Raven Gold Corp. Amended – Detailed “Phase 1 Exploration Program,” Commissioned at La Currita

LAS VEGAS, Aug. 29 /PRNewswire-FirstCall/ — Raven Gold Corp. (OTCBB: RVNG) (the “Company”), is pleased to announce today that it has commissioned a detailed “Phase 1 Exploration Program,” at La Currita, Mexico.

Raven Gold Corp is pleased to announce that a “Phase 1 Exploration Program,” has been commissioned at the La Currita gold and silver project in Temoris, Mexico, which covers a claim area of approximately 78 hectares, a single zone of mineralization, the Sulema vein, some 10 meters wide, has been sporadically mined and partially explored. In the past, mining was selective and restricted to a central portion of the vein. The intent of the new program is to explore the full width of the mineralized zone by underground drilling which may expose payable values towards the contacts, and beyond. Mapping and sampling of the existing pillars left from previous mining will be combined to delineate positive tonnage and grade.

In addition surface exploration will consist of line cutting and survey control, geological mapping, geochemical soil sampling and rock chip sampling, geophysics (magnetometry and IP), pitting of anomalous areas and follow-up diamond drilling. The object is to ascertain if current metal prices can support open pit mining and an expansion of the underground mining width with an increased tonnage, delivering even lower costs which are associated with bulk mining methods.

David Petersen P. Eng. has acted as the qualified person as identified by National Instrument 43-101, and reviewed and verified the technical content of this release.

   About La Currita   —————-  

The La Currita project includes a mine, a 150 tonne/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. The existing mine holds potential to increase tonnage through systematic exploration. The area surrounding La Currita has numerous prospects and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo Gold recently merged with Coeur d’Alene Mines Corporation and Bolnisi Gold NL, in a transaction valued at approximately US$1.1 billion, creating one of the world’s potentially leading primary silver producers. In addition, about 20 miles to the SE is the 170,000 ounce/year Glamis Gold’s El Sauzal gold mine.

   About Raven Gold Corp.   ———————-  

Raven Gold Corp. is an international gold mining company, with exploration and development projects. Raven’s mandate is to initiate an aggressive acquisition policy, focusing on under-explored to advanced stage exploration gold deposits in North and South American Countries. Raven is focused on becoming a low-cost gold producer.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company’s control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission.

CONTACT: Raven Gold Corp., Investor Relations, 1-877-31-RAVEN (1-877-317-2836), Email: ir@ravengold.com, Website: http://www.ravengold.com/

Raven Gold Corp.

CONTACT: Raven Gold Corp., Investor Relations, 1-877-31-RAVEN(1-877-317-2836), Email: ir@ravengold.com, Website: http://www.ravengold.com/