A new resource estimate for Minco Gold Corporation’s Changkeng Project in Guangdong Province , China , has resulted in a 65% increase in indicated gold ounces.

The gold portion of the resource estimate has been expanded and upgraded to contain indicated resources of 4 million tonnes @ 4.89 grams/tonne gold for a total of 623,100 ounces. The estimate also contains inferred resources of 4 million tonnes @ 3.01 grams/tonne for a total of 386,800 ounces.

Minco Gold has 51% ownership of the Changkeng Project, which has 2 distinct and separate mineralized zones - a gold dominant zone and a silver dominant zone.

The company assigned its 51% ownership in the silver zone to Minco Silver Corporation. The deposit contains indicated resources of 5.6 million tonnes @ 170 grams/tonne silver for a total of 30,708,000 ounces of silver and inferred resources of 1.1 million tonnes @ 220 grams/tonne for a total of 7,517,000 ounces. This represents a 70% increase in silver ounces for the indicated resource category.

The increases are due to recent drilling which upgraded inferred resources and outlined new resources.

Diamond drill data from a total of 127 drill holes and 13 surface trenches were used for the resource calculation of which 59 are new holes completed in 2008.

The drilling was conducted on an approximate 40 metre section spacing with holes on section between 20 metres to 80 metres apart. Drilling prior to 2007 was undertaken by the Chinese Government 757 Exploration Team. Grade interpolation was undertaken with the inverse distance squared estimation method.

Minco Gold will continue to work aggressively to advance the Changkeng Project during 2009.

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