U.S. Markets closed

San Gold Appoints Ian Berzins as President and CEO

WINNIPEG, MANITOBA--(Marketwire - Mar 25, 2013) - San Gold Corporation (SGR.TO)(SGRCF) ("San Gold" or the "Company") announced today that its Board of Directors has appointed Chief Operating Officer Ian Berzins as the Company's President and Chief Executive Officer.

Mr. Berzins replaces George Pirie, who served as President and Chief Executive Officer since December of 2010.

"Mr. Berzins is a seasoned mining professional with a long history at Rice Lake and provides significant on-the-ground experience and leadership. The Board has every confidence in Mr. Berzins' ability to take the Company forward and highlights the Company's focus on safe, efficient production and exploration from existing operations. On behalf of the Board, I would like to thank Mr. Pirie for his important contributions and wish him well in his future endeavors," said Dale Ginn, San Gold's Executive Vice-Chairman.

"I am honoured to have the opportunity to lead San Gold at this important juncture in time as we push forward to profitability. The Company has made significant investments in Rice Lake infrastructure during the last few years and with an experienced team of mining professionals in place the Company is better prepared to unlock the value of our Rice Lake assets," said Mr. Berzins.

Mr. Berzins joined San Gold in May 2008 as Chief Operating Officer. He is a mining engineer with 30 years of experience in the mining industry having worked in gold, oil sands, coal and base metals. He previously held senior management positions with Sherwood Copper, Albian Sands and Suncor Energy and served as General Manager of several gold mines including Harmony Gold (Canada) Limited, Echo Bay Mining (Lupin Operations) and Miramar Con Mine. He holds a Bachelor of Science degree in mining engineering from Queen's University. He is registered as a member of the Association of Professional Engineers and Geoscientists of the Province of Manitoba. Mr. Berzins also recently completed the Directors' education program at the Haskayne School of Business in Calgary.

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 400 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

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.