St Andrew Grants Option on Nixon Fork Alaska Property

St Andrew Goldfields Ltd. (TSX:SAS) ("St Andrew" or the "Company") announces that it has granted to Pacific North West Capital Corp. ("PFN") an option to acquire the outstanding shares of Mystery Creek Resources, Inc. ("MCR"), the Company's wholly owned subsidiary which owns the Nixon Fork gold property located 56 kilometers northeast of McGrath, Alaska. Under the terms of the option, which is exercisable until February 15, 2009, PFN may acquire the shares of MCR by paying the Company US $500,000, of which US $100,000 has been paid, US $100,000 is payable on closing of the transaction of purchase and sale and the balance is payable in three equal installments due May 1, July 1 and September 1, 2009. PFN has indicated that exercise of the option is subject to satisfactory completion of due diligence and receipt of regulatory approvals.

"The decision to sell Nixon Fork reflects our strategy to continue to focus our efforts and resources on bringing our Holloway Holt property into production as soon as possible", said Jacques Perron, President and CEO of St Andrew.

About St Andrew

St Andrew is a gold mining and exploration company with operations in Timmins, Ontario and Alaska. St Andrew controls a very large land position in the Timmins Mining Camp, an extensive land position at Eskay Creek in northern British Columbia and land positions around Nixon Fork Gold Mine in the Kuskokwim-Tintina Mining Camp in Alaska.

FORWARD LOOKING STATEMENTS

This news release may contain forward-looking information under applicable securities laws, concerning St Andrew's business, operations, financial performance, condition and prospects, as well as management's objectives, strategies, beliefs and intentions. Forward looking information are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "intend" and similar words referring to future events and results, including completion of the sale of MCR. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary material include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information as actual results may differ materially from those expressed or implied in the forward looking information. St Andrew does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Arctic Oil & Gas Corp. (AOAG): Norton Sound and Onshore Alaska Placer Gold Project JV

LAS VEGAS, NV, Dec 08, 2008 (MARKET WIRE via COMTEX) -- Arctic Oil & Gas Corp. (PINKSHEETS: AOAG) (360 million shares issued), a resources development company, is pleased to announce the Company's precious metals division has secured agreements to pool its Nome offshore OCS lease Application with Shell Trust Dredge Engineers, holders of options over adjacent granted State Waters leases with drill indicated gold reserves of approximately 500,000 ounces or more, and additional onshore placer resources property carrying additional 500,000 ounces gold resources, both of which could be producing in 2009-2010.
AOAG is pooling its Norton Sound OCS applications of which it is an 80% equity partner into the new 50%-50% profit-sharing joint venture with the R.E Shell Trust, a long-established gold dredging-engineering group, whose principals have produced millions of ounces of gold utilizing suction-cutter dredges of their own design. Some of these dredges were ocean-going in size. Shell owns proprietary drill sample results of Nome offshore placer deposits extending into AOAG's lease application areas, from ship-based sampling campaigns they conducted.
The JV partners intend to finance and develop two or more large-scale placer mines starting on the JV granted State leases, commencing gold production in 2009-2010.
JV PLACER GOLD; 2009-2010 PRODUCTION PROJECTS.

1) Norton Sound Alaska Oceanic Placer Gold Project; OCS 720 square mile
Leases Application and 2,000 acre Granted State Waters Leases. With
1.5-10 million ounce Gold placer resource potential at
250,000 - 500,000+ ounces per year production rate.
2) Denali Placer Gold Project; Alaska Onshore fully permitted Claims with
500,000 ounce drill indicated reserves and mining equipment already on
site. With plans to upgrade production equipment to a 60,000 ounces per
year operation in 2009. Estimated Gold production costs $300/ounce.



Ocean-Going Gold Dredges: The Shell-designed high-capacity suction cutter dredges transformed the American gold dredging industry and dramatically lowered large-scale mining costs to less than $0.50/M3. The deployment of new large-scale dredging equipment, coupled to Shell's proven vibrating-gravity gold recovery plant should make the Nome offshore placers profitable today.
Using Shell-designed dredges, mining costs could halve AOAG's previously estimated $4.00/M3 costs, with targeted recoverable Norton Sound grades of approximately 0.50 grams/M3 ($12.00/M3) resulting in Gold production costs of less than $200/ounce.
The JV is preparing a Non-AOAG-stock-dilutive, private LLC offering memorandum for institutional investors to fund these two mines and also build additional plants on other leases under investigation. There is no guarantee that the various Leases and Claims will be secured by the JV until sufficient financing has been secured.
OIL-GAS: The Company and partners have speculative Claims and lease applications over four areas with proven and potential oil and or gas reserves. The Company believes that in the future the oil price will rise to levels which will justify their development.
Please visit www.arcticoag.com and www.strategicnine.com
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Actual results may differ from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks associated with oil & gas exploration risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect AOAG's financial results is included in its filings with the Securities and Exchange Commission.

Contact:
Peter Sterling
323-356-7777
Email Contact




SOURCE: Arctic Oil & Gas Corp.

Tonogold Resources, Inc. Sells Lease Interest in Nyac, Alaska Gold Project

Tonogold Resources, Inc. (Pink Sheets: TNGL) announces the sale of its Alaska assets and leasehold interest in the Nyac, Alaska Gold Project to Nyac Gold LLC.

The terms of the sale include cash and future consulting fees valued at approximately $563,420. Also, Tonogold has a retained a one-half percent net smelter royalty.

The Nyac Gold Project consists of 57,600 acres leased from Calista Corporation. Tonogold conducted exploration programs at Nyac in 2005 and 2006.

The lease assignment is subject to the approval of Calista Corporation.

Tonogold Resources, Inc. is a minerals exploration company based in La Jolla, California. The company also has a project office in Carson City, Nevada. For more information on the Company visit their website http://www.tonogold.com.

Safe Harbor Statement Under the
Private Securities Litigation Reform Act of 1995

This press release contains certain forward-looking information about Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)", and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our rights through leases and the Mining Law, we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold and silver are commodities which have substantial price fluctuations, a drop in gold and/or silver prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operational hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE Tonogold Resources, Inc.

Company Codes: OTC-PINK:TNGL

Millrock drills two Seward Peninsula gold prospects in 2008

wo longtime mineral prospectors known in Alaska mining have joined forces in a start-up junior exploration company that focused in 2008 on the Seward Peninsula.

Millrock Resources Inc. drilled two separate gold prospects on the Seward Peninsula this summer, spending just over $2 million on the company's 2008 exploration efforts.

Leading the exploration effort for Millrock is Gregory Beischer, president and chief executive officer, who most recently worked for Bristol Bay Native Corp., after spending 20 years with mining giant Inco.

Joining him is Phil St. George, another exploration geologist with substantial work experience with mining giant Cominco. St. George also worked for NovaGold Resources during its formative years and is credited with discovery of the initial Pebble copper-gold-molybdenum deposit in Southwest Alaska in the late 1980s.

