SAN GOLD ANNOUNCES CONDITIONAL TORONTO STOCK EXCHANGE (TSX) LISTING APPROVAL

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

SGR: TSX-V || SGRCF: OTCQX

www.sangold.ca

BISSETT, MB, Oct 8 /CNW/ - San Gold Corporation (the "Corporation") is pleased to announce that it has received the conditional approval of the Toronto Stock Exchange (the “TSX”) for the listing of the Corporation’s common shares on the TSX. Once listed on the TSX, the common shares will continue to trade under the symbol “SGR”.

Listing of the common shares is subject to compliance with all of the requirements of the TSX, including receipt of all required documentation by the TSX no later than January 5, 2011. The Corporation anticipates filing final listing materials with the TSX within the next few days. The Corporation will issue a further news release as soon as the date for trading on the TSX has been confirmed. Once listed on the TSX, the Corporation’s common shares will be delisted from the TSX Venture Exchange.

Neither 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.

The information in this release may contain forward-looking information under applicable securities laws. 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 in the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic condition or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned to not place undue reliance on this forward-looking information. The Corporation 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.

For further information:

Dale Ginn Chief Executive Officer                                                  San Gold Corporation [phone]

Investor Relations 1-800-321-8564