SG

SG Spirit Gold Inc. (TSX VENTURE:SG) ("SG Spirit Gold" or the "Company")
announces the termination of the amended and restated option agreement dated
March 28, 2012 (the "Agreement") between the Company and Buchans Minerals
Corporation ("Buchans Minerals") with respect to the sale, by Buchans Minerals,
of 100% of the Buchans property, the Tulks North property and the Tulks Hill
joint venture interest to SG Spirit Gold. The Company also announces the
termination of the option agreement dated January 24, 2012, as amended March 28,
2012, with Mountain Lake Resources Inc. for the acquisition of the Bobby's Pond
property.


About SG Spirit Gold: 

SG Spirit Gold is a Vancouver based resource company in the business of
acquiring and advancing Canadian mineral properties prospective for precious
metals and base metals. The Company's management team and Board have extensive
experience and success in the resource industry.


ON BEHALF OF THE SG BOARD

Adrian Bray, President & CEO

Cautionary Note Regarding Forward-Looking Statements

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, included
herein including, without limitation; statements about the Company's future
plans are forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following risks: the need for additional
financing; operational risks associated with mineral exploration; requirement to
obtain shareholder approval; failure to execute the Definitive Agreements;
fluctuations in commodity prices; title matters; environmental liability claims
and insurance; reliance on key personnel; the potential for conflicts of
interest among certain officers, directors or promoters with certain other
projects; the absence of dividends; competition; dilution; the volatility of our
common share price and volume and the additional risks identified in the
management discussion and analysis section of our interim and most recent annual
financial statement or other reports and filings with the Exchange and
applicable Canadian securities regulations. Forward-looking statements are made
based on management's beliefs, estimates and opinions on the date that
statements are made and SG Spirit Gold Inc. undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable securities laws.
Investors are cautioned against attributing undue certainty to forward-looking
statements.

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