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June 11, 2012 - Vancouver, British Columbia. Manado Gold Corp. ("Manado") (TSX-V: MDO) is pleased to announce that it has commenced diamond drilling on its Clisbako property which consists of ten contiguous mineral claims totalling 167 cells, or 3387.889 hectares, in the Cariboo Mining Division of British Columbia.
The current diamond drill program consists of approximately 2,000m and will test mineralized zones of epithermal silica stockworks and breccias, and quartz veined volcanic rock identified by previous field work carried out by Manado.
Jo Shearer, M Sc. PGeo, is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects and is responsible for the work program on the Clisbako Property. Mr. Shearer has supervised and approved all technical information in this news release.
On behalf of the Board of Directors
Logan Anderson
President and Chief Executive Officer?
info@manadogold.com
Investor Relations - Derek Huston - 604-657-5539
derek@manadogold.com
Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Manado cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Manado's control. Such factors include, among other things: risks and uncertainties relating to Manado's ability to complete the proposed work program on the Clisbako Property, Manado's limited operating history; the need to comply with environmental and governmental regulations; and potential defects in title to Manado's properties. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Manado undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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