Uganda Launches High Resolution Airborne Geophysical Data

• Press Release
• Source: Vangold Resources Ltd.
• On 3:18 pm EST, Thursday January 8, 2009

VANCOUVER, BC--(MARKET WIRE)--Jan 8, 2009 -- Vangold Resources Ltd. (CDNX:VAN.V - News) ("Vangold") is pleased to announce the launch of the latest airborne geophysical data for Uganda. Eighty (80%) percent of the country is now covered by magnetic, radiometric and electromagnetic (EM) surveys for the purpose of promoting mineral exploration. Vangold's mineral concessions in Uganda currently cover 1.4% of Uganda's land surface spread over 32 exploration licenses in regions of high mineral potential.

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The High Resolution Airborne Geophysical Survey Programme for Uganda commenced in 2006. With financial support in the form of loans and grants from World Bank Organization (WBO), African Development Bank (AFDB), NDL and Government of Uganda, totalling 47 million US dollars, the Commissioner of the Department of Geological Survey and Mines, Joshua T. Tuhumwire, happily announced today, at the Ministry for Mineral Development and Mines in Kampala, that the seven blocks, totalling 630,622 line kilometres of magnetic and radiometric surveys are now ready and available for acquisition. He hopes the data will improve inadequate geoscience information and that the release of this extensive new high resolution geophysical data set will attract mineral investment in Uganda.

Back in 1961, a regional airborne geophysical survey was conducted for mineral exploration and was funded by the United Nations Development Programme (UNDP) and the government of Uganda achieved almost 50% coverage by 1980. These surveys were typically flown with 1km line spacing, 10km ties and 120m terrain clearance. All magnetic data of the regional programme was subsequently compiled into one data set during the African Magnetic Mapping Project in 1992.

In 1996-2000 The Ugandan government formally requested the support of the WBO to support and finance the implementation of the Programme. By 2001, The Government of Uganda also approached the AFDB and by 2006 the Programme commenced.

Line spacing for Blocks 1 (southeast-Bugiri and Busia), 2 (west-central-Mubende/Fort Portal/Kamwenge), 3 (southwest-Kabala and Ntungamo), 5 (northwest-West Nile) and 7 (southcentral-Masaka) are 200m and the terrain clearance is 80m. Block 4 (Northcentral-Gulu/Kitgum) has 400m line spacing with 80m terrain clearance. Block 6 (central Uganda), never flown before and therefore considered reconnaissance data, was acquired with 500m line spacing and 80m terrain clearance.

Blocks 1 through 7 are magnetic and radiometric surveys all flown by Fugro. In addition, several smaller EM surveys are currently being run and include a planned total of 23,806 line kilometres of EM surveys. The EM surveys are 200m line spacing and to date approximately 15,000 has been completed.

Block 1 (covering Vangold's Bugiri 200km2 license) and Block 6 were released December 13, 2007 and were purchased by Vangold at that time. Banded Iron formation (BIFs) of the Nyanzian Greenstone Gold Belt are clearly visible in Vangold's wholly owned Bugiri license trending in from Tanzania to the south (and host to such deposits there as Geita-Anglogold/Ashanti, Golden Pride-Resolute Mining and Barrick's Bulyanhulu).

With the release of the new airborne high resolution geophysical data, Vangold plans to acquire the data relevant to their licenses, in particular those areas of Block 2 (Fort Portal and Kamwenge), Block 3 (Ntungamo/Kafunjo) and Block 5 (West Nile). Vangold's exploration team has recently run 3 soil survey grids across their Bugiri license and is currently conducting soil surveys across the recently discovered Kibalien rocks in the West Nile licenses. The acquisition of this newly released geophysical data will greatly benefit the exploration work by helping to differentiate between lithologies, clearly visualize structural features and better delineate the position of magnetic and conductive bodies at Kafunjo.

All technical information in this press release has been reviewed by Danae A. Voormeij, P.Geo., a Qualified Person as defined by National Instrument 43-101.

For more information on Vangold's mineral exploration projects in Uganda, please visit our website at www.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by email Brynelsen@vangold.ca.

On Behalf of the Board of

VANGOLD RESOURCES LTD.

"Dal Brynelsen"

Dal Brynelsen, President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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     President and CEO
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