Gander Gold Corp. announced the start of first-ever drilling in Newfoundland. For the past two years the company has systematically and methodically advanced an attractive pipeline of grassroots gold properties across a dominant land position of 2,259 sq.

km, offering compelling high-grade discovery potential. Highlights: Gander has commenced a planned 70-hole rotary air blast drill program across four major projects beginning with the 485 sq. km Gander North Project, 15 km east of New Found Gold's Keats' Zone discovery; Gander North and Mt.

Peyton are fully permitted for both preliminary air blast (RAB) drilling and follow-up diamond drilling. BLT and Cape Ray II drill permits are pending; In total across its eight Central Newfoundland Gold Belt projects, Gander Gold has outlined more than 100 linear km of potential strike along which gold-in-soil geochemistry anomalies are overlain on top of identified geophysical anomalies. The RAB drill program over the next few months at Gander North, Mt.

Peyton, Thwart Island and Cape Ray II will provide first-ever testing of the bedrock and structural environments overlain by significant soil geochemistry anomalies. Data gathered from daily XRF measurements and in-hole televiewer will help guide the program and prioritize targets for follow-up diamond drilling. Geological mapping, prospecting, ground VLF-Mag geophysical surveys, and ground penetrating radar surveys are being employed ahead of drilling, as required, to optimize target definition.

Drilling has started in the "Viking" area of Gander North where VLF surveys have outlined conductive structures underneath extensive soil anomalies.