UBR

Uragold Bay Resources Inc. (TSX VENTURE:UBR), is pleased to announce that it has
retained Progressive IR Consultants Corp. ("Progressive") as its investor
relations and corporate communications service provider. Progressive is a
Vancouver, BC, Canada based company that has provided marketing and investor
relations services for publicly traded companies on the TSX and TSX Venture
exchanges since 2006. 


Progressive has been retained for a three-month period commencing in April, 2012
and ending in July 2012, the Agreement can be extended by mutual consent for a
further period, and any extension will be subject to the terms and conditions of
a new Agreement agreed to at that time. Progressive will be responsible for
building Uragold Bay Resource's investment audience through the dissemination of
corporate data packages, broker presentations, broker communications, mining
analyst communications, attending trade shows and handling shareholder enquiries
regarding the Company. 


Progressive will receive $7,500 (plus HST) per month in remuneration and be
reimbursed for all approved expenses. The Company will grant Progressive stock
options to acquire 500,000 shares in the capital of the Company at an exercise
price of $0.10, expiring in May 2013. The options are granted pursuant to the
Company's Stock Option Plan and will vest in accordance with the provisions
therein and the policies of the TSX Venture. 


The agreement and grant of options is subject to TSX Venture approval. 

Patrick Levasseur, president and COO of Uragold stated. "The retention of
Progressive IR, a West Coast base IR Consultant firm, will enable the
Corporation to increase its visibility outside its traditional base in Quebec." 


About Uragold Bay Resources Inc. 

Uragold Bay Resources is a junior exploration company trading on the TSX Venture
Exchange under the symbol UBR. Uragold holds gold properties in Southern
Quebec's Appalachian belt and also holds the Asbury Graphite Mine property in
the Laurentians of Quebec. The properties benefit from extensive historical
exploration work and from well-established infrastructure thereby helping to
reduce exploration risks. Uragold's business model focuses on developing, a
series of potential small scale low-cost mining operations for their potential
in generating cash flow while simultaneously exploring core properties that hold
the potential for the discovery of blue sky gold deposits like the MacDonald
project.

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