"When we started up the business, it came on the market at 38 cents (a share) and things were great the first few months, but it's been a bit of a struggle lately," Beischer said. "Phil and I are a great teamewe have great people working for us and the company is in reasonably good shape even though our share price has declined substantially over the last three months in particular."

Venture capital financing for junior exploration companies has dried up, he said, since Millrock closed a financing arrangement in May, providing the company with funds for this year's work.

"We didn't spend it all, although it was tempting, because we were having good success, but we stuck to our guns," Beischer said. "We've got enough to hold on and survive and if it's not too protracted of a downturn, we'll still be in business next year."

The two geologists oversaw work this summer on several prospects throughout Alaska, including reconnaissance work on a high-grade gold prospect in the Alaska Range, called Estelle, and the 40-Mile prospect in eastern Interior Alaska.

But it was two separate gold projects on the Seward Peninsula that commanded the bulk of the company's exploration spending for 2008. As of mid-October, the company was still waiting for final assay reports from drilling work completed in August on both the Divide and Bluff properties, Beischer said.

Both gold prospects are located close enough to Rock Creek, in Nome, to potentially become satellite mines if geologists find enough mineralization in high-enough grades to cover trucking costs.

Divide is located north of Rock Creek, about 20 miles straight-line distance from the recently commissioned hard-rock mill, Beischer said. This summer, Millrock completed 23 exploration trenches at Divide, followed up by 10,000 feet of reverse circulation drilling in 23 holes.

"Our goal here is to find a large, multi-million-ounce deposit. The work this year will determine whether a deposit of this scope is present or not," he said.

Millrock is earning a 50 percent interest in Divide from Alix Resources Corp., paying half of the property's exploration costs and issuing 500,000 shares to Alix. Millrock was the operator for this summer's program.

Bluff is located 75 miles southeast of Nome, on the Bering Sea coast, part of a land package that Millrock Resources has optioned from the Alaska Native landowner, Bering Straits Native Corp.

According to an April 2008 announcement, Millrock and Golden Glacier Inc., a Bering Straits subsidiary, signed an exploration agreement covering approximately 153 square miles of Native-owned land highly prospective for gold exploration.

In that press release, Matt Ganley, Bering Straits' vice president of lands and resources, said the landowners "eare confident that this exploration agreement will expand our knowledge of the area's resources while enhancing the long-term economic base of the local communities."

The five-year exploration agreement between Bering Straits and Millrock calls for total spending of $4 million, with a first year work commitment of $300,000, for which Millrock receives exclusive rights to explore and develop mineral deposits on that acreage.

Annual option payments to the Native corporation will total $550,000 over the five years and Millrock will also contribute a total of $40,000 to the Bering Straits Foundation Scholarship Fund. Millrock will also issue up to 1 million shares of its corporate stock over the five-year period to the corporation.

A contracting preference is given to BSNC subsidiary companies that could provide service to Millrock, and shareholders of the Native corporation will also be given employment preference, according to the agreement.

Three prospects part of the agreement with Bering Straits include Council, Ungalik and Bluff, a coastal gold property that was previously drilled by mining giant BHP in the 1980s. BHP reported in 1991 that there was potential for a minimum 3 million tons at the Daniel's Creek prospect.

"They made some great discoveries there of gold mineralization," Beischer said.

This summer, Millrock drilled five diamond core drill holes, Beischer said. "The good news is that on a visual basis, every hole hit the altered mineralized zone that we were targeting," he said.

Northern Dynasty Minerals Ltd. - Successful 2008 Study Program Continues At Alaska's Pebble Project

Northern Dynasty Minerals Ltd. ("Northern Dynasty" or the "Company") (CA:NDM: news, chart, profile) (NAK:
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, , ) reports that core drilling and other study activities at the Pebble Limited Partnership's ("PLP", "Pebble Partnership" or the "Partnership") project site in southwest Alaska continue to advance. The Pebble Project remains on track to complete a Prefeasibility Study in the second half of 2009.
"The Pebble Partnership continues to make sizable investments across a broad range of technical, environmental and social disciplines to move the project forward efficiently toward the completion of a proposed development plan and the onset of permitting," said Northern Dynasty President & CEO Ron Thiessen. "The tremendous amount of work undertaken this year by geological and geotechnical drilling crews, environmental and socioeconomic consultants, as well as the site personnel that support them, has moved us that much closer to reaching our program goals."
To the end of September 2008, PLP crews had completed 141,000 feet of drilling in 215 holes. This includes 109,800 feet of drilling in 24 holes to: increase the information base about known mineralization in the Pebble East deposit; continue to delineate the Pebble East deposit; and provide detailed geotechnical information for mine planning purposes. Crews also completed 31,160 feet of drilling in 191 dedicated environmental, geotechnical and metallurgical holes. Drilling at Pebble will continue through December 2008. Following a 6 to 8-week hiatus, site activities will begin again in February 2009.
Thiessen said the Pebble Partnership, with the assistance of co-owners Northern Dynasty and Anglo American plc, has assembled a world-class mine development team to design, permit, construct and operate a modern, long-life mine at Pebble. A dedicated team of approximately 20 engineers and technical specialists (many seconded from Anglo American), as well as 58 engineering firms and other consultancies, is currently preparing a Prefeasibility Study for the project.
"While the high-grade copper-gold-molybdenum mineralization within the Pebble East zone remains open to expansion, the 2008 drill program will delineate sufficient volume and grades to allow us to finalize a Prefeasibility Study next year," Thiessen confirmed. "Similarly, the excellent progress being made by our engineering design team, our environmental study team and stakeholder outreach personnel means Pebble is on schedule to finalize a proposed development plan in 2009 and, following input from project stakeholders, apply for permits in early 2010."
Thiessen said the Pebble Partnership and Northern Dynasty expect to publish a revised mineral resource estimate for the Pebble deposit based on 2008 drilling results later this year. A significant proportion of the known mineralization at Pebble East is expected to move from an inferred to an indicated category.
While drilling continues at Pebble, other 2008 site activities are largely complete. Some 26 environmental and socioeconomic study teams visited the project site this year as part of the fifth consecutive year of comprehensive environmental baseline studies.
Northern Dynasty and subsequently the Pebble Partnership have invested more than $100 million in environmental and socioeconomic studies over the past five years, including $25 million planned for 2008. The Partnership is currently assembling an Environmental Baseline Document for Pebble, which will be submitted as part of the project's permit applications.
"The Pebble Partnership has undertaken the most expansive and comprehensive pre-permitting environmental study program in the history of mine development in Alaska, if not North America," said Northern Dynasty Chairman Robert Dickinson. "These investments will hold the project in very good stead as it prepares to enter the federal and state permitting process."
Other statistics from a busy 2008 study program at Pebble include:

- a total of 10 helicopters have flown more than 9,000 hours, moving
crew and equipment from the operations base in Iliamna to various
project locations;
- approximately 800 individuals have worked about 40,000 person-days,
with the total number of people at site peaking at 232 in August;
- approximately 3,420 fixed wing aircraft flights have brought people
and supplies into and out of Iliamna in 2008, including more than
50 groups visiting to tour the Pebble Project;
- site expenditures to the end of September total approximately
$50 million, excluding environmental study costs; and
- some 90% of 2008 site expenditures (or approximately $45 million)
have accrued to Alaskan firms.



