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Independence Gold Intersects 10.0 Metres Averaging 6.08 g/t Gold and 62.0 g/t Silver at 3Ts Project, BC

Independence Gold Intersects 10.0 Metres Averaging 6.08 g/t Gold and 62.0 g/t 
Silver at 3Ts Project, BC 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/29/13 --
Independence Gold Corp. (TSX VENTURE:IGO) ("Independence Gold" or
"the Company") is pleased to report assay results from a seventeen
hole, 3,949 metre ("m") diamond drilling program completed during
November 2012 on its 100% owned 3Ts Project. The 3Ts Project is
located approximately 185 kilometres ("km") southwest of Prince
George, British Columbia and situated 20 km southwest of the
Blackwater Project of New Gold Inc. For additional information,
please visit the Company's website at www.ingold.ca. Highlights from
the program include: 


 
--  A mineralized quartz-carbonate vein was discovered between the Ted Vein
    and the Mint Vein. These veins are all a part of the same mineralized
    vein structure, which has a total strike length of more than 900 m.  
--  The best drill intercept from this newly-discovered vein structure
    averaged 6.08 grams per tonne ("g/t") gold and 62.0 g/t silver across
    10.0 m including a 2.0 m intersection grading 28.50 g/t gold and 162.0
    g/t silver.

 
Ted - Mint Vein 
A mineralized quartz-carbonate vein was discovered in the gap between
the Ted Vein and the Mint Vein, where discovery drill hole TT12-64
intersected a vein grading 0.47 g/t gold and 60.3 g/t silver across
12.7 m. A further seven holes were drilled in this area to test for
the mineralized vein. The results of this drilling are listed below.
The best intercept averaged 6.08 g/t gold and 62.0 g/t silver across
10.0 m in hole TT12-71; this intercept includes 2.0 m grading 28.50
g/t gold and 162.0 g/t silver. This discovery indicates that the Ted
Vein and the Mint Vein are segments of the same mineralized vein
structure, which has a total strike length of more than 900 m. This
mineralized vein structure is open both at depth and along strike. 


 
----------------------------------------------------------------
                                       Drill                    
                  From        To   Intercept      Gold    Silver
Drill Hole         (m)       (m)      (i)(m)     (g/t)     (g/t)
----------------------------------------------------------------
TT12-64          124.
0     136.7        12.7      0.47      60.3
Includes         128.0     132.0         4.0      0.99     152.0
----------------------------------------------------------------
TT12-66           83.0     103.9        20.9      2.00     111.8
Includes         102.3     102.9         0.6     29.00     321.0
TT12-66          111.4     111.7         0.3      2.00      53.0
TT12-66          118.8     123.8         5.0      1.50      15.6
----------------------------------------------------------------
TT12-67           54.0      56.0         2.0      0.72       0.0
----------------------------------------------------------------
TT12-68                     No Significant Assays               
----------------------------------------------------------------
TT12-69                     No Significant Assays               
----------------------------------------------------------------
TT12-70          408.9     409.6         0.7      0.25      26.3
----------------------------------------------------------------
TT12-71          287.6     297.6        10.0      6.08      62.0
Includes         287.6     289.6         2.0     28.50     162.0
TT12-71          343.4     346.4         3.0      7.30     231.0
Includes         343.4     344.4         1.0     21.00     683.0
----------------------------------------------------------------
TT12-71          356.4     357.4         1.0      5.00       9.0
TT12-71          383.8     391.0         7.2      1.11      31.6
Includes         388.8     391.0         2.2      2.00      45.8
----------------------------------------------------------------
TT12-72          297.7     298.1         0.4      1.40       4.0
----------------------------------------------------------------
(i) All holes were drilled between -50 degrees and -60 degrees inclination  
and the veins have sub-vertical dips.                                       

 
Mint Vein 
Holes TT12-56 to TT12-63 inclusive were drilled in the Mint Vein
area. Two of these holes intercepted the lower Mint Vein, below a
gently dipping microdiorite sill that crosscuts the vertical vein
structure. The best intercept from the Mint Vein area grades 1.79 g/t
gold and 3.0 g/t silver across 2 m in hole TT12-60. The Mint Vein is
open at depth and along strike. 


 
----------------------------------------------------------------
                                       Drill                    
                  Fr
om        To   Intercept     Gold    Silver 
Drill Hole         (m)       (m)      (i)(m)     (g/t)     (g/t)
----------------------------------------------------------------
TT12-56           64.5      64.8         0.3      0.98       4.0
TT12-56           69.7     72.25        2.55      1.01       5.6
----------------------------------------------------------------
TT12-57                     No Significant Assays               
----------------------------------------------------------------
TT12-58            6.8       8.8         2.0      0.31      36.6
----------------------------------------------------------------
TT12-59            5.0      11.0         6.0      0.28      16.4
----------------------------------------------------------------
TT12-60          244.0     246.0         2.0      1.79       3.0
----------------------------------------------------------------
TT12-61          298.8     299.8         1.0      0.62      21.8
Includes         298.8     299.2         0.4      1.00      44.0
----------------------------------------------------------------
TT12-62                     No Significant Assays               
----------------------------------------------------------------
TT-12-63          26.6      27.9         1.3      1.96      17.1
Includes          27.6      27.9         0.3      7.39      74.0
TT12-63           48.4      48.8         0.4      3.46       5.0
----------------------------------------------------------------
(i) All holes were drilled between -50 degrees and -60 degrees inclination
and the veins have sub-vertical dips.                                       

 
Ted Vein 
Hole TT12-65 successfully intercepted the Ted Vein below the
crosscutting microdiorite sill. The Ted Vein remains open at depth. 


 
----------------------------------------------------------------
                                       Drill                    
                  From        To   Intercept      Gold    Silver
Drill Hole         (m)       (m)      (i)(m)     (g/t)     (g/t)
----------------------------------------------------------------
TT12-65          323.0     333.5        10.5      0.69      13.1
Includes         328.0     329.5         1.5      4.00      17.6
----------------------------------------------------------------
(i) All holes were drilled between -50 degrees and -60 degrees inclination
and the veins have sub-vertical dips.                                       

 
The 3Ts Project covers an epithermal quartz-carbonate vein system
within which more than 12 individual mineralized veins, ranging up to
20 m in true width, have been identified. Most of these veins have
not been delineated by diamond drilling, and are open both along
strike and at depth.  
A National Instrument 43-101 compliant inferred resource estimate has
been calculated for the Tommy, Ted and Mint veins. Using a 1 g/t gold
grade cutoff, the total Inferred Resource for these three veins is
3,614,072 tonnes grading 3.39 g/t gold and 85.15 g/t silver for
394,383 contained ounces of gold and 9,894,835 contained ounces of
silver (see news release dated January 20, 2012). This inferred
resource estimate does not incorporate results reported in this news
release. 
Well-mineralized vein float boulders at the Ringer Target area (as
described in the Company's NI 43-101 technical report filed on SEDAR
December 23, 2011) and in other parts of the property indicate
potential to discover new mineralized veins within the 3Ts Project
area.  
An exploration program including diamond drilling is currently being
planned for the 3Ts Project, and will commence mid February 2013.  
David Pawliuk, P.Geo., the Company's Qualified Person, as defined by
NI 43-101, for the 3Ts Project has reviewed the technical information
in this news release. 
INDEPENDENCE GOLD CORP. 
Randy Turner, President 
Neither the 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. 
Contacts:
Independence Gold Corp.
Investor Relations
604-687-3959
604-687-1448 (FAX)
info@ingold.ca
www.ingold.ca