Carpathian Gold Schedules Conference Call on Updated and Doubled Resource Estimate in Romania

Mon Nov 24, 9:27 AM

TORONTO, ONTARIO--(Marketwire - Nov. 24, 2008) - Carpathian Gold Inc. (TSX: CPN.TO) (the "Corporation" or "Carpathian" has scheduled a Conference Call/Presentation for Tuesday November 25, 2008 at 10:00am Eastern Standard Time ("EST") to review the updated 43-101 Resource Estimate on the Rovina Valley Project, Romania. 

Conference Call Information

Local Area                             416-620-3447
Toll Free (North America)            1-800-396-7098
International                         800-4222-8835

Call participants can go to www.carpathiangold.com home page during the call to view information on the project. 

Conference Call Replay

Replay Call                      416-695-5800  - password #3257420
Replay Toll Free Call          1-800-408-3053  - password #3257420

The Conference call replay will be available until December 14, 2008 to
11:59 pm E.T.

The Corporation is a mineral exploration company focused on gold/copper exploration primarily on its property in Romania as well as gold exploration and potential early development on its 100% owned Riacho dos Machados gold project in Brazil. The Corporation has 207,278,454 shares outstanding.

Forward-Looking Statements: This press release includes certain statements that may be deemed "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", and other similar words, or statements that certain events or conditions "may" or "will" occur. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward-looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurance that forward-looking statements will prove to be accurate, as results and future events could differ materially from those anticipated statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

Contacts

Dino Titaro
Carpathian Gold Inc.
President & CEO
(416) 368-7744 (CAN)
(416) 260-2243 (CAN) (FAX)

Mike O'Brien
Carpathian Gold Inc.
Manager Investor Relations
(416) 368-7744 (CAN)
(416) 260-2243 (CAN) (FAX)
Email: info@carpathiangold.com
Website: www.carpathiangold.com

Investor Relations, Montreal
Eric Leboeuf
(514) 341-0408 or 1-866-460-0408
(514) 341-1527 (FAX)
Email: ericleboeuf@paradox-pr.ca

Toni Vallen
Seton Services, UK
+44 207 229 3177
Email: toni@setonservices.com