AIA

Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") announces a
non-brokered private placement of up to 4,705,882 units of the Company (the
"Units") at a price of $0.17 per Unit, for gross proceeds of up to $800,000 (the
"Offering"). Each Unit will consist of one common share of the Company and one
common share purchase warrant (a "Warrant"). Each Warrant will entitle the
holder to acquire one common share of the Company at the exercise price of $0.25
per share for a period of 24 months from the closing date of the Offering.


The Company announces that it has closed an initial tranche of the Offering and
has issued 2,352,942 Units. Common shares and Warrants issued in the first
tranche are subject to a hold period that expires on November 11, 2012 and were
subject to a cash commission plus agent warrants to purchase 235,294 common
shares at a price of $0.17 for a period of 18 months. The Warrants issued in the
first tranche of the Offering expire on July 11, 2014.


The Offering remains subject to the final approval of the TSX Venture Exchange.
The final tranche of the Offering is expected to close before July 30, 2012.


The Offering is eligible to be purchased by subscribers who are "accredited
investors" or who qualify under another exemption from prospectus in the
jurisdictions where the offering is sold. Any securities to be issued pursuant
to the Offering will be subject to a hold period of four months from the closing
date in accordance with the rules and policies of the Toronto Stock Exchange
Venture Exchange and applicable Canadian securities laws and such other further
restrictions as may apply under foreign securities laws.


Proceeds of the Offering will be used for the planned development of the
Company's Maverick Gold Project, Flin Flon, Manitoba, as well as general working
capital.


About Auriga Gold

Auriga Gold Corp. is a Canadian mine development and exploration company focused
on developing the Puffy Mine and expanding gold resources on its Puffy and
Nokomis deposits (the "Maverick Gold Project"). The Company plans to upgrade and
expand the resources at the Maverick Gold Project, initiate test mining,
complete feasibility studies of mineral reserves, and bring the Puffy Mine back
into production. The Puffy Mine includes a 1,000 tpd flotation mill, a developed
underground ramp to 135 metres depth, is fully road accessible and close to
existing mining infrastructure. The Maverick Gold Project is located in the Flin
Flon Greenstone Belt of Central Manitoba. To view current images of the property
and mill, please see www.aurigagold.ca/s/photogallery.asp.


This news release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, information with respect to the closing of the
second tranche of the private placement financings, TSX Venture Exchange
approval, use of proceeds and the future develop the Maverick Gold property.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "does not anticipate", or "believes" or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates of management
at the date the information is made, and is based on a number of assumptions and
is subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information, including risks associated with the exploration,
development and mining such as economic factors as they effect exploration,
future commodity prices, changes in foreign exchange and interest rates, actual
results of current exploration activities, government regulation, political or
economic developments, environmental risks, permitting timelines, capital
expenditures, operating or technical difficulties in connection with development
activities, employee relations, the speculative nature of gold exploration and
development, including the risks of diminishing quantities of grades of
reserves, contests over title to properties, and changes in project parameters
as plans continue to be refined as well as those risk factors discussed in the
Company's Management's Discussion and Analysis for the Three and Nine Months
ended December 31, 2011, available on www.sedar.com. Although Auriga Gold has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue
reliance on forward-looking information. Auriga Gold does not undertake to
update any forward-looking information, except in accordance with applicable
securities laws.

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