Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company") announces the conclusion
of the Deep Hole at the Meunier JV Property in the West Timmins gold region,
Ontario. Lake Shore Gold (TSX:LSG) ("LSG" or the "Operator"), RT Minerals
Corporation (TSX VENTURE:RTM) ("RTM") and the Company has agreed to stop the
drilling at 3,444 metres core length due to technical difficulties encountered
at depth. 


Further to AGE's press release dated November 10, 2011 regarding the Deep
Drilling, where LSG announced that the Timmins West Mine Fold Nose Structure was
intersected 1.9 kilometres in the down plunge extension from bottom of current
mining reserve at the Timmins Mine near the Meunier JV Property boundary, the
hole intersected a thick section of pyroxenite and several zones of alteration
and deformation anomalous in gold. This includes a broad zone containing local
quartz veining, elevated pyrite and tourmaline between 3,023 and 3,052 meters
(2,475 meters vertically below surface) with similarities to the mineralization
found within the Timmins West Mine Fold Nose Structure. The potential to extend
or encounter other similar zones that could bear higher gold grades in areas
above, below and on strike of the above zone and on the Meunier JV or adjacent
to the LSG property are still considered excellent. In addition, for technical
reasons the drill hole was not able to reach the Thunder Creek Horizon target
that was interpreted to be intersected at a depth of around 3,500 metres along
the hole. AGE was informed by the Operator that no economic gold mineralization
was encountered in the Deep Hole on the Meunier JV property (representing
approximately the last 462 metres drilled on the property out of the full 3,444
metres core length). 


Current budget analysis has indicated drilling costs that are, in the opinion of
the Joint Venture participants, too high to warrant further drilling in the
immediate future. The Deep Hole set up and casing will be left on place so that
future deepening drilling or wedge cuts may be considered and resumed at a later
date. 


RTM and LSG are on the way to exercise their Second Option of the Agreement.
Over $3,000,000 of exploration work has been spent to date by LSG and RTM on the
Property. Once the auditing process will be completed on exploration
expenditures and 250,000 RTM shares will be delivered to AGE (as per the
Agreement), the Meunier JV property ownership will consist of AGE (50%), LSG
(25%-Operator) and RTM (25%).


Quality Control 

Jules Riopel, P.Geo., Vice-President Exploration and Acquisitions, acting as the
Company's "Qualified Person" as defined by NI 43-101, has reviewed this press
release. LSG is the field manager for the deep drilling program carried out on
the Property. The Qualified Person ("QP") for Lake Shore Gold's Deep Hole drill
program is Jacques Samson, P.Geo. who as QP has prepared or supervised the
preparation of the scientific or technical information for the property and
verified the data disclosed in this press release. 


Lake Shore Gold has implemented a quality-control program to ensure best
practice in the sampling and analysis of the drill core. Assays have been
completed using a standard fire assay with a 30-gram aliquot. For samples that
return a value greater than 10 grams per tonne gold, samples are re-run with a
gravimetric finish. Zones with visible gold are tested by pulp metallic
analysis. NQ size drill core is saw cut and half the drill core is sampled in
standard intervals. The remaining half of the core is stored in a secure
location. The drill core is transported in security-sealed bags for preparation
at ALS Chemex Prep Lab located in Timmins, Ontario, and the pulps shipped to ALS
Chemex Assay Laboratory in Vancouver, B.C. ALS Chemex is an ISO 9001-2000
registered laboratory preparing for ISO 17025 certification.


Profile: 

Adventure Gold Inc. is a mineral exploration company focused on discovering
high-quality gold deposits in the Abitibi Greenstone Belt located in
northwestern Quebec and northeastern Ontario - one of the richest gold deposit
areas in the world. Adventure Gold holds quality assets in the Val-d'Or,
Rouyn-Noranda and Timmins areas and is led by determined management and
technical teams with extensive exploration and mine production experience.
Adventure Gold is proud to count on highly regarded partners such as
Agnico-Eagle Mines Limited and Lake Shore Gold Corp. to explore its
advanced-stage gold properties.


Follow Adventure Gold on:

Twitter: http://twitter.com/Adventure_AGE 

LinkedIn: http://www.linkedin.com/company/2253943

ADVENTURE GOLD INVITES YOU TO VISIT US AT THE PDAC MARCH 4 TO 7, 2012 - BOOTH
#2151 (Su-Mo) & BOOTH # 2207 (Tu-We)


The foregoing information may contain forward-looking statements and events
relating to the future performance of the Company. Forward-looking statements,
specifically those concerning future performance, are subject to certain risks
and uncertainties, and actual results may differ materially. These risks and
uncertainties are detailed from time to time in the Company's filings with the
appropriate regulatory authorities. We seek safe harbour.


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