Carpathian Gold Inc. (TSX:CPN) (the "Corporation" or "Carpathian") wishes to
report that it has received the Licenca Previa ("LP"), the first of three
permits, that allows Carpathian to proceed to build, develop and operate the
100% owned Riacho dos Machados ("RDM") Gold Project, located in Minas Gerais
State. In addition, the definitive feasibility study is progressing on-target
for completion at the end of the second quarter of 2010.


Mineracao Riacho dos Machados ("MRDM"), the wholly owned Brazilian subsidiary of
Carpathian has received the approval for the Licenca Previa ("LP"), which is the
first of three permits that are required by the Brazilian environmental agency,
COPAM, that now allows Carpathian to proceed to build, develop and operate the
RDM Gold Project. Carpathian can now initiate land works on the project, such as
pre-stripping, construction of the tailings dam and land clearing for the
infrastructure. With support documentation from the on-going feasibility study
Carpathian will advance to the next step in obtaining the Licenca Instalac o
("LI") that will allow construction to begin on the project. The anticipated
target date for the LI to be granted is July of this year. The final permit, the
Licenca Operac o ("LO"), which is the final permit required to operate the mine
will be obtained when the construction of the project is nearly complete.


Carpathian is also pleased to announce that Hatch Brasil has been commissioned
to oversee the completion of the feasibility and will be retained for the
management of the engineering, procurement, construction, and the cost control
of the project.


The feasibility study is progressing with the anticipated completion at the end
of the second quarter. Geologic modelling for the new resource estimate has been
completed and includes all data from the phase II in-fill drilling program
within the Preliminary Economic Assessment open pit design. This new resource
estimate, which is currently underway, will likely be released in conjunction
with the reserve estimate at the same time as the public release of the NI
43-101 compliant feasibility study. The results of the in-fill drilling program
indicate that the conversion rate of inferred resources to the measured plus
indicated category will likely exceed the target of 95%.


About Carpathian

The Corporation is an exploration and development company whose primary business
interest is developing near-term gold production on its 100% owned Riacho dos
Machados Gold Project in Brazil, which is currently in the feasibility study
stage, along with progressing its exploration and development plans on its 100%
owned Rovina Valley Au-Cu Project located in Romania. For additional information
on the projects, visit the Corporations website at www.carpathiangold.com.


Forward-Looking Statements: This press release includes certain statements that
may be deemed "forward-looking statements". Forward-looking statements are
frequently characterized by words such as "plan", "expect", "Project", "intend",
"believe", "anticipate", "estimate", and other similar words, or statements that
certain events or conditions "may" or "will" occur. All statements in this
release, other than statements of historical facts, that address future
exploration drilling, exploration activities and events or developments that the
Corporation expects, are forward-looking statements. Although the Corporation
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those
in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices,
exploitation and exploration successes, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurance that forward-looking statements will prove to be accurate, as results
and future events could differ materially from those anticipated statements. The
Corporation undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.