Mr. Ryan Kalt reports

DIXIE GOLD INC. -- STOCK OPTION GRANT

Further to Dixie Gold Inc.'s incentive stock option plan, the company has granted an aggregate of 1,125,000 incentive stock options to directors and management of the corporation.

The options issued under the incentive stock option grant have an exercise price of six cents per share, are exercisable for a period of 60 months, vest immediately, and will be subject to the policies of the TSX Venture Exchange and the terms of the plan.

Subsequent to the incentive stock option grant, the corporation now has 1.45 million incentive stock options issued under its current 3,073,718-option pool limit (such limit set by the plan at a rolling 10 per cent of common shares outstanding).

Dixie Gold has 30,737,188 common shares issued as at the date hereof.

About Dixie Gold Inc.

Dixie Gold is a publicly traded exploration company holding a portfolio of exploration projects in Canada.

We seek Safe Harbor.