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July 5, 2012 - Vancouver, British Columbia. Manado Gold Corp. ("Manado") (TSX-V: MDO) is pleased to announce that it has finished the first phase of its surface exploration program on its Clisbako property in the Cariboo Mining Division of British Columbia. The work consisted of prospecting, mapping, rock and soil sampling focusing on the previously untested Bari 1 and Bari 2 zones. A total of seventy-five (75) soil samples and 58 rock chip samples were taken from the two zones and returned anomalous gold values from trace to one 1.06 g/tonne. Manado has now included the Bari zones in its diamond drill program.
Manado is diamond drilling approximately 1,600m to test various mineralized zones of epithermal silica stockworks and breccias, and quartz veined volcanic rock identified by its field work.
A comprehensive QA/QC program is in place to monitor the precision and accuracy of the assay results. The soil sample stream is submitted with standards, duplicates and blanks. Samples were analyzed by AGAT Laboratories, Mississauga, Ontario, using an Aqua Regia Digest. AGAT Laboratories is accredited by the Canadian Association for Laboratory Accreditation (CALA) and the Standards Council of Canada. AGAT is also accredited ISO 9001:2008 and IS/1EC 17025:2005.
Jo Shearer, M Sc. P.Geo., 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 and the need to comply with environmental and governmental regulations. 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.
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