San Gold Corp. to Release 2011 Financial and Operating Results

WINNIPEG, MANITOBA -- (Marketwire) -- 03/22/12 -- San Gold Corporation (TSX: SGR)(OTCQX: SGRCF.PK) senior management plans to host a conference call, March 29, 2012 at 11:00 am Eastern Time to discuss its 2011 financial results and to provide an update of the Company's operating, exploration, and development activities.

Participants may join the conference call by dialing 1 (877) 240-9772 or 1 (416) 340-8527 for participants outside of Canada and the United States. The conference call will also be available by webcast on the Company's website at www.sangold.ca.

A recorded playback of the conference call can be accessed after the event until April 13, 2012 by dialing 1 (800) 408-3053 or 1 (905) 694-9451 for calls outside Canada and the United States. The pass code for the conference call playback is 3604382. The archived audio webcast will also be available on the Company's website atwww.sangold.ca.


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. The Company employs more than 400 people and is committed to the highest standards of safety and environmental stewardship. San Gold is 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. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.



Contacts:

San Gold Corporation
George Pirie
President and CEO
1 (416) 214-0024

San Gold Corporation
Tim Friesen
Communications Director
1 (855) 585-4653
www.sangold.ca