Open Gold Corp. (formerly Range Capital Corp.) (TSX VENTURE:OPG)(FRANKFURT:5OG)
("Open Gold" or the "Company") is pleased to announce the completion of the
initial program of diamond drilling at its Eholt project located near Grand
Forks, British Columbia. A total of 1,919 meters were drilled in 8 holes in this
program, 6 to test the Dead Honda and 2 at the Senator showings. All core
samples have now been prepared and submitted to Acme labs in Vancouver for
analysis. The drill has been demobilized from the property pending assay
results.


Holes EH 11-01 thru 03 and EH 11-06 thru EH 11-08 were drilled in the Dead Honda
zone, where historic drilling has returned significant copper-gold intercepts
associated with garnet+pyroxene+chlorite skarn alteration of Triassic Brooklyn
Formation sedimentary rocks. Each of the holes in this year's program were
drilled toward the southwest to test for a possible northeast oriented trend to
skarn mineralization encountered in prior drilling. All holes intercepted
intervals of strong garnet+pyroxene+chlorite skarn alteration and localized
chalcopyrite mineralization.


Holes EH 11-04 and EH 11-05 were drilled at the Senator Showing to test gold and
copper bearing massive sulfide lenses exposed in historic mine workings. Both
holes collared in pyrite+/-chalcopyrite bearing chert of the Triassic Knob Hill
formation, before entering Eocene age Coryell intrusive rocks.


Further drilling at the Dead Honda will depend on results on samples submitted
for assay, which will be reported shortly.


The just completed program partially tested only two of the six priority targets
previously identified on the property.


James S. (Jim) Kermeen, M.Sc., P.Eng., is the designated Qualified Person as
defined by National Instrument 43-101 and is responsible for the technical
information contained in this release.


OPEN GOLD CORP.

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