Uragold Bay Resources Inc. (TSX VENTURE:UBR), Uragold is pleased to announce the
final results of its regional till sampling campaign on its 100% own MacDonald
property located in southern Quebec's Appalachian belt. Preliminary analysis of
final laboratory results reveal concentration of gold in till anomalies as high
as 12.2 g/t Au, 2.05 g/t Au, 1.51 g/t Au and 1.41 g/t Au. 


Uragold has received the complete results for the 2011 McDonald property
regional till sampling campaign. The results for 465 till samples returned 30
gold signals of more than 0.1 g/t Au, with 15 (50%) of these gold signals being
greater then 0.295 g/t Au, in the dense fraction with concentration factor from
50x to 75x. The samples were collected through out the property in east to west
lines at average intervals of 200 metres. In addition to the first indentified
dispersal trains of (1) Birchton (2) Sand Hill (UBR press release October 20,
2011) the till survey reveals several new and richer occurrences of gold bearing
till on the southwest part of the property surrounding the Moe River Valley.
This area also depicts strong anomalies for As Bi Mo Sb W which generally
accompany gold in most bedrock mineralisation. 




Sample                g/t Au        Sample        g/t Au
MC-11-318              12.20     MC-11-364         0.541
MC-11-452               2.05     MC-11-205         0.403
MC-11-409               1.51     MC-11-334         0.385
MC-11-234               1.41     MC-11-314         0.384
MC-11-408              0.693     MC-11-314         0.384
MC-11-301              0.689     MC-11-442         0.380
MC-11-023              0.608     MC-11-136         0.295
MC-11-364              0.541                            



UBR intends to pursuit during 2012 a gold tracing program in these areas, and in
areas of historical occurrences of gold in the secondary environment including
river beds and till. The goal of the 2012 exploration campaign will be start pin
pointing the bedrock sources of the gold anomalies. 


Inlandsis Consultants, headed by Dr. Remi Charbonneau PhD (P. Geo) specialist in
glacial till geology supervised and interpreted the sampling program. Dr
Charbonneau PhD, is a Qualified Person as defined by National Instrument 43-101,
supervised the preparation of the information in this news release. 


Patrick Levasseur, president and COO of Uragold stated. "We're very excited by
the results. It take a considerable gold source to account for these type of
gold anomalies in Till. This further strengthen our exploration hypothesis that
there is a huge gold anomaly southeast of Sherbrooke in the Eastern Townships of
Quebec.. Uragold definitively is a step closer towards discovering bedrock gold
deposits" 


About the McDonald Gold Property 

The McDonald Property is located in the southwestern part of the Quebec
Appalachians in the Eastern Townships region of the Province of Quebec.
Uragold's Moe River Property forms the western edge of the property. The
McDonald Property covers a 425 sq km gold anomaly known as the McDonald
Auriferous Till. Discovered in 1966 by B.C. McDonald of the Geological Survey of
Canada. Our 2011 exploration program seems to have validated a model, that one
or more hard rock gold deposits may explain the gold content within the tills. 


The presence of abundant free gold in surface placers bearing drainages such as
the Saumon, Clifton, Eaton and the Moe River rivers along with the presence of
gold in undisturbed glacial till, strongly leads Uragold to consider the
possibility of hard rock gold deposit(s) somewhere under the till cover. Our
ongoing exploration programs are focused on finding these hard rock sources of
gold. 


Additionally, the Corporation intends to evaluate the auriferous gravels of the
400,000 + ounce historical placer gold deposit of the Moe River Property
(671,318 cubic meters at 0,62 g/t AU, Reference: MRNF Metallic Deposits COGITE
21E/04-001 Placer de la riviere Moe). 


All historical resource information presented in this press release is
historical in nature and while relevant, the information was obtain before the
implementation of National Instrument 43-101 and as such does not meet National
Instrument 43-101 reporting standards. The historical estimate should not be
relied upon until the Company can confirm them 


About Uragold Bay Resources Inc. 

Uragold Bay Resources is a junior exploration company trading on the TSX Venture
Exchange under the symbol UBR. Uragold is a top claims holder in Southern
Quebec's Appalachian belt. The properties benefit from extensive historical
exploration work and from well-established infrastructure thereby helping to
reduce exploration risks. Uragold's business model focuses on developing, a
series of potential small scale low-cost gold mining operations for their
potential in generating cash flow while simultaneously exploring core properties
that hold the potential for the discovery of blue sky gold deposits like the
MacDonald project.