AGE

Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company") announces that following
the exercise of stock options to purchase shares, Mr. Marco Gagnon, President
and Chief Executive Officer and Mr. Marc L'Heureux, founder and member of the
Board of Directors of the Company have increased their personal ownership of
common shares in the capital stock of Adventure Gold. Mr. Gagnon has
significantly increased its participation by more than 63% and now owns 1.56
million common shares. As for Mr. L'Heureux, he now owns 940 000 common shares
representing a 12% increase. Following that the exercise of options, all stock
options with maturity on November 7th, 2012 at a price of $0.265 have been
exercised by the these individuals who are both members of the Board of
Directors. The proceeds of the exercise of 700,000 stock options will provide
additional funding of $185,500 to the Company. 


Members of the Board of Directors, the management team and employees of the
Company now own 9.4% of the capital stock of Adventure Gold and they have
actively participated in the financing of the Company since its listing on the
TSX Venture Exchange in October 2007. Despite the exercise of stock
options-related tax impact, the two directors do not consider selling any
securities owned at the moment.


Current activities and upcoming results



--  Val-d'Or East project: The first Mineral Resource Estimate National
    Instrument (NI) 43-101 at the 100% owned Pascalis-Colombiere gold
    property is progressing well. The consultant (SGS Geostat) conducting
    the study reports that the results will be available in November 2012.
    Geological reconnaissance work is currently underway on the recently
    acquired Pascalis-Extension property (for more details on the Val-d'Or
    East project, see press releases dated 2012-09-13 and 2012-09-20
    available on the Company's website).

--  Detour Quebec project: Phase 1 exploration work aiming to define drill-
    targets on several areas of the project will be completed soon. The
    results of geological surveys, ground and airborne geophysical surveys
    and geological compilations will be published in November 2012 (for more
    details on the Detour Quebec project, see press release dated 2012-04-19
    available on the Company's website).



Profile

Adventure Gold Inc. is a mineral exploration company focused on discovering and
developing high-quality gold deposits in the Abitibi region located in eastern
Canada - one of the richest gold mines areas in the world. Adventure Gold has
become, in a few years, an important player in the mining exploration industry
with one of the best portfolio of exploration properties along the main
gold-bearing structures of the Abitibi Greenstone Belt. The Company is exploring
mainly close to gold mines where the mining production infrastructures are
already existent, which distinguishes it from several other exploration
companies. Adventure Gold exploration team are mining professionals having
worked previously for well-established producing companies and understand the
industry challenges. The Company owns 100% of the rights on its three main
projects namely: Val-d'Or East, Detour Quebec and Casa-Cameron. The Val-d'Or
East flagship project encompasses the Pascalis-Colombiere property where Cambior
Inc. (now IAMGOLD) was producing gold between 1989 and 1993 at the Beliveau
Mine. Close to the former mine, Adventure Gold recently discovered a significant
new gold system and works actively in its development. As disclosed in its
latest financial statements, the Company is well financed to apply its business
plan.


Jules Riopel, P.Geo., Vice-President Exploration and Acquisitions, acting as the
Company's "Qualified Person" as defined by NI 43-101, has reviewed this press
release. 


Follow Adventure Gold on: www.adventure-gold.com

Twitter: http://twitter.com/Adventure_AGE

LinkedIn: http://www.linkedin.com/company/2253943

The foregoing information may contain forward-looking statements and events
relating to the future performance of the Company. Forward-looking statements,
specifically those concerning future performance, are subject to certain risks
and uncertainties, and actual results may differ materially. These risks and
uncertainties are detailed from time to time in the Company's filings with the
appropriate regulatory authorities. We seek safe harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marco Gagnon
President & CEO
marco@adventure-gold.com
450.743.5527


Jules Riopel
Vice-President Exploration and Acquisitions
jules@adventure-gold.com
819.797.9770

Adventure Gold Inc. (TSXV:AGE)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024

Adventure Gold Inc. (TSXV:AGE)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024