Ironwood Gold Strikes Option Deal With Canadian Mining Company to Acquire up to 100% of San Bernardo Project

Ironwood Gold Strikes Option Deal With Canadian Mining Company to Acquire up to 
100% of San Bernardo Project 
SCOTTSDALE, AZ -- (Marketwire) -- 02/05/13 --   Ironwood Gold Corp.
(OTCQB: IROG) ("Ironwood" or the "Company") in the execution of its
business plan to develop a high quality portfolio of exploration
properties containing known deposits of gold is pleased to announce
that it has signed a definitive Option Agreement (the "Agreement")
with Canadian Mining Company Inc. ("CMC") (TSX VENTURE: CNG) to
acquire 100% of CMC's Raquel 3 and 3B mining concessions in the
Alamos Mining district of Sonora, Mexico (the "San Bernardo
Project"). The Option was granted by Canadian Mining through its
wholly-owned Mexican subsidiary Canmin Mexico S.A. de C.V. 
The Sonora region offers a wide range of mineral resources, both
metallic and nonmetallic, highlighting their large deposits of copper
and molybdenite, gold, silver, graphite, barite, tungsten, etc.,
which exploitation has placed Sonora as the number one mining state
in Mexico. 
Historically, Industrias Penoles, S.A.B. de C.V ("Penoles") operated
a portion of this site as the El Gochico mine. The reserves in late
1981 were listed as 500,000 proven with 185 g/t Ag, 9.81% Zn, 0.51%
Pb and .73% Cu. Another 3
01,000 tonnes of probable reserve @ 120 g/t
Ag, 8.2% Zn, 0.36% Pb and 0.59% Cu. A Possible Resource of 1,412,000
tonnes was also reported. Mining production ended in mid-1985 when
metal prices dropped and the mine closed. Mill production was
recorded at 12,000 tonnes per month with a total production of
540,000 tonnes. The infrastructure includes roads, transmission line,
drilling reports and mine development which cost Penoles
$17,000,000.00. This cost was recovered in the first 2.5 years of
production. 
The terms of the Agreement allow Ironwood Gold Corp. to acquire an
undivided 50% interest in CMC's San Bernardo Project through cash and
share agreements including exploration expenses as a part of a "First
Option Period." Ironwood will earn an additional 25% undivided
interest in the assets by incurring "Second Option" exploration
expenditures and Ironwood may acquire the remaining 25% ("Third
Option Payment") within two years of the second option through a cash
payment or equivalent in Ironwood Gold Corp. shares to Canadian
Mining Company Inc. subject to a 2% NSR in favor of Canadian Mining
Company Inc. 
Additional details regarding the Company and its agreements are filed
as part of the Company's continuous public disclosure as a reporting
issuer under the Securities Exchange Act of 1934 filed with the
Securities and Exchange Commission's ("SEC") EDGAR database. For more
information visit: www.ironwoodgold.com.  
About Ironwood Gold Corp. (OTCQB: IROG)
 Ironwood Gold Inc. is
building a high quality portfolio of exploration properties
containing known deposits of gold. Principally located in Nevada,
where 80% of all gold in America is produced today, Ironwood has
targeted several high probability locations historically prospective
for gold and silver in direct proximity to a number of major
producing companies. For more information visit:
www.ironwoodgold.com.  
About Canadian Mining Company Inc. (TSX VENTURE: CNG)
 Canadian
Mining engages in the exploration and development of precious and
base metals in the Alamos Mining District in Sonora, Mexico; gold and
silver in the Bullard Mining District in Arizona and in the
exploration, development and production of industrial minerals in
British Columbia, Canada. 
Notice Regarding Forward-Looking Statements
 This news release
contains "forward-looking statements" as that term is defined in
Section 27A of the United States Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
Statements in this press release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future. Such
forward-looking statements include, among other things, the
development, costs and results of new business opportunities. Actual
results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among
others, the inherent uncertainties associated with new projects and
development stage companies. These forward-looking statements are
made as of the date of this news release, and we assume no obligation
to update the forward-looking statements, or to update the reasons
why actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein and
should also refer to the risk factors disclosure outlined in our
annual report on Form 10-K for the most recent fiscal year, our
quarterly reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission. 
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. 
ON BEHALF OF THE BOARD 
Ironwood Gold Corp.
 Behzad Shayanfar, CEO 
Behzad Shayanfar
CEO 
USA Office
7047 East Greenway Parkway, Suite 250, 
Scottsdale, AZ,
 85254 
UK Office
2nd Floor, Berkeley Square House, 
Berkeley Square, London, UK, W1J 6BD 
Tel.: +1-888-356-4942
EMAIL: info@ironwoodgold.com 
WEB: www.ironwoodgold.com 
OTCBB: IROG