"Whether you're looking at investment, jobs, supply and service contracts or revenues to government, we believe Pebble has the potential to be the next great development project in Alaska - on the scale of a Prudhoe Bay or Alyeska Pipeline," Dickinson said. "But Pebble is also making a significant contribution to the regional and state economy today, in part because of the Partnership's efforts to diligently apply local hiring and local contracting policies."
The Pebble Limited Partnership was established in July 2007 as a 50:50 partnership between a wholly-owned affiliate of Northern Dynasty and a wholly-owned subsidiary of Anglo American plc. Under the terms of the agreement, Anglo American will fund $1.425 billion of project costs to acquire its 50% interest - including budgeted expenditures of US$140 million in 2008 and US$40 million in 2007.
Study activities and program expenditures at Pebble in 2009 will be finalized in December, and are expected to be similar to those in 2008. Northern Dynasty continues to hold US$36 million in cash and has no immediate funding commitments for the Pebble Project.
Mark Rebagliati, P.Eng., has reviewed the information on the site program and Stephen Hodgson, P.Eng., has reviewed the information on the engineering programs. Both are qualified persons who monitor Northern Dynasty's programs.

Ronald Thiessen
President and CEO

No regulatory authority accepts responsibility for the adequacy or
accuracy of this release.

Northern Dynasty is solely and entirely responsible for the contents of
this news release. No other party, including any parties which have an
interest in the project, are in any way responsible for the contents
hereof.

Comments on Forward-Looking Information, Estimates and other
Cautionary Factors



This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, especially those that address estimated resource quantities, grades and contained metals, are forward-looking statements because they are generally made on the basis of estimation and extrapolation from a limited number of drill holes and metallurgical studies. Although diamond drill hole core provides valuable information about the size, shape and geology of an exploration project, there will always remain a significant degree of uncertainty in connection with these valuation factors until a deposit has been extensively drilled on closely spaced centers, which has occurred only in specific areas on the Pebble Project. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project or of the Company's future performance. The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, completion of prefeasibility and final feasibility studies, preparation of all necessary engineering for underground workings and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at the Pebble Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.
SOURCE Northern Dynasty Minerals Ltd.

Mining industry returns to prominence in Alaska

Petroleum gets most of the attention when Americans, and even Alaskans, think about valuable materials pulled from our state’s ground, but last year Alaska entered the big leagues on another important production front.

Among the states, Alaska is now the fifth-largest producer, measured in dollars, of nonfuel minerals. Alaska’s miners produced $3.37 billion worth of minerals, mostly metals, in 2007. It was an all-time record.

Full Story

Apprehension, caution among Alaska miners at meeting

There was an air of apprehension among the 600-plus Alaska miners who gathered Nov. 5 in Anchorage for the Alaska Miners Association's annual convention.

The state's minerals industry is at a high plateau - production revenues and development and exploration spending surpassed $4 billion last year, a record - but there are new worries that the world financial crises will cause this to unravel by cutting funds for development and new exploration.

Full Story

Forget Bretton Woods II – we need a gold standard

Chagrin Falls, Ohio - Too much credit and easy money. Those were the biggest culprits behind this financial crisis. Yet, apallingly, the government's rescue attempt is built on more credit and even easier money. That's like giving a procrastinator a deadline extension. By choosing this course, Washington has steered us on to the "road to Weimar" – the road to runaway inflation.

It didn't have to come to this. And it still doesn't. But the proper remedy will take tremendous political courage: Bring back the gold standard. That, more than any byzantine regulations that emerge from the Bretton Woods II conference this weekend, would provide stability and safety for nations and individuals around the world.

Full Story

Little Squaw's Chandalar Gold Deposit Indicated as Economically Viable

Little Squaw Gold Mining Company (OTCBB: LITS) ($0.69) ("Little Squaw" or "the Company") has received draft results of an independent economic scoping study on its alluvial gold deposit discovery in the Little Squaw Creek drainage located on the Company's wholly owned Chandalar, Alaska, mining property. The study concludes gold-bearing gravels contain a minimum of 231,000 ounces of recoverable gold that could be extracted at a cash cost of $442 per ounce and a full cost of $711 per ounce. The Company believes the deposit can be substantially expanded through additional drilling and that an increase in its size would significantly increase profitable mine life and lower unit costs.

The scoping study examines an open-pit mine plan that would begin with production at 30,000 ounces of gold per year and yield an average of 21,000 ounces of gold per year over an 11-year mine life. Required start-up capital is estimated at $17.9 million with life-of-mine capital costs at $30.6 million. Cash flow analyses run at $900-per-ounce gold show a 33 percent internal rate of return on capital investment with a 3.6-year payback. Cumulative net revenues are projected to total $204 million (after transport cost deduction and refining losses), net cash flow projection totals $44 million and the net present value of cash flow projection totals $12 million using a 15 percent discount rate. The scoping study was done by a consulting licensed mining engineer experienced in the operation of alluvial gold mines.

Richard Walters, President of the Company, said, "It is my opinion that we have discovered a commercially viable, industrial-scale alluvial gold deposit that is geologically unique to Alaska but is similar to the big alluvial gold deposits being mined in neighboring Siberia."

Robert Pate, Chief Operating Officer of the Company, confirmed, "We have defined more than 8 million cubic yards of near-surface pay gravels where we can gain the economies of scale in a surface bulk-mining operation. This amount could double as drilling progresses."

Chief Financial Officer of the Company, Ted Sharp, added, "We believe that when investors apply even simple arithmetic, they will see Little Squaw as the great value-buy opportunity we think our stock represents."

The Company does not purport to have a U.S. Securities and Exchange Industry Guide 7 compliant mineral resource. It does, however, believe that the quantity of mineralized material as defined in the scoping study falls within the definition of resource classifications by the Canadian Institute of Mining.

The Company is proceeding with more in-depth engineering studies as it prepares for an aggressive summer drilling program which will be financed by a private placement offering. The Company believes its Chandalar alluvial gold deposit can be streamlined into production because it does not require the use and permitting of milling, chemicals and tailings ponds in the gold recovery process.

Richard Walters, President of Little Squaw, wrote this news release; the Company is responsible for its contents. For additional information regarding Little Squaw, contact Susan Schenk, Manager of Investor Relations: telephone (509) 535-6156; e-mail ir@littlesquawgold.com. Little Squaw maintains a comprehensive Web site at www.littlesquawgold.com.

