Gander Gold Corp. reported high grade gold-in-soil results from the Company's 287 sq. km BLT ("Botwood-Laurenceton-Thwart Island") Project in Newfoundland, particularly from the newly- identified Islander Zone covering a central portion of Thwart Island in the Bay of Exploits.

The Gander Gold field season begins in May which will lead toward first-ever diamond drilling at the BLT project. In addition to BLT, Gander has also made important progress at its Gander North Project, Mount Peyton and Cape Ray II properties, with additional exploration updates expected over the coming weeks. Gander Gold will be participating in Central MinEx Mineral Industry Showcase April 26-28 at the Steele Community Centre in Gander, Newfoundland, an event hosted by the Gander and Area Chamber of Commerce in partnership with the Town of Gander.

Eric Sprott, Gander's largest individual investor (11.6%) after Sassy Gold (38.6%), will be the Keynote Luncheon Speaker Friday, April 28 beginning at 12:00 pm. Additional BLT Highlights: Gander took 5,795 B and C-horizon soil samples (including field duplicates) across the BLT Project with 18 of these samples, including seven in the 1,400 m x 400 m zone on Thwart Island, returning very high values >99.8 ppb Au, including three >1,000 ppb Au (1 g/t Au); The presence and orientation of major faults and folds occurring within the BLT Project suggest good potential for mesothermal Au mineralization; A moderate to strong antimony (Sb) correlation occurs with Au/As-in soil (As and Sb are both key mineralals associated with Au mineralization in Newfoundland). Airborne geophysical surveys consisting of MAG/VLF and LiDAR, soil sampling and a structural interpretation have been completed across the entire BLT project area, along with prospecting in select areas.

The BLT project is structurally complex. A major NE-SW trending fault bifurcates the BLT property, while NW trending shears and several generations of folding have been interpreted on the property. The occurrence Outside of the Thwart Island, notably in the Botwood and Laurenceton areas, significant very anomalous Au-in-soil values do occur along sample lines laid out perpendicular to NE-SW trends and lineaments.

While these sample lines were widely spaced, results do conform to the interpreted NE-SW lineaments and additional soil sampling is required to better define the extent of these features. A significant number of Cu-in-soil results occur in the Burnt Bay Peninsula area immediately east of Thwart Island and on Thwart Island coincident with Au-in-soil. Coincident Au/Cu-in-soil anomalies may be indicative of possible epithermal-type gold mineralization.