San Gold Ratifies Board Changes and Announces Conference Call

Marketwired

WINNIPEG, MANITOBA--(Marketwired - May 8, 2013) - San Gold Corporation (SGR.TO)(SGRCF) ("San Gold" or the "Company") announced today that the Board of Directors has eliminated the role of Executive Chairman. Mr. Hugh Wynne will remain as Chairman of the Board.

The Board of Directors has also accepted the resignation of Mr. George Pirie, the former President and CEO, as a Director of the Corporation.

2013 Q1 Financial Results Conference Call

The Company's senior management plans to host a conference call on May 10, 2013 at 10:00 am Eastern Standard Time to discuss the 2013 first quarter financial results, to be distributed prior to the call, and to provide an update of the Company's operating, exploration, and development activities.

Participants may join the conference call by dialing 1 (866) 225-2055 or 1 (416) 340-8410 for participants outside of Canada and the United States. The conference call will also be available by webcast on the Company's website at www.sangold.ca.

A recorded playback of the conference call can be accessed after the event until May 26, 2013 by dialing 1 (800) 408-3053 or 1 (905) 694-9451 for calls outside Canada and the United States. The pass code for the conference call playback is 8568217. The archived audio webcast will also be available on the Company's website at www.sangold.ca.

About San Gold

San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. The Company employs more than 450 people and is committed to the highest standards of safety and environmental stewardship. San Gold is listed 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 San Gold, 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.

Contact:
San Gold Corporation
Ian Berzins
President and CEO
Toll Free: 1 (855) 585-4653
San Gold Corporation
Gestur Kristjansson
Chief Financial Officer
Toll Free: 1 (855) 585-4653
sgr@sangold.ca
www.sangold.ca

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