Little Squaw Gold Mining is engaged in the business of precious-metals discovery. This endeavor carries certain risks that are commensurate with the potential rewards of such efforts. These risks cannot be quantified and should not be taken lightly. All statements made here regarding the firm's investment potential should be considered "forward-looking statements" as defined by prevailing regulatory guidelines. As forward-looking statements, these items represent the measured professional judgment of management. They do not, however, represent guarantees, and unforeseen and/or unforeseeable future developments that may render them either incomplete or incorrect. Actual results, plans, programs, and financial performance may differ materially from express or implied forward-looking statements.

For additional information regarding Little Squaw, contact:
Susan Schenk
Manager of Investor Relations
telephone (509) 535-6156
e-mail ir@littlesquawgold.com

Linux Gold Corp. Receives New Technical Report on the Granite Mountain Property in Western Alaska

VANCOUVER - (Business Wire) Linux Gold Corp. (OTCBB:LNXGF) John Robertson, President of Linux Gold Corp., is pleased to announce that a new 43-101 technical report, for the Granite Mountain Property in western Alaska, and the consent of the author of the report, was filed February 7, 2008 on SEDAR (www.sedar.com).

The Granite Mountain property consists of 276 State of Alaska MTRSC quarter-section mining claims (160 acres each), within seven contiguous claim blocks, recorded in the Cape Nome Recording District. These claims cover approximately 179sqkm. The property is located in western, Alaska, at the east edge of the Seward Peninsula, approximately 240km east-northeast of Nome, and approximately 640 km west of Fairbanks.

The report’s author proposes that further exploration on the Property be conducted in two phases. These phases include a surface exploration program (Phase 1, estimated $504,064 CAN$), and, contingent on encouraging results, a follow-up exploration drilling program (Phase 2, estimated 325,238 CAN$). The total estimated cost of the proposed programs is $829,302 (CAN$).

Phase 1

Surface exploration program which includes rock sampling and geologic mapping of the known prospects, grid base auger drilling, soil sampling, trenching and rock chip sampling, airborne geophysical survey and additional ground geophysical surveys.

Phase 2

Conduct a 6 hole diamond drill program of 3,600 ft (1,097 meters) to test several known mineralized areas and newly discovered drill targets from the Phase 1 surface exploration program.

The full 43-101 technical report can be viewed at:

http://www.linuxgoldcorp.com/gm0643101feb2008.pdf

It is also available on the Company’s website at www.linuxgoldcorp.com.

Mineralization:

Polymetallic mineralization within the Granite Mountain property occurs at numerous locations on the property and in several distinct styles. Extremely limited outcrop exposures have made it difficult to assess the surface extent of mineralization at these locations. Most significant lode and placer occurrences known to date are located on the western portion of the Granite Mountain property, within a broad north-northwest trending mineralization-alteration zone known as the “Kiwalik trend”. In the late 1960’s, USGS geologists first recognized this zone as being spatially associated with the Quartz Creek Pluton and several northwest trending fault structures. Alteration which defines this zone includes widespread propylitic alteration of volcanic rocks and local intense quartz-sericite, carbonate and tourmaline alteration. Polymetallic mineralization, found on the eastern portion of the Granite Mountain property, associated with the Peace River Stock, has a slightly different style and geochemical signature.

The report’s author, Mr. David Adams, is a Qualified Person as defined by National Instrument 43-101. He is a Certified Professional Geologist (American Institute of Professional Geologists #7586), and a member of the Society of Economic Geologists, the Association for Mineral Exploration in B.C, the Alaska Miners Association and the Geological Society of America.

ABOUT LINUX GOLD CORP:

Linux Gold Corp. is involved in exploration of mineral properties. Our current plans are to joint venture and explore our mineral properties in Northern B.C., Alaska and China. Linux Gold Corp. owns 284 State of Alaska mining claims at several locations near Granite Mountain on the eastern Seward Peninsula of Alaska. The Company has acquired a 100% interest in the TY and ORO properties in B.C. Linux Gold Corp. also owns a 50% interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska. Linux Gold Corp. optioned a 50% interest in the Fish Creek claims to Teryl Resources Corp. (TRC-V), retaining a 5% net smelter return or may convert into a 25% working interest. Linux has also staked mineral exploration claims covering 6,400 acres in the Livengood-Tolovana Mining District, in the State of Alaska.

For more information please visit www.linuxgoldcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"John Robertson"
President

READER ADVISORY

This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Linux, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Company’s 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.

Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Linux Gold Corp.
John Robertson, 800-665-4616

Little Squaw’s Big Gold Potential

By Eric Pratt
Mar, 12th

Its not often one discovers an OTC-listed mining company that has a board of directors and management team with the caliber and pedigree of Little Squaw Gold Mining Company (OTCBB:LITS).

The president, Richard Walters, besides being a certified professional geologist with the American Institute of Professional Geologists and a Qualified Person as defined in National Instrument 43-101, was also a founder, director, president and chief operating officer of Yamana Resources Inc. the forerunner to Yamana Gold Inc., (TSX:YRI) between December 1994 and March 2000. He also serves as a director and executive vice-president of Marifil Mines Ltd. (TSX.V:MFM).

Rodney Blakestad, the vice-president of exploration, has in his thirty years as a geologist worked with Columbia Metals Corp. (TSX.V:COL), Nevada Star (now Pure Nickel - TSX:NIC), and Robex Resources (now Robex Gold – TSX.V:RBX). He is credited in part with the discovery of the 4 million ounce Fort Knox Gold Mine, now owned by Kinross Gold Corporation (TSX:KGC).

Robert Pate, the company’s vice-president of operations, is also a 30 year veteran of mine operation and mineral exploration having served with Yamana Resources, Freeport Copper (a division of Freeport McMoran – NYSE: FCX) , Coeur d’Alene Mines (NYSE:CDE), and Atlas Precious Metals were he was the chief geologist at the Gold Bar Mine in Nevada. At Freeport, he was a senior supervisor of the huge Grassberg Indonesia copper/ gold mine.

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Linux Gold Corp. Announces Drilling Program to Commence on its Fish Creek Property in Alaska

VANCOUVER, British Columbia--(BUSINESS WIRE)--Linux Gold Corp. (OTCBB:LNXGF) wishes to announce that our joint venture partner Teryl Resources Corp. (TSX Venture Exchange: TRC, Pink Sheet Symbol: TRYLF) is currently arranging a drill program on the Fish Creek claims in Alaska to test several gold geophysical anomalies and placer targets. The geophysical survey was completed by Fugro Airborne Survey, Inc. under contract to Fairbanks Gold Mining/Kinross Gold, which has identified six main gold targets on the Fish Creek prospect. The Fish Creek claims are adjacent to Teryl’s Gil joint venture claims with Kinross Gold Corp. The Gil joint venture claims are located near the Fort Knox mill, which is the largest producing gold mine in Alaska. Teryl is anticipating an exploration program this year on the Gil joint venture subject to an approved budget. The Fish Creek claims are joint ventured with Linux Gold Corp. wherein Teryl can earn a 50% interest by expending $500,000. Linux Gold Corp. can back-in for a 25% interest in the Fish Creek property after the expenditures of $500,000 are made by Teryl Resources Corp.

