Uragold Bay Resources Inc. ("Uragold") (TSX VENTURE:UBR), is pleased to announce
that the INRS (Institut National de la Recherche Scientifique) will be
conducting a Syscal-Pro electrical resistivity tomographic survey and a
Promis-10 electromagnetic FDEM survey on the Rang Chaussegros claims of UBR
Beauce Gold property located in the municipality of Saint-Simon-les-Mines in the
Beauce region of southern Quebec. 


The INRS team, led by Dr. Marc Richer-LaFleche, Ph.D (Geo) will perform a
geophysical program that will include geoelectrical tomographic and frequency
domain electromagnetic surveys. The geoelectrical tomographic survey will
generate high resolution cross section images of the Quaternary overburden and
the volcano-sedimentary layering of the bedrock formations of the Beauce
Property. The result of the geoelectrical tomography will be correlated with
Uragold's sonic and other historical drilling data, in order to provide a 3D
model of the placer gold channel composed of saprolite and brown basal till.


The aim of the program is to enable Uragold to evaluate, in greater detail, the
shape, size, potential of the placer gold channel and to measure potential
target extensions of the deposit. The program started last week with the cutting
and picketing of a total of 7,500 meters of lines in order to form a rectangular
grid on the property, between the Rang Chaussegros road to the west and
Saint-Gustave road to the east. The grid will be used to perform the
geoelectrical tomographic surveying. 


Patrick Levasseur, president and COO of Uragold stated. "We are very proud that
the special nature of our Beauce Gold project has attracted the scientific
interest of the Quebec University INRS research team. This partnership will not
only increase the overall understanding of the unique geological phenomenon of
the region, but it will also allow us to establish an optimum mining plan for
our Beauce Gold property."


About the INRS 

INRS is a university dedicated to fundamental and applied research, graduate
studies and the training of researchers in its four research Centres in Quebec
City, Laval, Montreal and Varennes. Part of the Universite du Quebec network,
INRS University ranks first in Canada in terms of research intensity (funding
per faculty member). Located in Quebec City, the INRS Eau Terre Environnement
Research Centre is a world class research facility that brings together 40
professors, over 200 graduate and postgraduate students, and about 20
postdoctoral researchers. 


About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company trading on the TSX Venture
under the symbol UBR. Uragold holds gold properties in Southern Quebec's
Appalachian belt. Uragold's business model focuses on developing small scale
low-cost mining operations for their cash flow generating potential while
simultaneously exploring core properties that hold the potential for the
discovery of blue sky gold deposits like the MacDonald project. Uragold's Beauce
Gold project is in its final permitting stage for a 20 years mining lease placer
gold mining operation.


Shares outstanding: 44,184,327

FOR FURTHER INFORMATION PLEASE CONTACT: 
Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO
(514) 846-3271
www.uragold.com