San Gold Corporation (SGRCF)

[NYBob]

San Gold Announces Short-Term Operational Changes -




Mar 23, 2015
WINNIPEG, March 23, 2015 /CNW/ -

San Gold Corporation (TSX: SGR) ("San Gold" or the "Company") announced
today it has initiated a number of temporary operational changes at its
Rice Lake mine.

The changes are being implemented to conserve cash and reduce the
potential for additional short-term financing as the Company completes
its Sales and Investor Solicitation Process (SISP).

Among these changes is a significant slowdown in development activities
toward new ore zones.

The Company has already completed all development required for three main
working areas that can be mined and milled
prior to completion of the SISP.

As a result of continued weakness in gold prices and the lack of
availability of new financing from capital markets, the Company
has elected to suspend all additional development activities not
directly associated with these three areas.

About San Gold

San Gold is an established Canadian gold producer,
explorer, and developer that owns and operates
the Rice Lake Mining Complex near Bissett, Manitoba.
San Gold is listed on the Toronto Stock Exchange under
the symbol "SGR".

Cautionary Note

No stock exchange, securities commission or other regulatory---- readers
should not place undue reliance on forward-looking statements.

SOURCE San Gold Corporation


For further information: on San Gold,
please visit

http://www.sangold.ca

or contact: Greg Gibson, President and CEO, Toll Free: 1 [phone],
[e-mail];
Mandeep Rai, Chief Financial Officer

SAN GOLD CORPORATION -
CORPORATE PRESENTATION -
January 2015 -

http://www.sangold.ca/i/pdf/corporate_presentation.pdf

http://sangold.mediaroom.com/2015-03-23-San-Gold-Announces-Short-Term-Operational-Changes







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