Source: Press Release

Gold Dips as Volatility Widens; Oil Rallies & Tokyo Stocks Hit 26-Month Low

Spot Gold Prices fell $6 from an overnight rally to $911 per ounce just before the London open on Tuesday, continuing the wide volatility seen late Monday as Asian stocks fell and the US Dollar held at 7-week lows vs. the Euro and Japanese Yen.

Japan's Nikkei fell 1 percent, finishing below 14,000 for the first time since November 2005 after Bank of Japan chief Toshihiko Fukui said Japan's economic growth will "slow for some time."

The US Dollar held near to Monday's seven-week lows vs. both the Japanese Yen and the Euro ahead of on Tuesday on concern that weak U.S. bank earnings will push the economy closer to recession, fuelling expectations for more Federal Reserve interest rate cuts.

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Whistler Resource Estimate Confirms an Indicated Resource of 840,000 Ounces Gold and an Inferred Resource of 2.74 Million Ounces Gold

TORONTO, ONTARIO, Jan 9, 2008 (Marketwire via COMTEX) -- Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce it has received the initial independent mineral resource estimate on the Whistler and Main Zones at its Whistler Project in Alaska. The report states that the greater Whistler Zone holds an Indicated Resource of 840,000 ounces of gold plus an Inferred Resource of 2.74 million ounces of gold. Consideration of the silver and copper mineralization associated with the gold, produces a gold equivalent resource of 1.31 million ounces in the Indicated category and 4.44 million ounces in the Inferred category.

The independent resource estimate was compiled by SRK Consulting (Canada) Inc. ("SRK") and complies with National Instrument (NI) 43-101 and Canadian Institute of Mining (CIM) guidelines for reporting mineral resources.

Highlights

SRK's Mineral Resource Statement confirms:

- An Indicated Resource containing 840,000 ounces of gold, 2.37 million ounces (Moz) of silver and 159 million pounds (Mlbs) of copper (which equates to 1.31 Moz in a gold equivalent resource);

- An Inferred Resource containing 2.74 Moz of gold, 9.44 Moz of silver and 573 Mlbs of copper (which equates to 4.44 Moz in a gold equivalent resource); and

- The Indicated category contains 30 million tonnes grading 0.87 grams per tonne ("g/t") gold, 2.46 g/t silver and 0.24% copper and the Inferred category contains 134 million tonnes grading 0.64 g/t gold, 2.18 g/t silver and 0.20% copper.

The resource estimation process has also highlighted several untested areas of the Whistler Zone that have the potential to increase the mineral resource significantly, which will be evaluated with follow-up drilling in 2008.

"The initial 43-101 compliant resource estimate on the Whistler Zone is a watershed milestone for Geoinformatics, as it quantifies a large gold resource that can be used as a valuation benchmark for the Company and continues to highlight the merits of our important alliance with Kennecott Exploration Company," commented Kevin L. Snook, Chairman of Geoinformatics. "The results of SRK's resource estimate clearly position Geoinformatics as holding one of the prime North American advanced exploration gold properties, and we will continue to work aggressively to enhance the project and increase its value to our shareholders."

Resource Estimate Summary

The total Indicated and Inferred Mineral Resources are presented in Table 1 below and encompass both the Whistler and Main Zones. The higher grade Main Zone is hosted within the broader mineralized envelope represented by the Whistler Zone.

SRK calculated the resource estimate based on a conceptually modeled and optimized open-pit design (described below) in which 93% of the current total tonnage is extractable through an open pit operation (cut-off grade of 0.3 g/t gold equivalent) and the remaining 7% (cut-off grade of 1.1 g/t gold equivalent) is potentially extractable by bulk underground mining methods following development of the open pit.

Table 1. Mineral Resource Statement(i) for the Whistler Gold Deposit,
Alaska, Prepared by SRK Consulting (Canada) Inc.

---------------------------------------------------------------------------
Tonnage and Grades Total Contained Metal
---------------------------------------------------------------------------
Resource Tonnage Gold Silver Copper Gold Gold Silver Copper Gold
Category (Mt) (g/t) (g/t) (%) Eq(3) (Moz) (Moz) (Mlb) Eq(3)
(g/t) (Moz)
---------------------------------------------------------------------------
Indicated
(open-
pit(1)) 30 0.87 2.46 0.24 1.35 0.84 2.37 159 1.31
---------------------------------------------------------------------------
Total
Indicated 30 0.87 2.46 0.24 1.35 0.84 2.37 159 1.31
---------------------------------------------------------------------------
Inferred
(open-
pit(1)) 123 0.59 2.07 0.19 0.98 2.33 8.19 515 3.86
---------------------------------------------------------------------------
Inferred
(under-
ground(2)) 11 1.16 3.55 0.24 1.66 0.41 1.26 58 0.59
---------------------------------------------------------------------------
Total
Inferred(4) 134 0.64 2.18 0.20 1.05 2.74 9.44 573 4.44
---------------------------------------------------------------------------
---------------------------------------------------------------------------

1. Reported within a conceptual pit shell and based on a cut-off grade of
0.3 g/t gold equivalent adjusted for metallurgical recovery (see
methodology below).

2. Reported based on an underground bulk mining method using a cut-off
grade of 1.1 g/t gold equivalent adjusted for metallurgical recovery.

3. Total grade and Total Contained Metal gold equivalent grade and ounces
estimated based on 100% recovery, $550 per ounce gold, $8 per ounce silver
and $1.50 per pound of copper.

4. Totals may vary due to rounding.

(i) Notes: Mineral resources, which are not reserves, do not yet have
demonstrated economic viability.

SRK is unaware of any environmental, permitting, legal, title,
taxation, socio-political, marketing or other relevant issues
that may materially affect this resource estimate

"We believe that the SRK resource estimate is just the beginning of the development of the Whistler area as a new porphyry province," stated Dr. Nick Archibald, Chief Executive Officer of Geoinformatics. "The Whistler Zone itself remains open in several directions and at depth, and numerous high-quality exploration targets with similar geophysical signatures have been identified in close proximity. We intend to drill test the Whistler Zone targets which have the potential to significantly increase the resource estimate."

Next Steps

Geoinformatics plans to aggressively advance the Whistler Zone through further definition drilling of mineralized zones in both the high-grade Main Zone, as well as the extended mineralized envelope. The objective of the program will be to move resources in the Indicated and Inferred categories, respectively, into higher categories as part of a plan to complete a feasibility study on the deposit as soon as possible.

