San Gold Corporation (SGRCF)

[NYBob]

San Gold Issues Invitation for Offers -
Mar 5, 2015

http://sangold.mediaroom.com/2015-03-05-San-Gold-Issues-Invitation-for-Offers

WINNIPEG, March 5, 2015 /CNW/ -



San Gold Corporation (TSX: SGR)
("San Gold" or the "Company") announced today that, pursuant to an order
(the "Order") of the Court of Queen's Bench (Winnipeg Centre) (the
"Court") dated February 26, 2015 San Gold Corporation ("San Gold")
obtained Court approval to conduct a Sale and Investor Solicitation
Process ("SISP"). Pursuant to the SISP and the Order, Beacon Securities
Limited is soliciting proposals from strategic and financial parties to
acquire the property, assets and business of, or to invest in 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.

The SISP is being carried out pursuant to the San Gold's Notice of
Intention ("NOI") to make a proposal to its creditors. MNP Ltd. is
the proposal trustee for the NOI process and will also supervise
the SISP.

Interested parties may obtain additional information by contacting
Beacon Securities Limited at:

Beacon Securities Limited
Stephen J. A. Delaney, Director, Investment Banking
[phone]
[e-mail]

Materials related to the NOI proposal process may be found at the website of MNP Ltd. at
http://mnpdebt.ca/en/corporate-insolvency/corporate-engagements/pages/details.aspx?title=san-gold-corporation.

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 authority
has approved or disapproved the information contained herein.
This news release includes certain "forward-looking statements". All
statements, other than statements of historical fact included in this
release are forward-looking statements that involve various risks and
uncertainties.

Any statements that express or involve discussions ---- 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; Mandeep Rai,
Chief Financial Officer;
Toll Free: 1 [phone],
[e-mail]

http://sangold.mediaroom.com/2015-03-05-San-Gold-Issues-Invitation-for-Offers
God Bless