Adventure Gold Closes a Private Placement

Adventure Gold Closes a Private Placement 
MONTREAL, QUEBEC -- (Marketwire) -- 12/28/12 -- Adventure Gold Inc.
(TSX VENTURE:AGE) ("AGE", the "Corporation") announces the closing of
a non-brokered private placement offering (the "Offering"). In total,
the Company issued 1,025,000 flow-through shares at a price of $0.42
per share for gross proceeds of $430,500. 
In connection with the Offering, the Company didn't pay any finder's
fee. All securities issued in the Offering will be subject to a four
month hold period from the closing date ending on April 29, 2013.
Directors and Officers of the Company participated in the Offering
for total proceeds of $73,500. The proceeds of this offering will be
allocated to exploration work on the properties of the Company in
The Corporation is a mineral exploration company focused on
discovering and developing high-quality gold deposits in the Abitibi
region located in eastern Canada - one of the richest gold mines
areas in the world. The Corporation has become, in a few years, an
important player in the mining exploration industry with one of the
best portfolio of exploration properties along the main gold-bearing
structures of the Abitibi Greenstone Belt. The Company is exploring
mainly close to gold mines where the mining production
infrastructures are already existent, which distinguishes it from
several other exploration companies. The Corporation's exploration
team are mining professionals having worked previously for
well-established producing companies and understand the industry
challenges. The Corporation owns 100% of the rights on its three main
projects namely: Val-d'Or East, Detour Quebec and Casa-Cameron. The
Val-d'Or East flagship project encompasses the Pascalis-Colombiere
property where Cambior Inc. (now IAMGOLD) was producing gold between
1989 and 1993 at the Beliveau Mine. Close to the former mine, the
Corporation recently discovered a significant new gold system and
works actively in its development. As disclosed in its latest
financial statements, the Corporation is well financed to apply its
business plan. 

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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. 
Marco Gagnon
President & CEO
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