Mr. Charles Ross reports

FOUR NINES GOLD ANNOUNCES $4.25 MILLION NON-BROKERED PRIVATE PLACEMENT

Four Nines Gold Inc. intends to undertake a non-brokered private placement of units of the company to raise gross proceeds of up to $4.25-million.

Each unit is priced at 35 cents per unit, with each unit consisting of one common share in the capital of the company and one-half of one transferable share purchase warrant. Each warrant is exercisable into one share at a price of 60 cents per warrant share for a period of two years from the issuance date. The warrants will be subject to an acceleration right in favour of the company whereby, in the event that the shares trade at a price on the Canadian Securities Exchange (or such other exchange on which the shares may be traded at such time) of $1 or greater per share for a minimum period of 10 consecutive trading days after four months and one day from the closing of the private placement, the company may accelerate the expiry of the warrants by giving notice to the holders thereof (by public news release and e-mail to registered holders advising of the acceleration of the expiry date of the warrants), and, in such case, the warrants will expire on the 10th business day after the date of such notice.

The gross proceeds from the sale of the units will be used for general working capital purposes, as well as mineral exploration and advancement of the company's Hayden Hill gold-silver project.

The private placement is subject to certain conditions, including, but not limited to, clearing any comments that may be received during the standard prescribed period as required by CSE policies. Finders' fees may be payable in connection with the private placement.

About Four Nines Gold Inc.

Four Nines has an experienced exploration team and the right to acquire 100 per cent of the Hayden Hill mine from a Kinross Gold USA Inc. subsidiary. The company is exploring and developing a project in mining-friendly northern California. Hayden Hill is a former producing gold mine that was explored through 99,862 metres of drilling in 742 holes and for which there has been no systematic exploration since the mine closed in 1997. The Hayden Hill project is located on private land, and drill permits for the initial exploration program have been received from Lassen county.

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