CZ

PC Gold Inc. (TSX:PKL) ("PC Gold" or the "Company") is pleased to announce the
discovery of a major new gold zone in the heart of the Albany Shaft portion of
the Pickle Crow Gold Mine Property. This entirely new discovery, termed the
Conduit Zone ("CZ"), carries consistently good grades over robust widths,
displays impressive continuity, and remains open for expansion down-plunge to
the north, where drilling is continuing. Drilling is expected to be ongoing
throughout the Fall on the CZ, subject to ground conditions.




Highlights:

   - Hole PC-09-036 which returned 3.17 g/t over 35.6 metres
     -- including 9.53 g/t over 10.1 metres
     -- including 15.25 g/t over 6.1 metres
     -- including 28.91 g/t over 2.9 metres
     -- including 58.78 g/t over 0.8 metres

   - Hole PC-09-037 which returned 2.11 g/t over 40.5 metres
     -- including 5.55 g/t over 11.0 metres
     -- including 14.83 g/t over 3.3 metres
     -- including 56.22 g/t over 0.65 metres

   - Hole PC-09-028 which returned 1.42 g/t over 32.4 metres
     -- including 6.40 g/t over 4.1 metres
     -- including 8.01 g/t over 1.4 metres



"The Conduit Zone discovery is the most important new discovery on the Pickle
Crow Property since the mine closed in 1966", said Kevin Keough, PC Gold's
President and CEO. "It is impressive not only for the excellent grades and
widths, and the extent over which we've now drilled it, but for what it could
lead to in terms of further discoveries".


A total of 8 diamond drill holes have now intersected the CZ, commencing with
Fall 2008 Phase I drill program hole PC-08-020, and holes PC-09-028, 036, 037,
040, 041, 042, and 043 from the current Phase II drill program. As previously
reported (news release, January 22, 2009), hole PC-08-020 returned 1.72 g/t over
48.4 metres including 4.03 g/t over 13.5 metres, including 18.15 g/t over 0.5
metres. However, due to the unique style of the mineralization, the implications
of the new zone were not recognized until similar mineralization was intersected
200 metres down plunge in hole PC-09-028, the first hole of the current Phase II
drill program. This news release reports assays for hole PC-09-028 and the next
two holes in sequence, PC-09-036 and 037.


3D modeling of the CZ has revealed a continuous north-northwest trending,
shallowly plunging, pipe-shaped body which had not been intersected by any
historical drilling. Subsequent drill holes by PC Gold have been highly
successful in targeting the CZ and extending it to its current down-plunge depth
of 500 metres, where it remains open.


The CZ consists of a thick package of highly deformed stockwork and
breccia-style veins with distinctive alteration halos. The trend of the CZ
happens to be roughly parallel to the drilling direction favoured by historical
operators when exploring for the high-grade veins previously mined on the
Property. As a result, the CZ and possibly other zones like it were missed.


The discovery of the CZ has strongly positive exploration implications for the
Pickle Crow Property. The CZ most likely lies within a planar structure, which
may contain a stacked series of similar pipe-shaped bodies. It is therefore
probable that others exist nearby. Evidence to support this theory may have
already been found in the form of three historically known Albany Shaft area
gold zones located not far to the southwest of the CZ, known as the 'A', 'B' and
'C' zones, respectively.




Table 1. Significant Results: Note: true widths are estimated to be 85-90%
                    of core length. Assay values are uncut.

Hole          Area         Target    From      To  Width     Au   Ag
                                       (m)     (m)    (m)   g/t  g/t

                                                                less
            Albany                                              than
PC-09-028    Shaft   Conduit Zone  273.90  306.30  32.40   1.42    1

                                                                less
                                                                than
Including                          273.90  278.00   4.10   6.40    1

                                                                less
                                                                than
Including                          276.00  277.40   1.40   8.01    1

                                                                less
            Albany                                              than
PC-09-028    Shaft    No. 14 Vein  561.45  562.80   1.35   4.96    1

            Albany
PC-09-036    Shaft   Conduit Zone  289.10  324.70  35.60   3.17    1

Including                          314.60  324.70  10.10   9.53    1

Including                          318.60  324.70   6.10  15.25    2

Including                          319.20  322.10   2.90  28.91    6

Including                          319.20  320.00   0.80  58.78    6

                             Zone
            Albany   (Sulphidized  
PC-09-036    Shaft            BIF) 420.80  421.40   0.60  11.41    3

                                                                less
            Albany  Zone (Unknown                               than
PC-09-036    Shaft           Vein) 428.00  429.00   1.00   8.12    1

                      New unnamed
                           highly                               less
            Albany      anomalous                               than
PC-09-036    Shaft     lower zone  482.00  531.80  49.80   0.32    1

                                                                less
                                                                than
Including             No. 14 Vein  486.10  487.00   0.90   8.51    1

            Albany
PC-09-037    Shaft   Conduit Zone  144.50  185.00  40.50   2.11    1

Including                          151.00  179.00  28.00   2.73    1

Including                          168.00  179.00  11.00   5.55    2

Including                          175.70  179.00   3.30  14.83    4

Including                          176.90  177.55   0.65  56.22   12



Core photos, a location map and a cross section for the holes discussed in this
news release can be viewed on the Company's website at:
www.pcgold.ca/en/Drilling_-_Maps,_Images,_Photos_77.html.


QA/QC Procedures

PC Gold has implemented a rigorous quality assurance / quality control (QA/QC)
program to ensure best practices in sampling and analysis of drill core, the
details of which can be viewed on the Company's website at www.pcgold.ca


Neil Pettigrew, M.Sc., P.Geo., Vice President, Exploration for PC Gold and the
Company's Qualified Person as defined by NI 43-101, has reviewed and approved
the technical information in this press release.

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