San Gold’s New L10 Zone Grows with Robust Widths and Grade

SGR: TSX || SGRCF: OTCQX
www.sangold.ca

BISSETT, MB, Nov. 9 /CNW/ - Dale Ginn, CEO of San Gold Corporation (SGR: TSX) (SGRCF: OTCQX) is pleased to report that underground exploration drilling is confirming and extending the new L10 Zone located below and to the footwall side (south) of the Hinge Mine. Drill hole # H955-10-010 yielded 36.3 g/tonne (1.06 oz/ton) over 13.3 meters (43.4 ft), continuing to demonstrate robust widths. Significant grade was also encountered as highlighted by drill hole # H955-10-073, cutting 120 g/tonne (3.50 oz/ton) over 2.3 meters (7.5 ft). Six of the new holes listed below were successful in extending the L10 Zone upwards above the 300 meter level. The L10 zone is located 150 meters to the footwall (south) of the Hinge zone and has similar geological characteristics and strike direction as the 007 zone. Ten intersections are reported within nine drill holes in the L10 zone as tabulated below. A summary of previous underground drilling is also included as well as a list of surface exploration holes that are now interpreted to have intersected the L10 zone:

Hole #		From (m)		To (m)		(m) Length (ft)			(g/tonne) Gold (oz/ton)			Zone/Lens
H955-10-008		218.6		220.5		1.9	6.1		3.1	0.09		L10
H955-10-010		226.4		239.7		13.3	43.4		36.3	1.06		L10
including		228.7		236.0		7.3	24.0		64.1	1.87		L10
H955-10-063		211.4		213.3		1.9	6.2		19.5	0.57		L10
H955-10-065		207.3		213.9		6.6	21.6		12.3	0.36		L10
H955-10-067		200.8		205.2		4.4	14.4		15.8	0.46		L10
H955-10-068		203.8		207.0		3.2	10.6		18.5	0.54		L10
H955-10-073		191.5		193.8		2.3	7.5		119.9	3.50		L10
H955-10-134		189.4		193.1		3.7	12.1		15.8	0.46		L10
H955-10-135		191.2		195.1		3.9	12.8		7.9	0.23		L10

The L10 zone remains open along strike in both directions as well as to depth. The drill hole intersections as listed above within the L10 zone are located between 270 meters and 430 meters in depth and over a strike length of approximately 160 meters. The L10 Zone is tabular and steeply dipping to the north and possesses robust widths with consistent mineralization which appear to be amenable to mechanized (possibly longhole) mining methods. The L10 zone is accessible from the Hinge/007 decline; development is underway and will reach the L10 zone early in the first quarter of 2011.

The following table is a summary of underground drilling results on the L10 Zone prior to today's release:

Hole #		From (m)		To (m)		(m) Length (ft)			(g/tonne) Gold (oz/ton)			Zone/Lens
H955-10-003		252.2		259.0		6.8	22.4		7.2	0.21		L10
H955-10-004		233.7		242.4		8.7	28.6		7.5	0.22		L10
H955-10-005		217.2		218.6		1.4	4.6		19.9	0.58		L10
H955-10-006		226.3		233.4		7.1	23.3		6.5	0.19		L10
H955-10-007		231.6		243.2		11.6	38.1		12.7	0.37		L10
including		239.0		242.7		3.7	12.1		22.3	0.65		L10
H955-10-009		220.2		225.8		5.6	18.4		6.5	0.19		L10
H955-10-039		244.8		259.1		14.3	46.9		4.1	0.12		L10
H955-10-051		245.0		251.6		6.6	21.8		8.6	0.25		L10
including		249.2		251.6		2.4	7.9		16.4	0.48		L10
H955-10-062		271.4		274.8		3.4	11.2		9.6	0.28		L10
H955-10-064		212.9		218.2		5.3	17.4		12.0	0.35		L10
H955-10-069		220.0		222.8		2.8	9.2		13.7	0.40		L10
H985-10-003		272.0		278.4		6.4	21.0		6.2	0.18		L10
H985-10-004		264.8		267.0		2.2	7.2		6.9	0.20		L10
H985-10-007		279.9		282.2		2.3	7.6		7.5	0.22		L10
H985-10-008		275.6		277.1		1.5	4.9		10.7	0.31		L10
H985-10-012		274.7		276.2		1.5	4.9		8.2	0.24		L10
H985-10-030		305.9		308.5		2.6	8.5		31.5	0.92		L10
H96-09-096		255.4		263.0		7.6	24.9		8.2	0.24		L10

The following table is a summary of all past exploration holes drilled from surface that are now known to have been drilled deep enough to have intersected the L10 Zone:

Hole #			(m) Length (ft)				(g/tonne) Gold (oz/ton)				Zone/Lens
GS-08-37			16.6	54.5			16.8	0.49			L10
including			4.3	14.1			48.4	1.41			L10
GS-08-62			2.1	6.7			3.8	0.11			L10
GS-08-64			4.3	14.1			6.2	0.18			L10
GS-08-69			5.6	18.5			6.9	0.20			L10
GS-08-90			1.7	5.5			7.5	0.22			L10
GS-08-104			4.7	15.3			7.9	0.23			L10
GS-09-06			5.4	17.8			6.9	0.20			L10
GS-09-22			7.3	24.0			7.2	0.21			L10

Sections and diagrams related to this press release are available at the company's website www.sangold.ca, including a detailed longitudinal section displaying the results to date.

This program was carried out under the supervision of W.S. Ferreira, P.Geo., the Qualified Person for this project under National Instrument 43-101. The drill core was split, with half sent to TSL Laboratories in Saskatoon, SK and fire assayed with an AA and gravimetric finish. Underground drill core samples may be assayed on site in the company's assay lab using the fire assay method with an AA finish. San Gold's quality control program includes the insertion of blanks and standards, the retention of pulps and rejects, and spot checks utilizing independent labs including TSL Laboratories in Saskatoon, SK and Accurassay Laboratories in Thunder Bay, ON. Core lengths are actual lengths as drilled and have not been adjusted for the true width of the mineralized zones. In instances where high grade intervals are combined, resulting in a lower grade, wider interval, all assays are utilized including any internal waste which may have zero grade. Whole metallic assays were performed on samples containing visible gold.

---

Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

Dale Ginn Chief Executive Officer                                             San Gold Corporation [phone]

Investor Relations 1-800-321-8564