In addition, the resource estimation process has highlighted several areas in the immediate vicinity of prior drilling that are currently untested and which have the potential to significantly increase the reported mineral resource estimate. Geoinformatics intends to conduct a comprehensive exploration program on these high-priority targets in 2008.

The third component for this year's strategy will be the drilling of currently-identified high-priority regional targets as successful identification of other regional mineralized zones could positively impact the economics of the Whistler Zone.

SRK Qualifications and Methodology

SRK is a worldwide independent engineering, environmental and geological consulting company with over 700 engineers and scientists and a reputation for excellence in the estimation of mineral resources. In August 2007, Geoinformatics engaged SRK to audit the Whistler Project and to prepare an initial independent technical report on it, compliant with NI 43-101 guidelines, which was filed on SEDAR (www.sedar.com) on November 8, 2007. The scope of work was expanded, as announced in November 2007, to include completing an independent estimate of the mineral resources in the Whistler Gold Deposit. The updated NI 43-101 report will be filed on SEDAR within 45 days.

The resource estimate prepared by SRK was based on a three-dimensional (3-D) geologic and mineralization model that integrated over 7,250 meters of drilling in 31 holes and included a block model. This drilling has been audited and validated by SRK in accordance with CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines and with National Instrument 43-101 guidelines.

Metal grades were estimated and incorporated into a block model that was constructed using capped composites and ordinary "kriging". A density factor of 2.72 tonnes per cubic metre was used to convert volumes into tonnage, based on 21 core specific gravity samples as determined by ALS Chemex Laboratory in Vancouver, Canada. Kriging is a geo-statistical technique commonly used in mineral resource estimates.

The near surface Whistler mineral resource has been modeled within a conceptual pit shell generated using Whittle Pit Optimization software. The Whistler in-pit mineral resource is based on a 0.30 g/t recovered gold equivalent in-pit cut-off grade assuming a 75% recovery for gold and silver and a 85% recovery for copper and using metals prices of US$550/oz for gold, US$1.50/lb for copper and US$8/oz for silver. Mining parameters used in the Whittle pit optimization were based on those from similar projects and include 2.5% pit mining losses, 35% pit slope angle, average mining cost of US$1.50/t rock and processing cost of US $7.50/t rock. Items such as refinery costs or concentrate shipping charges were not included in the calculation. Mineral resources are not reserves and do not have demonstrated economic viability.

About the Whistler Project

The Whistler Project was acquired as a target-of-merit from Kennecott in June 2007 (see "Kennecott - Geoinformatics Alliance Agreement" below), and encompasses approximately 440 contiguous sq. km. in relatively flat topography at the northeastern end of the prospective Southern Alaskan Range. This range hosts the giant Pebble copper-gold-molybdenum-silver deposit further to the southwest. The large property is located approximately 160 km. northwest of Anchorage, Alaska, and consists of 732 mining claims on state land designated for mineral exploration and development.

The Whistler Zone outcrops on a broad, relatively flat ridge with very little vegetation cover at an elevation of approximately 800 metres. The deposit has been interpreted from extensive drilling as a large gold-copper-silver porphyry system.

The Whistler Project also includes a significant number of regional exploration targets. These regional targets have largely been identified directly from geophysical "signatures" similar to that of the Whistler Zone or from Geoinformatics' proprietary auto-intrusion detection technology. Though the Whistler Zone is the only target found to-date which comes to surface, a number of regional targets have mineralized geochemistry samples, and several reconnaissance drill holes have intersected mineralization, including the Rainmaker Prospect with an intercept of 184 metres grading 0.44 g/t gold and 0.19% copper.

To view a map of "Figure 1. Whistler Project Location", please visit the link below:

http://www.ccnmatthews.com/docs/whistlerprojectlocation.pdf

Kennecott - Geoinformatics Alliance Agreement

All Whistler prospects and properties mentioned in this press release fall under the Kennecott-Geoinformatics Master Strategic Alliance Agreement (the "Alliance Agreement"). The Company entered into the Alliance Agreement effective March 2006 under which it is using its proprietary geo-science and technology platform (the "Geoinformatics Process") to identify, prioritize and drill more than 30 exploration drill targets over the initial two years of the Agreement. The Whistler Project was acquired by Geoinformatics as a target-of-merit under the Alliance Agreement in June 2007, and Kennecott retains a back-in right to acquire either a 51% or 60% interest in the Whistler Project under certain circumstances. Please refer to Geoinformatics' press-release dated August 14, 2006, for further information.

Qualified Persons

The technical content of this release has been reviewed by Darren Holden, MAusIMM, Executive Vice President - Operations of Geoinformatics. The resource estimate and technical report for the project was completed by George Wahl, an Associate Principal Resource Geologist with SRK and was reviewed by Dr. Jean-Francois Couture, P.Geo, of SRK. By virtue of their academic backgrounds and professional experience, Mr. Holden, Mr. Wahl and Dr. Couture are all "qualified persons" as defined by NI 43-101.

About Geoinformatics

The Geoinformatics Process integrates large-scale data aggregation, data mining and three-dimensional modeling, and has been designed to assist in understanding and quantifying risk at a much earlier stage of the exploration cycle than has traditionally been available. The Company's objective is to advance its properties to the stage of commercial development by applying faster, less expensive and more reliable analytical methods to resource exploration.

In addition to the Whistler Project, Geoinformatics is continuing to advance several exploration projects located in Utah (Stockton), the Battle Mountain Trend region of Nevada (Colorback), and the State of Sinaloa, Mexico (La Noria/Azulitas) to the resource estimate stage as quickly as possible. Fourteen Company-owned properties in the State of Sonora, Mexico, fall under a joint venture in which Azure Minerals Limited is earning a 51% interest by spending US$4 million. Geoinformatics also has an extensive portfolio of other direct and indirect property interests, joint ventures, and royalties covering a wide range of minerals in Mexico, Australia and New Zealand and North America.

This news release includes certain forward-looking statements concerning the future performance of Geoinformatics' business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in Geoinformatics' securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.

SOURCE: Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.
Dr. Nick Archibald
Executive Vice-Chairman and CEO
(416) 861-1300 x224
Email: nicka@geoinformex.com
Geoinformatics Exploration Inc.
Mr. Darren Holden
Executive Vice President - Operations
(604) 605-3073 x101
Email: darrenh@geoinformex.com
Website: www.geoinformex.com

Little Squaw Trenching Confirms Extensive Gold System at Chandalar

SPOKANE, WA, Dec 20, 2007 (MARKET WIRE via COMTEX) -- Little Squaw Gold Mining Company (OTCBB: LITS) ($0.73) ("Little Squaw" or "the Company") reports that assay results from additional hard rock trenching continue to show significant widespread gold mineralization within multiple geologic structures on the Company's wholly owned Chandalar, Alaska, mining property. The findings of the 2007 excavator trenching program have solidified several diamond drilling targets for 2008 and confirm that the Company is dealing with a strong and substantially underexplored system of gold mineralization.

