Non-Brokered Private Placement Closes Raising Gross Proceeds of $1,200,160

Intigold_Header.png

News Release 2011-01

April 28, 2011

Vancouver, BC, April 28, 2011, Lori McClenahan, President of Intigold Mines Ltd. (the “Company”), is pleased to announce that the Company has closed a non-brokered private placement previously announced on December 23, 2010 and February 28, 2011.  The private placement consists of 4,000,532 units at a price of $0.30 per unit for gross proceeds of $1,200,160.  Each unit consists of one common share and one non transferable share purchase warrant.  Each whole warrant entitles the holder to purchase an additional common share at a price of $0.45 per share for 12 months expiring on April 28, 2012.  In connection with the private placement, finders' fees of 8%, totaling $15,116 cash and issuing 15,116 shares were paid.  The finder’s shares are also at $0.30 per share.

In accordance with securities legislation currently in effect, the securities issued will be subject to a“hold period” of four months plus one day from the date of closing, expiring August 29, 2011.

The proceeds of the private placement will be used for property acquisitions and for general working capital.

For information on Intigold and its projects, please visit us at www.intigold.com or call Lori McClenahan, President at 604-669-4677 or toll free at 1-888-895-5522:

INTIGOLD MINES LTD.

(signed “Lori McClenahan”)

Lori McClenahan,

President

 

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