Laurentian Goldfields Ltd. (TSX VENTURE:LGF) ("Laurentian", or, the "Company")
is pleased to announce that two significant anomalies, defined by elevated
levels of gold (Au), arsenic (As) and antimony (Sb) in lake sediment and soil
samples, have been identified during Phase 1 of exploration at the Company's
100% owned Goldpines South property, 34 kilometres (km) south of Red Lake,
Ontario. AngloGold Ashanti Limited has an option to earn a 60% interest in the
Goldpines South project by way of the terms of the Superior Alliance (see press
release dated April 29, 2010).


During Phase 1 exploration, Laurentian completed a program consisting of Mobile
Metal Ion(TM) ("MMI") soil sampling and conventional lake sediment sampling at
500 metre (m) centers over the 34,731 hectare Goldpines South property.


Numerous areas of anomalous Au-As-Sb geochemistry were identified, the most
significant being:


The Granite Zone

The Granite Zone anomaly is defined by elevated Au, Sb and As, occurring over a
distance of 5 km, along the inferred contact between fine grained meta-sediments
and a late granitic stock, intruding a major east-west trending fault zone. The
clustering of anomalous Au to the east side of the granite stock suggests the
potential for gold mineralization in low pressure zones at the margin of this
intrusion.


The SLF Zone

The SLF Zone anomaly is defined by the combined results of MMI soil samples and
lake sediment sampling that returned elevated levels of Au-As-Sb over a distance
of 8 km, parallel and adjacent to the Sidney Lake Fault, a first-order,
deep-crustal fault zone. Within the SLF Zone anomaly, assays of Au-in-lake
sediments ranged from 60 to 200 ppb Au. The SLF Zone anomaly is underlain by
schistose meta-sedimentary rocks of the English River Subprovince.


"When considered with the recent results from our adjoining Goldpines North
Project (see press release dated August 11, 2010), the Goldpines area is
demonstrating great discovery potential," states Andrew Brown, president and
chief executive officer of Laurentian. "We are seeing the strong correlation of
anomalous geochemistry to regionally significant geological structures that is
critical in locating large gold deposits."


Field work will resume at Goldpines South by mid-August, with an aggressive
follow-up program designed to upgrade these encouraging, early-stage results to
drill-ready targets for Q1 2011. Follow up work will include tighter sampling,
trenching and/or an induced polarization ("IP") survey over certain target
areas.


QA/QC

Laurentian's disclosure of a technical or scientific nature in this press
release has been reviewed and approved by Patrick Lengyel, P.Geo., Laurentian's
Vice-President, Exploration, who serves as a Qualified Person under the
definition of National Instrument 43-101. Lake sediment samples were shipped to
Activation Laboratories of Ancaster, ON for Aqua Regia, ICP-MS (ultratrace 1)
analyses. Soil samples were sent to SGS Laboratories of Toronto, ON for ICP-MS
analyses using the MMI(TM) process (MMI-M). The Goldpines North property
represents an early stage exploration property and does not contain any mineral
resources as defined by National Instrument 43-101.


About Laurentian Goldfields Ltd.

Laurentian is a team of highly skilled exploration professionals focused on
discovery in under-explored regions of mining-friendly jurisdictions. Laurentian
generates new projects by employing leading edge exploration concepts and
techniques to quickly and cost-effectively screen vast tracts of land for
geological and geochemical signatures known to be associated with world class
gold deposits.


ON BEHALF OF THE BOARD OF DIRECTORS,

Andrew Brown, M.Sc., P.Geo., President and CEO

Some statements in this news release contain forward-looking information. These
statements include, but are not limited to, statements with respect to mineral
potential and planned exploration, development and production activities. These
statements address future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the statements.
Such factors include, among others, realized mineralization of properties and
the timing and success of future exploration, development and production
activities.


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