UBR

Uragold Bay Resources Inc. ("Uragold") (TSX VENTURE:UBR), is pleased to announce
that it has finally signed with the Vendor, the required Deed-Of-Sale to
complete the purchase of 7 real-estate properties in the municipality of
Saint-Simon-les-Mines located in the Beauce region of southern Quebec. The
signing of the Deed of Sale completes a transaction first announced last year on
September 8, 2011.




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Cadastral Lots                Location (Range)         Land Area (Acres)   
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3629423, 3629484, 3810447,                                                 
3810448                       Rang Chaussegros         124                 
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3629375, 3812210              Rang De Lery             45                  
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3629179                       Rang St-Charles          9                   
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The terms of the agreement to purchase 178 acres of real estate have remained
the same. Uragold was ready to close the transaction since January 2012, when
the funds required to complete the transaction, were placed in escrow with a
Notary. The closing of the transaction was delayed by a change of control of the
Vendor.


The lots acquired cover significant sections of the historical Beauce placer
gold channel. They were all once owned by the Beauce Placer Mining Company, a
major placer gold mining company in the 1960s. From 1960 to 1962, the company
mined 56,000 oz of gold from a small section on the eastern end of the Rang
Chaussegros. Uragold holds minerals rights over all Rang Chaussegros lots.
Furthermore, the acquisition also provides Uragold a controlling interest over
significant western sections of the historical placer gold channel. 


With this critical threshold now behind us, the Company's goal of starting a
gold mining operation on the Rang Chaussegros of the Beauce Placer Gold property
is one step closer to becoming reality. Uragold will soon provide an update on
the permitting process. 


About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company trading on the TSX Venture
under the symbol UBR. Uragold holds gold properties in Southern Quebec's
Appalachian belt. Uragold's business model focuses on developing small scale
low-cost mining operations for their cash flow generating potential while
simultaneously exploring core properties that hold the potential for the
discovery of blue sky gold deposits like the MacDonald project. 


Shares outstanding: 44,184,327 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Patrick Levasseur
President and COO
(514) 846-3271
www.uragold.com

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