Mr. Al Kroontje reports

STUVE GOLD CORP. ANNOUNCES PROPOSED PRIVATE PLACEMENT

Stuve Gold Corp. intends to complete a private placement of up to 6.45 million common shares in the capital of the corporation at a price of 31 cents per common share for gross proceeds of up to $2-million.

Proceeds from the offering, assuming the maximum offering, will be used to advance exploration activities on the corporation's existing property portfolio, potential additional property acquisitions and general working capital purposes.

The corporation expects that the entire offering will be subscribed for by one strategic investor who is not currently an insider, officer or director of the corporation.

The corporation does not expect that commissions or broker warrants will be issued in respect of the offering.

The common shares issued pursuant to the offering will be subject to a four-month-and-one-day hold period. Completion of the offering remains subject to the approval of the TSX Venture Exchange.

About Stuve Gold Corp.

Stuve Gold is advancing mineral properties in Chile that hold promising potential for gold, copper, silver and cobalt accumulations exhibited by historical mining activities on, or associated with, those properties.

Stuve Gold's common shares are listed on the TSX Venture Exchange under the symbol STUV.

We seek Safe Harbor.