Previously announced excavator trench intercepts for the Pallasgreen, Pioneer, and Summit prospects reported widths of 20 to 30 feet of 0.309 to 0.333 ounces gold per short ton (6 to 9 meters at 10.58 to 11.40 grams gold per tonne). Additional assay results for rock-chip channel samples taken in trenches dug on the Chandalar, Bonanza, Kiska, and Mikado prospects are shown in the table below. This trenching cut several structures that assay 0.015 to 0.039 ounces gold per short ton (3 to 12 meters at 0.50 to 1.35 grams gold per tonne) over widths of 10 to 40 feet. These values are based on assay results with a cutoff of 10 feet at 0.015 ounces gold per short ton. The rock surrounding the structures is hydrothermally altered and contains trace amounts of gold.

Trenching at the Mikado prospect yielded the most interesting results. A small mine on this prospect is known to have produced about 6,800 tons of ore averaging about 1.5 ounces gold per short ton (46.65 grams gold per tonne) from an open-ended ore shoot. The controlling structure is a major, 8-mile-long fault that contains quartz veins. A series of trenches across a portion of this structure traced the mineralization continuously over 2,500 feet of strike length. The average mineralized trench intercept is 24 feet at 0.023 ounces gold per short ton (7.3 meters at 0.79 grams gold per tonne). The persistent gold mineralization with association of hydrothermal alteration and the magnitude of its controlling structure make the Mikado prospect a prime target for drill testing.

The Company's 24-square-mile property covers most of the Chandalar mining district. The district's prospects are mostly aligned along a series of 10 subparallel northwest-southeast structural belts, each several miles long and spaced thousands of feet apart. Sections of these structural belts contain gold mineralization within quartz veins. These are mesothermal veins and fall into a category of gold deposits often called "lode gold" or 'greenstone gold," which are responsible for about a quarter of the world's total gold production.

The Company believes it has identified promising gold showings within a favorable geologic setting at Chandalar. Continued systematic exploration of this system of gold mineralization could result in the discovery of a commercial gold deposit.

Richard Walters, President of Little Squaw Gold Mining Company, is responsible for this news release. For additional information regarding Little Squaw Gold Mining, contact Susan Schenk, Manager of Investor Relations, by telephone at (509) 535-6156, or by e-mail at ir@littlesquawgold.com. Little Squaw maintains a comprehensive Web site at www.littlesquawgold.com.

Little Squaw Gold Mining is engaged in the business of precious-metals discovery. This endeavor carries certain risks that are commensurate with the potential rewards of such efforts. These risks cannot be quantified and should not be taken lightly. All statements made here regarding the firm's investment potential shouldbe considered "forward-looking statements" as defined by prevailing regulatory guidelines. As forward-looking statements, these items represent the measured professional judgment of management. They do not, however, represent guarantees, and unforeseen and/or unforeseeable future developments may render them either incomplete or incorrect. Actual results, plans, programs, and financial performance may differ materially from express or implied forward-looking statements.

                         CHANDALAR TRENCH ASSAYS
       For the Chandalar, Bonanza, Kiska and Mikado prospects
Minimum reported interval is 10 feet at 0.015 ounces gold per short ton
               (3 meters at 0.50 grams gold per tonne)
TRENCH                  Interval                Gold                 Gold
#       Prospect        Feet      Footage     oz/st     Meters     g/t
------    ---------   -----------   -------     -----     ------     ----
1       Chandalar      0 - 10        10       0.028       3.0      0.95
------    ---------   -----------   -------     -----     ------     ----
------    ---------   -----------   -------     -----     ------     ----
6       Bonanza        0 - 17        17       0.056       5.2      1.93
------    ---------   -----------   -------     -----     ------     ----
------    ---------   -----------   -------     -----     ------     ----
17      Kiska         50 - 60        10       0.022       3.0      0.77
------    ---------   -----------   -------     -----     ------     ----
18      Kiska        5.5 - 42       36.5      0.015      11.1      0.51
------    ---------   -----------   -------     -----     ------     ----
------    ---------   -----------   -------     -----     ------     ----
19      Mikado       108 - 118       10       0.057       3.0      1.95
------    ---------   -----------   -------     -----     ------     ----
                     168 - 205       37       0.017      11.3      0.58
------    ---------   -----------   -------     -----     ------     ----
20      Mikado        53 - 88        35       0.015      10.7      0.52
------    ---------   -----------   -------     -----     ------     ----
                     161 - 214       53       0.015      16.2      0.52
------    ---------   -----------   -------     -----     ------     ----
                     300 - 310       10       0.034       3.0      1.18
------    ---------   -----------   -------     -----     ------     ----
                     435 - 470       35       0.036      10.7      1.22
------    ---------   -----------   -------     -----     ------     ----
21      Mikado      81.5 - 112      30.5      0.016       9.3      0.55
------    ---------   -----------   -------     -----     ------     ----
22      Mikado         2 - 32        30       0.015       9.1      0.53
------    ---------   -----------   -------     -----     ------     ----
23      Mikado         0 - 25        25       0.019       7.6      0.64
------    ---------   -----------   -------     -----     ------     ----
                     143 - 155       12       0.023       3.7      0.78
------    ---------   -----------   -------     -----     ------     ----
40      Mikado       165 - 180       15       0.023       4.6      0.79
------    ---------   -----------   -------     -----     ------     ----
                     225 - 235       10       0.018       3.0      0.63
------    ---------   -----------   -------     -----     ------     ----
41      Mikado        86 - 112       26       0.016       7.9      0.55
------    ---------   -----------   -------     -----     ------     ----
                     477 - 487       10       0.015       3.0      0.50
------    ---------   -----------   -------     -----     ------     ----
                     557 - 567       10       0.043       3.0      1.46
------    ---------   -----------   -------     -----     ------     ----
2E      Mikado        70 - 110       40       0.039      12.2      1.35
------    ---------   -----------   -------     -----     ------     ----
                     130 - 150       30       0.018       9.1      0.63
------    ---------   -----------   -------     -----     ------     ----
4E      Mikado         0 - 10        10       0.040       3.0      1.36
------    ---------   -----------   -------     -----     ------     ----

Contact:
Susan Schenk
Manager of Investor Relations
(509) 535-6156
ir@littlesquawgold.com

SOURCE: Little Squaw Gold Mining Company

mailto:ir@littlesquawgold.com

ITH Expands Terra High-Grade Gold Project, Alaska

nternational Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX VENTURE: ITH)(AMEX: THM)(FRANKFURT: IW9) is pleased to announce the drill results for the final four holes of its 2007 exploration program at its Terra Project in Alaska. Resource definition results, which will form part of the forthcoming 43-101 resource estimate, continue to expand and confirm the extent and gold continuity of the Main Ben Vein. In addition, exploration drilling, 3 kilometres to the south of the Ben Vein, has intersected an exciting new high-grade vein system at the Ice Vein target (Tables 1 and 2).

