Gold Exploration in West Africa

[FL]

GUINOR (TSX & OSE: GNR) DRILLING RETURNS GRADES SIGNIFICANTLY ABOVE AVERAGE RESERVE GRADES
London, 7 February 2005/CNW/

[part of story]

"Guinor Gold Corporation (Guinor) is pleased to announce the results of the detailed drilling program conducted between August and December 2004 in and around its 85% owned LEFA gold deposits on the Dinguiraye Concession in Guinea, West Africa. A detailed review of all the holes from the recent program, and various plans and sections highlighting the position/results are available on our website www.guinor.com. We have highlighted a number of the more interesting results below. A total of 324 RC/DD holes were drilled between August and December 2004.

Trevor Schultz, President and CEO of Guinor commented - 'All the areas reflected in this release are new areas contiguous to the existing pits of Lero Karta and Fayalala. Of the areas drilled, Guinor is most encouraged by the widths and grades intercepted at the emerging Lero South, where results are amongst the most significant ever encountered within the LEFA mining corridor. In addition, the holes encountered at Camp De Base and Bofeko offer further encouragement for an increase in reserve ounces, and perhaps more importantly, reserve grade. The availability of near surface, higher grade material augurs well for the potential economics of the expansion. As an example, Lero South contributed 750,000t of inferred resources to the recently announced resources at a grade of 4.23 g/t, significantly above the overall current reserve grade of 1.7 g/t.'
..."

For full story and drilling tables see:

http://www.huginonline.com/plsql/try/pressreleases.queryview?P_IDENTIFIER=979280&p_la=5&p_we...