Threegold Resources Completes $3.27 Million Private Placement (2008-01-03)

VAL-D'OR, QUEBEC--(Marketwire - Jan. 3, 2008) - Threegold Resources Inc. (TSX VENTURE:THG) is pleased to announce that it has completed its previously-announced private placement through Desjardins Securities Inc. of Montreal, Quebec by issuing a total of 2,285 "flow-through" A Units and 300 non-"flow-through" B Units to subscribers resident in Quebec, for aggregate gross proceeds to Threegold of $3,270,500.

Each A Unit was issued at a price of $1,300 per unit and consisted of 1,500 "flow-through" common shares at a price of $0.65 per share and 650 common shares at a price of $0.50 per share, for gross proceeds to Threegold of $2,970,500. Each B Unit was issued at a price of $1,000 per unit and consisted of 2,000 common shares at a price of $0.50 per share and 1,000 common share purchase warrants, for gross proceeds to Threegold of $300,000. Each common share purchase warrant comprised in the B Units entitles the holder thereof to acquire one additional common share of Threegold at a price of $0.65 per share until December 27, 2008.

The A Units and B Units were offered by way of an offering memorandum to investors in Quebec on a prospectus-exempt basis. In connection with the private placement, Desjardins Securities Inc. received a fee equal to 7.5% of the gross proceeds raised under the offering.

The gross proceeds from the private placement will be used by Threegold for its exploration program on its properties located in Quebec and for working capital and general corporate expenses.

Under applicable securities legislation and the policies of the TSX Venture Exchange, all of the foregoing securities issued pursuant to the private placement are subject to a hold period expiring on April 28, 2008.

As a result of the private placement, there are 29,288,511 common shares of Threegold issued and outstanding.

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Threegold's common shares are listed on the TSX Venture Exchange under the symbol "THG".

Visible Gold's common shares have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S registration or an applicable exemption from U.S. registration requirements.

For further information, please contact:

Antoine Fournier, P.Geo.
President
Threegold Resources Inc
Tel.: (819) 825-3883
Fax: (819) 825-7545
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Octavio Soares, FCA
Chief Financial Officer
Threegold Resources Inc
Tel.: (418) 999-8811
Fax: (418) 652-8149
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Sylvain Laberge
Investor Relations
S.D.N.L. Financial Communications
Tel: (514) 380-5610
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

You can also visit our website: threegold.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.