Winter drilling confirms significant gold zone

Wed May 14, 9:26 AM

TORONTO, May 14 /CNW/ - Viking Gold Exploration Inc. (VGC: TSX-V) announces preliminary results from its twelve-hole in-fill winter drill program on the Viking Yellowknife joint-venture property (60% Viking Gold Exploration, and 40% Viking Yellowknife Gold Mines Ltd., a 78.8%-owned subsidiary of Lakota Resources Inc.). The property is part of the Company's Morris Lake gold exploration project located 70 km north of Yellowknife, NWT.

The program was designed to create a three dimensional view along 200 metres of strike length of a 1,500-metre-long geochemically anomalous altered zone that is a favourable host for significant gold mineralization. The drill pattern consisted of three holes from each of four drill sites spaced 50 metres apart along strike.

    
    -------------------------------------------------------------------------
                                                                      Au
     Hole number        From            To           Length          (grams
                         (m)            (m)            (m)         per tonne)
    -------------------------------------------------------------------------
       V-08-14         100.60         101.10          0.50           1.6
    -------------------------------------------------------------------------
       V-08-14         102.00         102.50          0.50           0.5
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
       V-08-16         183.88         184.16          0.28           4.2
    -------------------------------------------------------------------------
       V-08-16         231.65         231.90          0.25           1.0
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
       V-08-18         179.75         180.00          0.25          13.2
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
       V-08-19         195.06         195.62          0.56           1.1
    -------------------------------------------------------------------------
       V-08-19         224.66         226.08          1.42           3.9
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
       V-08-20         120.65         121.35          0.70           2.7
    -------------------------------------------------------------------------
       V-08-20         127.10         127.50          0.40           4.2
    -------------------------------------------------------------------------
       V-08-20         148.10         149.15          1.05           0.5
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
       V-08-23         134.62         135.10          0.48           0.6
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
       V-08-24         186.06         186.33          0.27          11.3
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
       V-08-25         215.04         215.35          0.31           4.5
    -------------------------------------------------------------------------

Assay results confirm the presence of noteworthy gold mineralization in a zone of recently reinterpreted altered volcanic rock. Gold values greater than 0.5 grams per tonne (gpt) were intersected in six of the holes and values greater than 0.1 gpt were intersected in all but two holes.

The program has validated the drill results obtained by Athona Mines in 1946 and by Canamax Resources in 1988-1989 in the vicinity of an inclined exploration shaft sunk in 1947, and has extended the vertical depth of drilled gold mineralization to 210 metres. The mineralized zone remains open down dip.

The core samples were analyzed by Acme Analytical Laboratories in Vancouver by 37 element ICP-MS analysis. Samples assaying 0.5 gpt gold or more are being reanalyzed by fire assay. The winter drilling program was carried out under the direct supervision of Dr. Robert Ginn P.Eng., President and CEO of Viking and the Qualified Person for the project.

Management is encouraged by the results of the winter campaign and are planning a summer program to test a series of geochemical lake sediment anomalies outlined in 2007 that are in the vicinity of untested ground geophysical EM conductors outlined by Newmont Exploration in the early 1980s.

The Morris Lake project covers a very prospective, relatively unexplored northeast-trending mineralized belt favourable for hosting significant gold mineralization. The northeastern part of the project property includes the southwestern continuation of the Ormsby Break, a geological feature on which Tyhee Development has reportedly outlined 8.2 million tonnes grading 3.53 gpt of gold. Immediately northeast of the Ormsby Zone is the site of the Discovery Mine, which produced just over one million ounces of gold from one million tons of ore between 1949 and 1969.

    
        The TSX Venture Exchange has not reviewed and does not accept
     responsibility for the adequacy or accuracy of this press release.

Contacts

George Werniuk
Vice President
(416) 364-6244 ext 251 or visit our website at: www.vikinggold.ca