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San Gold Confirms High Grade at Deep Rice Lake

San Gold Confirms High Grade at Deep Rice Lake 
WINNIPEG, MANITOBA -- (Marketwired) -- 11/20/13 -- San Gold
Corporation (TSX:SGR)(OTCQX:SGRCF) today provided updated drilling
results from its underground program on 26 Level of the Rice Lake
mine.  
Drilling results at the eastern extent of the 710 zone continue to
return high grade gold values over significant widths. This newly
discovered 710 HW zone is located in the hanging wall of the 710 zone
and is interpreted to be the down dip extension of the 007 zone. The
710 HW zone is within 100 metres of the new 26 level development and
is therefore easily accessible. Recent highlights include drill hole
614-13-023 which returned 23.8 g/t Au over 13.9 metres and drill hole
614-13-024 which returned 8.8 g/t Au over 26.9 metres.  
"We are extremely pleased with the success of the 710 HW drilling
program which continues to
 expand this zone of gold mineralization.
This zone represents an excellent opportunity to provide high grade
incremental mill feed and to increase overall grade going forward.
Capital expenditure to develop this region is expected to be minimal
as mining has already commenced," said Ian Berzins, San Gold's
President, CEO and Chief Operating Officer. 
Initial interpretation of the 710 HW zone indicates true thickness to
be between 30% and 70% of core length. This will be confirmed as
mining operations proceed in this region. The following table
provides recent highlights of this drilling. 


 
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                                                     Core                  
                                     From      To  Length Grade(i)    Depth
Hole Number                  Zone     (m)     (m)     (m)  (g/t Au)     (m)
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614-13-023                 710 HW    54.1    68.0    13.9      23.8    1156
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                        Including    57.7    63.2     5.5      53.3        
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614-13-024                 710 HW    71.2    98.1    26.9       8.8    1159
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                            Incl.    71.2    77.5     6.3      13.9        
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                            Incl.    82.8    89.6     6.9      14.7        
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                            Incl.    95.8    98.1     2.3      22.9        
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614-13-025                 710 HW    69.6    77.3     7.7       5.5    1184
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                            Incl.    69.6    71.7     2.1      13.5        
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614-13-026                 710 HW    32.7    44.2    11.5       8.7    1182
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                            Incl.    35.2    39.9     4.7      18.6        
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614-13-009(ii)             710 HW    72.2    73.6     1.5       9.5    1173
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                           710 HW    98.6   102.7     4.1      14.7    1173
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614-13-010(ii)             710 HW    19.2    21.3     2.1      12.8    1172
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                            Incl.    19.5    20.1     0.6      37.0        
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                           710 HW    51.1    57.3     6.1      31.8    1172
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                            Incl.    52.1    53.6     1.5      61.4        
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(i) Assay values are capped at 102.8 g/t Au (3 oz per ton Au). (ii)
Updated from November 4, 2013. 
The 710 HW zone is located at the eastern extent of known
mineralization at 26 Level of the Rice Lake mine and remains open to
the east and northeast. It was identified as part of the Company's
ongoing structural analysis to refine the its exploration model.  
Figure 1 at the end of this release provides a graphic illustration
showing an updated plan view of the 710 HW drilling. 
Figure 2 at the end of this release provides a graphic illustration
showing an updated section view of the 710 HW drilling. 
These figures can also be found on the Company web site
(www.sangold.ca) and on SEDAR (www.sedar.com).  
This program was carried out by San Gold mine geologists under the
supervision of Michael Michaud, P.Geo., the Qualified Person for San
Gold under National Instrument 43-101 who has reviewed and approved
this news release. Underground drill core samples are assayed on site
in the Company's assay lab using the fire assay method with an AA and
gravimetric finish. San Gold's quality control and assurance program
includes the insertion of standards, the retention of pulps and
rejects, and spot checks utilizing independent labs including
Accurassay Laboratories of Thunder Bay, ON and Acme Analytical
Laboratories Ltd in Winnipeg, MB.  
About San Gold 
San Gold is an established Canadian gold producer, explorer, and
developer that owns and operates the Rice Lake Mining Complex near
Bissett, Manitoba. The Company employs more than 420 people and is
committed to the highest standards of safety and environmental
stewardship. San Gold is on the Toronto Stock Exchange under the
symbol "SGR" and on the OTCQX under the symbol "SGRCF". 
For further information on San Gold, please visit www.sangold.ca. 
Cautionary Note 
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein. 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 forecast gold production, gold grades, recoveries, cash
operating costs, potential mineralization, mineral resources, mineral
reserves, exploration results, and future plans and objectives of the
Company, are forward-looking statements that involve various risks
and uncertainties. These forward-looking statements include, but are
not limited to, statements with respect to mining and processing of
mined ore, achieving projected recovery rates, anticipated production
rates and mine life, operating efficiencies, costs and expenditures,
changes in mineral resources and conversion of mineral resources to
proven and probable mineral reserves, and other information that is
based on forecasts of future operational or financial results,
estimates of amounts not yet determinable and assumptions of
management. 
Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always,
using words or phrases such as "expects" or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans",
"estimates" or "intends", or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or
be achieved) are not statements of historical fact and may be
"forward-looking statements." Forward-looking statements are subject
to a variety of risks and uncertainties that could cause actual
events or results to differ from those reflected in the
forward-looking statements. 
There can be no assurance that forward-looking 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 the
Company's expectations include, among others, the actual results of
current exploration activities, conclusions of economic evaluations
and changes in project parameters as plans continue to be refined as
well as future prices of precious metals, as well as those factors
discussed in the section entitled "Other MD&A Requirements and
Additional Disclosure and Risk Factors" in the Company's most recent
quarterly Management's Analysis and Discussion ("MD&A"). Although the
Company has attempted to identify important factors that could cause
actual results to differ materially, there may be other factors that
cause results not to be as anticipated, estimated or intended. There
can be no assurance that su
ch statements will prove to be accurate as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. 
To view the maps accompanying this press release please click the
following link: http://media3.marketwire.com/docs/SGFigs1-2.pdf
Contacts:
San Gold Corporation
Ian Berzins
President, CEO, and Chief Operating Officer
Toll Free: 1 (855) 585-4653 
San Gold Corporation
Tim Friesen
Investor Relations
Toll Free: 1 (855) 585-4653
sgr@sangold.ca
www.sangold.ca