Pelangio reports increase in mineral resources at Detour Lake

Pelangio Mines Inc., a Canadian junior gold exploration company, on behalf of Detour Gold Corporation, reports an updated National Instrument 43-101 compliant mineral resource estimate for its Detour Lake gold project in northern Ontario. Pelangio holds 44.6% stake in Detour Gold.

Based on a detailed engineered pit design, Detour Gold Corporation reported an increase of 125% in its Mineral Resources at Detour Lake.

Since its December 2007 mineral resource estimate, which included the historical drilling and Phase I drill results (49,322 metres), the company has received assay results for an additional 73,469 metres of diamond drilling from its ongoing Phase II (representing 54% of Phase II) in the first half of 2008 that has resulted in a 125% increase in measured and indicated gold resources from 4.8 million ounces to 10.8 million ounces while inferred gold resources have decreased 20% from 3.0 million ounces to 2.4 million ounces.

Gerald Panneton, President and CEO of Detour Gold, said we have once more exceeded our objectives and demonstrated that Detour Lake is a world-class gold deposit.

There is excellent potential to further increase the resource base especially to the west of the Calcite Zone and below the former open pit, he added.

As a result, we have added 30,000 metres of drilling to our program (Phase III) for 2008. The project is robust at a US$700 per ounce gold price and we expect to deliver a positive feasibility study as we proceed with a final pit design and reserve estimates, possibly by year-end.

It is our goal of making Detour Gold the next premium intermediate gold producer, concluded Mr. Panneton.