Gogold Resources Hires Dana Hatfield as Chief Financial Officer

/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/

Trading Symbol: TSX-V: GGD
Shares Issued: 128,288,331

HALIFAX, Oct. 9, 2012 /CNW/ - Terry Coughlan, President and CEO of GoGold Resources Inc. ("GoGold" or the "Company") (TSXV: GGD), is pleased to announce that Mr. Dana Hatfield, CA has been appointed Chief Financial Officer of GoGold effective October 1, 2012. Daniel Whittaker will assume the role of Executive Vice President and Chief Administrative Officer.

Mr. Hatfield brings over 15 years of progressive business experience with the past 5 years having a focus in mining in Canada and Mexico.

Terry Coughlan, President and CEO stated: "We are happy to welcome Dana to the GoGold team. His previous experience with producing companies in Canada and Mexico with multiple operating mines will fit well with where we see GoGold heading as a company. We thank Dan for his work as CFO bringing GoGold to this point. His new position will free him up to work together with me on various corporate initiatives as our company grows and assist Dana while he assumes the CFO position."

Mr. Hatfield has been awarded 300,000 incentive options exercisable at a price of $1.40 for a term of five years. One-third of the options will vest on each of the 12, 24 and 36 month anniversary of the grant date. In addition, 50,000 incentive options have been granted to consultants of the Company exercisable at a price of $1.40 for a term of five years. These options as well will vest one third on the 12, 24 and 36 month anniversary of the grant date.

CAUTIONARY STATEMENT:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 potential mineralization and reserves, exploration results, and future plans and objectives of GoGold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.  Important factors that could cause actual results to differ materially from GoGold's expectations are exploration risks detailed herein and from time to time in the filings made by GoGold with securities regulators.

SOURCE GOGOLD RESOURCES INC.