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Linux Gold Corp. Stakes New Mineral Exploration Claims, Livengood, Alaska

Posted on: Wednesday, 27 September 2006, 09:00 CDT

Linux Gold Corp. (OTCBB:LNXGF) is pleased to announce that in May of

2006, the Company staked 6,400 acres of mineral exploration claims in

the Livengood-Tolovana Mining District. Linux Gold Corp is 100% owner of

the claims.

The district has produced over 500,000 ounces of placer gold from the

Livengood Bench and other proximal drainages. Some of the placer gold

contains platinum. Known lode prospects in the area such as "Old

Smokey" are host to localized high-grade gold

mineralization assaying to 29.8 ppm gold as tested by the Alaska

Division of Geological and Geophysical Survey. The area has long been

proposed to be a "Carlin-Type"

analogue. Major mining companies have drilled the Livengood area and

currently International Tower Hill Mines Ltd., partially owned by

Anglo-Gold Ashanti, holds claims in the area and is actively exploring

the district.

The Linux Gold Corp claims are strategically placed to capture key

target areas for gold mineralization based upon new data issued by the

state Geological Survey. Exploration will focus toward collecting large

volume samples in search of low-grade, high tonnage deposits with

locally high-grade gold concentrations, characteristic of the

gold-endowed geologic setting.

In March of 2005, Linux Gold Corp. staked 148 State of Alaska 160-acre

MTRSC mining claims at several locations near Granite Mountain on the

eastern Seward Peninsula of Alaska and has increased the claim position

to 284 claims or 68 square-miles. A drilling program on the Granite

Mountain property has been completed, testing four separate mineralized

zones, in September 2006.

Linux Gold Corp. also owns a 50% interest in 30 mineral claims known as

the Fish Creek Prospect, located in the Fairbanks Mining Division in

Alaska. Linux Gold Corp. optioned to Teryl Resources Corp. (TRC-V) a 50%

interest in the Fish Creek claims by expending US$500,000 over three

years. Linux Gold Corp. retains a 5% net smelter return or may convert

into a 25% working interest. The Kinross Fort Knox mill is within 6

miles from the Fish Creek claims.

Linux Gold Corp. received a research report from Khandaker Partners in

New York. The report can be accessed online at http://www.linuxgoldcorp.com/khandakerreport_062706.pdf

(see news release dated June 28, 2006).

For more information please visit www.linuxgoldcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"John Robertson"

John Robertson

President

Forward-Looking Statements

Statements in this press release regarding Linux's

business which are not historical facts are "forward-looking

statements" that involve risks and

uncertainties, such as estimates and statements that describe the

Company's future plans, objectives or goals, including words to the

effect that the Company or management expects a stated condition or

result to occur. Since forward-looking statements address future events

and conditions, by their very nature, they involve inherent risks and

uncertainties. Actual results in each case could differ materially from

those currently anticipated in such statements.

Source: Business Wire

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