets will also provide subsurface information on the surrounding base metal rich stockwork, reported by another consulting geologist, as at least 250 m in length. This type of stockwork, with highly anomalous base and precious metals, is a signature of porphyry style mineralization. Detailed mapping and grid soil sampling is planned to further evaluate both high-grade vein as well as porphyry style mineralization and develop drill targets.

About Crown

On March 28, 2011 Crown announced signing a letter of intent with an arm's length private Canadian company, Argentium Resources Inc. ('Argentium'), to sell Crown's Monte Cristo, Sugarloaf and Blue Sphinx properties in Nevada for $16,000,000 total consideration, including $2,500,000 in cash and $13,500,000 securities. Crown will also receive 4,500,000 warrants and Argentium will commit to spend at least $10,000,000 on the Nevada properties within three years. Completion of a definitive agreement is expected this month with a closing date in July.

Crown has NI 43-101 compliant inferred resource at Monte Cristo of 3,158,347 tonnes at a grade of 3.02 g/t gold at a 0.5 g/t gold cut-off, a total of 306,000 ounces. At Sugarloaf Peak, the Tip Top Mine has a 43-101 compliant indicated resource of 353,100 tonnes at a grade of 3.27 g/t gold at a 1.0 g/t gold cut-off, a total of 37,000 ounces. In addition, an inferred resource amounts to 293,500 tonnes at a grade of 2.47 g/t gold, also at a 1.0 g/t cut-off, a total of 23,000 ounces.

One other Nevada property, Gold Springs, contains well-defined, essentially undrilled, silver and gold targets. There, silver values in surface rock samples range between 575 g/t (16.8 opt) and 350 g/t (10.2 opt) silver along a 4 km prominent vein outcrop. A second, poorly exposed sub parallel vein to the east, assays 33 g/t gold over a 1.3 m true width channel sample.

In Ontario, surface work is now proposed at McKenzie Island property at Red Lake to develop new drill targets. Drilling along the north west striking Bishops Break trend earlier this year yielded promising results, including 75 g/t (2.2 opt) gold over 0.91 m (3 feet). Crown's other northwest Ontario properties are its Sakoose property near Kenora and its Surprise Lake property in the Uchi Belt, east of Red Lake. In northeastern Ontario, Crown holds three other strategic land positions: one adjacent to Trelawney's Chester discovery near Gogama, another at the old Stairs Mine near Matachewan and a third in the heart of the Timmins camp. Field work on all properties is planned when exploration funds become available after the close of the Argentium purchase agreement.

Larry Kornze, Senior Consultant to Crown Gold and a registered Professional Engineer/Geologist, is designated as the Qualified Person under National Instrument 43-101 and has reviewed and approved the contents of this news release.

For more information please see the Crown website at www.crowngoldcorp.com.

This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward-looking statements reflect the current beliefs and expectations of management and are identified by the use of words including 'will', 'anticipates', 'expected to', 'plans', 'planned' and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward-looking statements.

Neither 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.

Contacts:

Crown Gold Corporation

Mr. Stephen Dunn

President and CEO

(416) 361-2827


Crown Gold Corporation

Dr. Anthony Taylor

Executive Chairman

(775) 284-7200
info@crowngoldcorp.com
www.crowngoldcorp.com