Uragold Bay Resources Inc. ("Uragold") (TSX VENTURE:UBR) is pleased to announce
that the CTPAQ (Commission de Protection du Territoire Agricole du Quebec),
Quebec's Agricultural Land Protection Commission has issued a ruling granting
Uragold a five year (renewable) authorization for mining activities on the
Beauce Placer Gold project. 


Uragold's Beauce Placer gold project is situated in a territory that is zoned
agricultural, no permits for activities other than agricultural can be issued
until the CTPAQ has rendered a decision. In its decision, the CPTAQ recognizes
that the Beauce Placer Property, because of its past mining activities, has
negligible agricultural value. 


The MDDEP (Ministere du Developpement durable de l'environnement et des parcs)
made this requirement a pre-requisite condition to the issue of the Certificate
of Authorization (Permit) required to start work on the Beauce Placer Gold
project.


About the Beauce Placer Gold Project

The Beauce Placer Gold property is located in the municipality of
Saint-Simon-les-Mines in the Beauce region of southern Quebec. The project is in
its final permitting stage for a 20 years mining lease for a placer gold mining
operation.


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.


Shares outstanding: 45,334,327

FOR FURTHER INFORMATION PLEASE CONTACT: 
Bernard J. Tourillon
Chairman and CEO
(514) 846-3271


Patrick Levasseur
President and COO
(514) 846-3271
www.uragold.com