Initial Inferred Resource of 257,300 Ounces (oz) of Gold (Au)

Initial Inferred Resource of 257,300 Ounces (oz) of Gold (Au) and
Indicated Resource of 138,100 oz Au Grading 2.09 grams/tonne (g/t) Au
and 2.12 g/t Au Respectively, at Preview SW Deposit 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/03/12 -- La Ronge
Gold Corp. (TSX VENTURE:LAR) is pleased to report an initial mineral
resource for the Preview SW deposit located in north-central
Saskatchewan. The resource estimate outlines inferred resources
containing 257,300 ounces of gold (3.71 million tonnes grading 2.09
g/t Au) and indicated resources containing 138,100 ounces of gold
(1.96 million tonnes grading 2.12 g/t Au) based on a 0.50 g/t Au
cut-off grade. The estimate was based on a total of 22,137 m of
drilling in 142 holes completed by both La Ronge Gold in 2012 and by
Cameco in the late 1980's. The core of the deposit was drilled on a
line spacing of 15 m, and the remainder of the zone was drilled at 30
m line spacing. Drill holes were collared at 5 to 20 m spacing along
these lines. The indicated and inferred mineral resource estimates
reported herein are contained within a resource-limiting open-pit
shell (based on a $1300/oz gold price) along 400 metres (m) of strike
and to a depth of 200 m.  
Rasool Mohammad the Company's President and CEO, comments "Our
initial resource estimate gives the Company an excellent foundation
to build from. The open pit resource grades have met our expectations
and the Preview SW deposit remains open along strike and to depth,
providing excellent resource growth opportunities for the future. " 
Mineral resources base case estimate at a gold cut-off grade (COG) of
0.5 grams/tonne gold (g/t Au) follows: 


 
------------------------------------------------------------------------
                        Preview SW Gold Resources                       
------------------------------------------------------------------------
Category            COG g/t Au      Tonnes      Au g/t   Contained oz Au
------------------------------------------------------------------------
------------------------------------------------------------------------
INDICATED                  0.5   1,958,400        2.12           138,100
INFERRED                   0.5   3,714,600        2.09           257,300
------------------------------------------------------------------------

 
Sensitivity estimates around this base case to show the sensitivity
of the mineral resource estimate to changes in cut-off grades are
summarized in the table below. 


 
------------------------------------------------------------------------
                        Preview SW Gold Resources                       
------------------------------------------------------------------------
Category            COG g/t Au      Tonnes      Au g/t   Contained oz Au
------------------------------------------------------------------------
------------------------------------------------------------------------
INDICATED                  0.3   2,027,300        2.07           139,000
INFERRED                   0.3   3,880,600        2.01           259,600
INDICATED                  0.4   2,004,400        2.08           138,800
INFERRED                   0.4   3,825,600        2.04           258,900
------------------------------------------------------------------------
INDICATED                  0.5   1,958,400        2.12           138,100
INFERRED                   0.5   3,714,600        2.09           257,300
------------------------------------------------------------------------
INDICATED                  0.6   1,902,800        2.17           137,100
INFERRED                   0.6   3,613,300        2.13           255,400
INDICATED                  0.7   1,834,100        2.23           135,600
INFERRED                   0.7   3,478,700        2.19           252,500