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In the Ben Vein area, all twenty holes completed to date have intersected the main vein as well as a number of new subsidiary gold bearing veins in the foot and hanging wall (Figure 1). The Ben Vein system is open along strike and at depth, with a minimum strike length of 400 metres and depth of at least 300 metres (Figure 2). The mineralized vein varies in true width (using a 3 g/t cutoff grade) from 0.2 to 3.0 metres, and averages 1.04 metres at 19.8 g/t gold with the high-grade zone averaging 1.27 metres at 23.0 g/t gold.

All three of the holes drilled at the Ice target intersected a previously unknown high-grade gold vein zone. The Ice Vein system has now been traced 175 metres down dip and remains open.


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Interpretation

The thirty drill holes completed to date at Terra have defined four vein systems within a five kilometre long, highly prospective, gold trend. The veins occur within and adjacent to dioritic intrusive rocks of similar age to the Donlin Creek gold deposit to the west. These high-grade gold veins generally strike north-northwest and dip steeply to the southwest.

The final drill hole of the season at the Ben Vein zone (TR-07-31) contained a 9.5 metre intersection which, at a 1 g/t cutoff, is the thickest drilled to date (Table 2). The information indicates that the Ben Vein may contain a number of high-grade shoots within the overall vein structure. Now that all 2007 drill results are finalized, the Company has initiated resource modeling of Ben Vein, which is presently anticipated to be completed in the first quarter of 2008.

Initial drill testing of the Ice Vein has established the continuity of this vein system for 175 metres down dip from the outcrop and has revealed a veinlet-hosted zone in the shallow subsurface which assays up to 4 grams gold over a 5.0 meter intersection (TR-07-30, Table 1). These results confirm the structural continuity of the Ice 1 Vein and highlight the potential of this zone to add to the overall Terra Project resource.

Table 1: Intercepts of Gold Mineralization (using a 3 g/t cutoff)

---------------------------------------------------------------------------
From To Thickness Gold Grade Vein
Drill Hole Area (metres) (metres) (metres) (g/t) Name
---------------------------------------------------------------------------

---------------------------------------------------------------------------
TR-07-29 Ice 23.33 24.00 0.67 6.76 Ice-1
---------------------------------------------------------------------------
132.75 135.17 2.42 9.53 Ice-2
---------------------------------------------------------------------------

---------------------------------------------------------------------------
TR-07-30 Ice 3.96 4.46 0.50 4.47
---------------------------------------------------------------------------
8.47 8.91 0.44 9.51
---------------------------------------------------------------------------
10.65 15.7 5.05 3.96 Ice-1
---------------------------------------------------------------------------
140.82 142.45 1.63 3.68 Ice-2
---------------------------------------------------------------------------
158.95 160.17 1.22 3.30
---------------------------------------------------------------------------

---------------------------------------------------------------------------
TR-07-31 Bens 61.11 61.41 0.30 3.97
---------------------------------------------------------------------------
133.65 134.90 1.25 3.30
---------------------------------------------------------------------------
136.15 136.40 0.25 3.23
---------------------------------------------------------------------------
137.15 139.90 2.75 8.40 Ben Main
---------------------------------------------------------------------------
141.65 142.40 0.75 29.67
---------------------------------------------------------------------------
153.90 154.10 0.20 14.15
---------------------------------------------------------------------------
156.67 157.88 1.21 4.23
---------------------------------------------------------------------------

Table 2: Significant Ice and Ben Vein Gold Intersections (using a 1 g/t
cutoff)

---------------------------------------------------------------------------
From To Thickness Grade (g/t) Vein
Drill Hole Area (metres) (metres) (metres) Au Name
---------------------------------------------------------------------------

---------------------------------------------------------------------------
TR-07-29 Ice 22.25 24.00 1.75 3.94 Ice-1
---------------------------------------------------------------------------
132.75 135.17 2.42 9.53 Ice-2
---------------------------------------------------------------------------

---------------------------------------------------------------------------
TR-07-30 Ice 10.40 15.70 5.30 3.89 Ice-1
---------------------------------------------------------------------------
140.82 144.52 3.70 3.14 Ice-2
---------------------------------------------------------------------------

---------------------------------------------------------------------------
TR-07-31 Bens 132.90 142.40 9.50 6.26 Ben Main
---------------------------------------------------------------------------

---------------------------------------------------------------------------
TR-07-32 Ice 8.72 9.20 0.48 2.28 Ice-1
---------------------------------------------------------------------------

To view, Figure 1: Plan maps of Terra drill hole locations, please click on the following link: http://www.ccnmatthews.com/docs/1108ith.jpg

To view, Figure 2: Long-section of the main Ben Vein with down hole intersections (not true width), please click on the following link: http://www.ccnmatthews.com/docs/1108ith1.jpg

On November 5, 2007 the Company provided notice to AngloGold Ashanti (U.S.A.) Exploration Inc. ("AngloGold") that it has incurred sufficient expenditures to vest its 60% ownership in the project. AngloGold now has 90 days to decide whether or not to exercise its right to earn back an additional 20% interest in the project by incurring USD 4,000,000 in expenditures over the next two years. Should AngloGold elect not to exercise its back-in right, each party will thereafter be responsible for contribution its share of ongoing joint venture expenditures. If a party fails to provide its cost share of ongoing expenditures, its interest in the project will be diluted on a straight-line basis. When a party's interest is reduced to 10% or less, such interest will be automatically converted into a 2% net smelter return royalty.

Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Pontius is the President and CEO of the Company.

The work program at Terra was designed and supervised by Dr. Russell Myers, Vice President of Exploration, Talon Gold (US) LLC (a wholly owned subsidiary of ITH responsible for carrying out the Company's exploration programs), who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project photograph all sample shipments which are then sealed and shipped to ALS Chemex for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to advanced gold and base metal discoveries. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.

On behalf of

INTERNATIONAL TOWER HILL MINES LTD.

Jeffrey A. Pontius, President and Chief Executive Officer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the potential for the expansion of the Ben and Ice Vein systems, the discovery and delineation of mineral deposits/resources/reserves at the Terra project, the timing of the preparation of a 43-101 resource estimate for the Terra project, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its US disclosure filings at www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.

Contacts:
International Tower Hill Mines Ltd.
Quentin Mai
Vice-President - Corporate Communications
(604) 683-6332 or Toll Free: 1-888-770-7488
(604) 408-7499 (FAX)
Email: qmai@internationaltowerhill.com
Website: www.internationaltowerhill.com