Threegold Resources Increases Private Placement With Desjardins Securities to $5 Million (2007-11-27)

VAL-D'OR, QUEBEC--(Marketwire - Nov. 27, 2007) - Threegold Resources Inc. (TSX VENTURE:THG) is pleased to announce that it has engaged Desjardins Securities Inc. of Montreal, Quebec as its exclusive agent for a best-efforts private placement of "flow-through" A Units and non-"flow-through" B Units, for aggregate gross proceeds to Threegold of up to $5 million.

Each A Unit will be issued at a price of $1,300 per unit and consist of 1,500 "flow-through" common shares at a price of $0.65 per flow-through common share and 650 common shares at a price of $0.50, for gross proceeds to Threegold of up to $4 million. Each B Unit will be issued at a price of $1,000 per unit and consist of 2,000 common shares at a price of $0.50 and 1,000 common share purchase warrants at a price of $0.65, for gross proceeds to Threegold of up to $1 million. Each common share purchase warrant comprised in the B Units will entitle the holder thereof to acquire one additional common share of Threegold at a price of $0.65 per share for a period of twelve months from the closing of the private placement.

It is expected that the A Units and B Units will be offered by way of an offering memorandum to investors in Quebec on a prospectus-exempt basis. The closing of the private placement is expected to occur on or about December 21, 2007. In connection with the private placement, Desjardins Securities Inc. will receive 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.

The private placement is subject to regulatory approval, including that of the TSX Venture Exchange, as well as the approval of the Board of Directors of Threegold Resources. The securities issued in connection with the private placement will be subject to a four-month hold period under the policies of the TSX Venture Exchange and applicable securities legislation.

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

Threegold'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
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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.