 
Mineral resources are mainly constrained by 3D wireframes
representing zones of high shear intensity and grade continuity.
Beyond these zones a restricted search was utilized to estimate some
blocks within the surrounding diorite intrusive. An indicator kriging
interpolation was used to identify blocks with greater than 50%
probability of containing significant Au mineralization exceeding an
indicator threshold of 0.25 g/t. All other blocks were excluded from
the final grade estimation and assigned a 0 grade. 
Drill hole data was composited on 1 m down-hole intervals, and
composites were capped at levels of 28 g/t within the mineral zones
and at 20 g/t within the surrounding diorite. Final gold grades were
estimated using the inverse distance method to the 3rd power (ID3). 
Mineral resources are amenable to open pit mining methods and have
been constrained using a Lerchs-Grossmann optimized pit. Assumptions
used in the pit optimization include US$1,300/oz Au, 90% Au recovery,
$2.50/tonne mining cost, $2.00/tonne waste mining cost, $15.50/tonne
process and G&A cost. No allowances have been made for mining losses
and dilution. A pit slope angle of 45 degrees was used. 
Mineral resources have been classified using the definitions set out
in CIM (2010). Mineral resources have an effective date of December
03, 2012. The Qualified Person is Ronald G. Simpson P.Geo. 
Analyzed samples consisting of sawn drill core were analyzed by TSL
Laboratories in Saskatoon with fire assay techniques. A
representative suite of historical drill core was re-logged and
re-sampled using identical sample preparation and assay techniques at
TSL Laboratories in order that historical data could be reliably used
in the estimation of this resource. La Ronge Gold has implemented an
industry standard QA/QC program consisting of randomly inserting
standards, blanks and duplicates into the sample stream to ensure
assay accuracy and repeatability. 
The Preview SW deposit was discovered by SMDC, the predecessor
company of Cameco Corp., in the late 1980's. Structurally controlled
mesothermal lode gold is hosted in silicified zones spatially related
to quartz veins in a sheared dioritic-gabbroic intrusion and is
associated with sulphides. The zone of sheared diorite-gabbro sills
extends for 5200 m in a northeast-southwest direction across the
property and reaches approximately 200 m in width, and a number of
zones of gold mineralization including the Preview SW deposit are
hosted in this setting. Several sub-parallel northeast-trending shear
zones, totalling 150 m in width, make up the Preview SW deposit, and
these zones contain swarms of narrow quartz veins that bifurcate and
merge. The en echelon 1 to 10 m-wide shear structures are persistent
at depth and often merge in that direction too. The results of
Cameco's and the most recent drilling indicate that gold
mineralization is open in both directions along strike and down dip.
The Company's recent drilling also indicates that high grade gold
mineralization is also locally present in felsic volcanic rocks that
surround the diorite intrusion. 
The initial resource estimate was conducted by GeoSim Services Inc.
Ronald G. Simpson, P. Geo., of GeoSim is the Qualified Person as
defined under National Instrument 43-101 responsible for the resource
estimates. Gordon Davidson, P. Geol., VP Exploration for La Ronge
Gold is a "Qualified Person" for the purposes of National Instrument
43-101 and has verified the non-resource information disclosed in
this News Release. The technical report discussing this resource
estimation will be filed with SEDAR shortly and will be available for
viewing.  
About La Ronge Gold Corp. 
La Ronge Gold is a Vancouver-based rapidly advancing gold-resource
growth and development company, focused on the expansion of
high-grade gold deposits in one of Canada's emerging gold producing
regions, the La Ronge Gold Belt, northern Saskatchewan. The Company
has significant land positions (52,932 Ha. or 131,000 acres) in the
region. The Company also holds other gold projects located in
Ontario, Canada.  
FORWARD-LOOKING INFORMATION 
This News Release includes forward-looking information and
statements, which may include, but are not limited to, information
and statements regarding or inferring the future business,
operations, financial performance, prospects and other plans,
intentions, expectations, estimates, and beliefs of the Company.
Information and statements which are not purely historical fact are
forward-looking statements. Forward-looking information and
statements involve and are subject to assumptions and known and
unknown risks, uncertainties, and other factors which may cause
actual events, results, performance, or achievements of the Company
to be materially different from future events, results, performance,
and achievements expressed or implied by forward-looking information
and statements herein. Although the Company believes that any
forward-looking information and statements herein are reasonable, in
light of the use of assumptions and the significant risks and
uncertainties inherent in such information and statements, there can
be no assurance that any such forward-looking information and
statements will prove to be accurate, and accordingly readers are
advised to rely on their own evaluation of such risks and
uncertainties and should not place undue reliance upon such
forward-looking information and statements. Any forward-looking
information and statements herein are made as of the date hereof, and
the Company assumes no obligation and disclaims any intention to
update or revise any forward-looking information and statements
herein, or to update the reasons that actual events or results could
or do differ from those projected in any forward-looking information
and statements herein, whether as a result of new information, future
events or results, or otherwise. 
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:
La Ronge Gold Corp.
Rasool Mohammad, B.Sc. (Mining)
President & CEO
(604) 639-4533
info@larongegold.com
www.larongegold.com