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Message: News Release, Dec-21, Golden Pike Drill results

See

http://www.cnsx.ca/Storage/1414/129193_RKX_Dec-21-2011-GoldenPike_FINAL.pdf

for the full NR c/w with tables and map...sorry, can't seem to get them to post/format in a readable state, so I left them out.

cheers

a_i

FOR IMMEDIATE RELEASE December 21, 2011

PORTAGE DRILL RESULTS INCLUDE 34.50 G/T GOLD AND 505 G/T SILVER AT GOLDEN PIKE, NEW BRUNSWICK

St Andrews, New Brunswick, Canada, December 21, 2011 – Portage Minerals Inc. (“Portage”) today announced initial diamond drilling results from its 100% owned Golden Pike property (the “Golden Pike Property”). The recently completed drill program consisted of 17 holes plus the extension of 4 existing holes for a total of approximately 2,700 metres drilled. The program focused on delineating and expanding the high grade gold zones on the South Trend deposit where previous drilling returned gold intersections such as 43.07 g/t Au over 13.00 m, 32.26 g/t Au over 10.06 m and 8.08 g/t Au over 7.72 m.

The Golden Pike Property comprising 1600 hectares is located 60 kilometers southeast of the City of Fredericton in Kings County, New Brunswick. The Golden Pike Property is owned 100% by Portage and is subject to a 2.0% net smelter return (“NSR”). Portage can purchase half of the NSR (1%) for $500,000 per 0.5% NSR increments.

HIGHLIGHTS:

Drill program was focused on delineating and expanding the high grade gold zones on the South Trend deposit.

Assay results have been received from the initial 10 drill holes, with significant drill intercepts including:

o 6.93 g/t gold over 10.62 m including 10.55 g/t gold over 5.12 m and 34.50 g/t Au over 0.60 m. Also 505 g/t silver over 0.90 m

o 9.09 g/t gold over 3.35 m

o 19.47 g/t gold over 2.20 m

o 9.42 g/t gold over 3.80 m

o 4.03 g/t gold over 2.43 m

o 3.58 g/t gold over 4.00 m including 12.8 g/t gold over 1.0m

o 18.2 g/t gold over 0.62 m

All drill hole intercepts are outside the current resource outline and are expected to expand the August 19th, 2011 mineral resource estimate for the Golden Pike Property.

The mineral resource is located within a 600 m segment of the South Trend and remains open for expansion in both directions.

Portage also controls an approximate 10 km x 40 km land position (100% owned) surrounding the Golden Pike project within the prospective Annidale Gold Belt.

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