Z-Gold Exploration Inc. ("Z-Gold" or the "Corporation") (TSX VENTURE: ZGG) is pleased to announce that it has completed a second round of financing by way of private placement, the first round of which was previously announced in a press release dated March 15, 2010.

Pursuant to a non-brokered private placement, the Corporation issued a total of 550,000 units (each a "Unit" and collectively the "Units") at a price of $0.20 per Unit for total proceeds of $110,000. Each Unit is comprised of one common share and one-half of one common share purchase warrant (each a "Warrant" and collectively the "Warrants"), each Warrant entitling the holder to subscribe one common share at a price of $0.26 per share for a period of 24 months following the closing of the private placement.

Pursuant to the two rounds of the private placement, the Corporation has issued an aggregate number of 2,445,000 Units, for a total of 2,445,000 common shares and 1,222,500 Warrants and for gross proceeds of $489,000. All securities comprised in the Units issued pursuant to the private placement are subject to a four months hold period.

About Z-Gold Exploration Inc.

The head office of Z-Gold is located at 15, rue Gamble East, Suite 204, Rouyn-Noranda, QC J9X 3B6. Z-Gold Exploration Inc. is exploring for gold in the Abitibi Greenstone Belt.

Z-Gold has acquired the Munro Gold property located in the famous Timmins mining camp. Many gold showings need to be investigated by geophysical surveys and diamond drilling program. An airborne survey covered the property and successfully outlined many structural features. The Munro Property consists of five mining leases containing 85 claims (91 units) located approximately 86 kilometres east northeast of the city of Timmins in the Larder Lake Mining Division, Ontario.

Z-Gold Exploration Inc. is a publicly listed company trading on the TSX Venture (ZGG).

This press release was prepared by Z-Gold Exploration Inc.. Neither the TSX Venture Exchange Inc nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

This document may contain forward-looking statements relating to Z-Gold's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Z-Gold's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not placed on such forward-looking statements. Z-Gold disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Contacts: Z-Gold Exploration Inc. Rodrigue Tremblay President and CEO 800-388-8668 / 819-797-8668 zgoldexploration@gmail.com