Minco Gold estimate for Changkeng Gold Project

Minco Gold Corporation reports the results of an initial resource estimate for the Changkeng Gold Project in Guangdong Province, China. The estimate contains an indicated resource of 2.1 million tonnes @ 5.61 g/t gold (Au) for a total of 379,000 oz Au and an inferred resource of 2.2 million tonnes @ 4.82 g/t Au for a total of 333,400 oz Au.

The purpose of this resource estimate was to:

- Take into consideration Minco Gold’s recently completed 6 drill holes.

- Estimate gold resources that reflect Minco Gold’s current exploration permit holdings on the Changkeng property.

- Identify areas where inferred resources can be upgraded to indicated with additional drilling.

- Identify areas where the resource can be expanded.

Diamond drill data from a total of 81 drill holes and 13 surface trenches were used for the resource calculation of which 6 are new holes completed in 2007. The drilling to date was conducted on an approximate 40 metre section spacing with holes on section between 20 metres to 80 metres apart. Drilling prior to 2007 was undertaken by the Chinese Government 757 Exploration Team. Grade interpolation was undertaken with the inverse distance cubed estimation method. The Changkeng deposit remains open along strike to the northeast and southwest.