ML GOLD
CORPORATION

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ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) is pleased to announce that crews are now back in the field drilling at the Stars project following a temporary break as a result of the abnormal wildfire season in central BC. Drilling is set to continue through October and will target the newly identified porphyry and the related fluid “conduit” responsible for copper mineralization on the Stars project.

New hydrothermal breccias identified in drill core with grades in excess of 0.5% copper, cemented with chalcopyrite, are important indications that there is a significant copper bearing hydrothermal system intimately related to the newly identified porphyry. Specifically, several 10 foot samples grading up to 0.78% Copper are attributed to this early potassic phase which occur within the previously reported Hole 10 interval of 189 meters at 0.33% CuEq. Drilling will continue to test the copper bearing breccias and intrusions, and test the mineralization to greater depths where more consistent higher grades of copper are anticipated.

Newly identified copper breccia in Hole 10 (DD18SS010) and its significance:

-      Early hydrothermal breccia event developed during potassic conditions based on absence of pyrite and sericite in the matrix.

-      Dynamic system where a copper-bearing hydrothermal fluid has exploded to produce the breccia composed of coeval porphyry and the chalcopyrite cement.

-      Predictable zonation with pyrite dominant at the top moving to lower sulphidation state mineralogy (chalcopyrite, chalcopyrite-bornite, bornite) at depth.

-      High in the system, leaving significant potential at depth.

-      Early in discovery cycle.

Assays from additional completed holes are pending, and will be released as soon as possible.

ML Gold’s Stars project is ideally located 60km southwest of the resource town of Houston, B.C. The project site is low-elevation, gentle topography, and is accessible by all-season main line resource roads making it ideal for low-cost mine development.

Adrian Smith, President of ML Gold comments “We are extremely excited to continue drilling and to follow the newly identified copper system into a potentially economic ore body. Being involved in such an early stage project that is having success in only its first year of exploration is full of exciting milestones; I believe the recent identification of a mineralized porphyry and breccia with grades in excess of 0.5% Copper is one of those milestones.”

ABOUT ML GOLD CORP.

ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in Canada and the United States.

For additional information please visit the Company’s website at www.mlgoldcorp.com. You may also email This email address is being protected from spambots. You need JavaScript enabled to view it. or call investor relations at (604) 669-2279.

ML GOLD CORP.    

“Adrian Smith”                                               

Adrian Smith                                      

President         

 

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.  When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$,  changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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