Threegold Resources Acquires Significant Land Position Around the Standard Gold and Duverny Properties (January 4, 2012)

VAL-D'OR, QUÉBEC, CANADA--(Marketwire - Jan. 4, 2012) - Threegold Resources Inc ("Threegold" or the "Company") (TSX VENTURE:THG) is pleased to announce it has acquired 135 claims ("the or these claims") from prospector and businessman Rene Rousseau in Duverny Township in the vicinity of its Standard Gold Project.

The property consists of three claim blocks; Majo, Rouzo and Caro. The Majo and the Rouzo blocks are contiguous and to the west of Bowmore's (TSX VENTURE:BOW)(FRANKFURT:0B5) Duverny property while the Caro property is contiguous to the south of the Standard Gold property which is under option to Bowmore (see press release dated Feb 14th 2011 for details).

Bowmore is currently conducting phase one 5,000 meter diamond drill program to test various targets including duplicating some of the historical diamond drill holes that produced the following data (See press release November 16th, 2011)

Table 1: Historical drill hole results on the Standard Gold property

_____________________________________________________

Hole No.     From (m)   To (m)    Length (m)  Au g/t

    232-3      37.0     265.4        228.4     0.50
including      79.1      79.8         0.7     10.30
including     129.3     129.9         0.6     12.10
including     255.1     255.7         0.6     10.90

    234-1       4.0     119.0         115.0    0.46
including     116.8     107.3         0.5      12.0
 
    234-2       0.0     123.2         123.2    0.48
including     120.8     121.4         0.6      14.4

    234-4      10.0     117.0         107.0    0.89
including      18.7      19.2         0.5     20.30
including      74.4      76.0         1.6     10.80

    235-4       0.0      10.0         10.0    21.47
including       5.0       6.0         1.0    121.70

    236-6      16.7      46.8         30.1     1.81
including      18.0      18.6         0.6     28.50

    237-1      37.6      94.4         56.8     0.59

    237-3       9.7     104.3         94.6     1.16
including      25.1      25.6         0.5     55.80
including     103.8     104.3         0.5     41.60

    238-4      43.0      54.5         11.5    26.40
including      52.2      54.0         1.8    161.50

    SG-24      10.4      83.1         72.7     0.57
including      23.7      24.1         0.4     27.43
 
     S-36     39.4       76.0         36.6     0.90
including     75.6       76.0         0.4     20.23

_____________________________________________________

According to the terms of the agreement, Threegold purchases a 100% in the claims of payments made over 5 years described as follows:

$25,000 at signing,

$50,000 and 1,000,000 units upon acceptance of the TSX. The units will consist of one common share and one purchase warrant priced at 15 cents for the first 12 months and 18 cents for the following 12 months. The shares shall be held in escrow for a 12 month period from the time the transaction closes.

Starting March 2012, $40,000 and 300,000 shares shall be issued each 12 months until the final installment of $120,000 on March 2016.

The deal will be subjected to a 3% NSR ("Net Smelter Royalty") of which 2% can be bought back for $1,000,000 and an additional 0.5% can be bought back for an additional $750,000.

Mr. Goncalves, President of Threegold remarks "we are very pleased to have added such a strategic land package around an already highly prospective area. We look forward to exploring this property as well as to any results that will be produced from the Bowmore drill campaign"

Antoine Fournier, P. Geo., Vice-President Exploration for Threegold Resources Inc and a Qualified Person as defined by National Instrument 43-101 is responsible for the technical content of this press release.

---

About Threegold

Threegold has established itself as one of the premier exploration companies in Québec. The Company has a highly qualified technical team with extensive exploration experience, including previous gold discoveries in Québec, and management with financing and public company expertise.

Threegold aims to create shareholder wealth through the discovery of new deposits with a focus on Canadian assets, mainly in Québec. Threegold offers investors a portfolio of high-quality exploration projects and the potential to take part in a major discovery.

With a strategic property portfolio and solid partnerships, like the one with Osisko Mining Corporation, Threegold's goal is to discover a low-cost, multi-million ounce gold deposit in Québec.

For further information, please contact:

Mr. Victor Goncalves President and CEO Threegold Resources Inc Tel.: (204) 997-5517 E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Mr. Antoine Fournier, P. Geo. Vice-President Exploration Threegold Resources Inc Tel.: (819) 825-3883 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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.