Stock Symbol: SGR.V (TSX Venture Exchange)

San Gold Corporation is a Canadian mining company focused on gold exploration and mining in the Rice Lake Greenstone Belt in SE Manitoba, Canada. The Company’s Rice Lake Gold Project includes two mines, the deep underground, high-grade Rice Lake mine and the nearby near-surface ramp accessed San Gold #1 (SG-1) deposit. A third nearby deposit, the recently discovered Cartwright gold deposit is slated for near surface ramp development in 2008. The Rice Lake Mine officially opened on August 23, 2006. Steady-state production according to mine plan specifications, from both the Rice Lake and SG-1 mines, feeding the centrally located 1250 ton per day mill at Bissett, is expected to be achieved during 2007. The mines are expected to provide the cash flow and a sound foundation for growth of the Company through exploration and acquisition.

The Company also owns or controls nearly 15,000 hectares of exploration lands in the prime areas of the Rice Lake Greenstone Belt of SE Manitoba. The Company has increased its ore resources and reserves from 550,000 gold ounces (audited, all categories) when it acquired the Rice Lake Project in 2004 to over 1,600,000 gold ounces (audited, all categories) by the end of 2006. The Company developed the SG-1 deposit as a result of its exploration activities since 2004 and also discovered the Cartwright deposit in 2006.