Uragold Bay Resources Inc. ("Uragold") (TSX VENTURE:UBR) is pleased to announce
that the MDDEP (Ministere du Developpement durable de l'environnement et des
parcs) has issued Uragold the required Certificate of Authorization (CA)
allowing the start of trial mining activities on the Rang Chaussegros of the
Beauce Placer Gold project.


The CA holds Uragold to adhere to agreed environmental control standards in
regards to water quality controls, sedimentation pools, overburden deposits,
derivation canals and restoration plans.


With this CA, Uragold can now excavate a first 209,000 M3 of overburden and
trial mine up to 50,000 M3 of auriferous basal till and saprolite. Trial mining
will allow Uragold to: extract gold while bulk sampling the historical placer
deposit; validate planned mining methods and increase the concession's
potential. As per standard operational procedures, amended CA applications will
be submitted on an ongoing basis to further expand the size of the mining
project.


Patrick Levasseur, president and COO of Uragold stated. "We are very proud that
after twelve months of hard work obtaining the necessary permits, we can now
focus our energy towards extracting gold and generating cash flow."


Non-Brokered Private Placement

Uragold announces its intention to complete a non-brokered private placement
("The Placement") of up to an aggregate of 5,850,000 units ("Unit") at $0.06 per
Unit for gross proceeds of up to $351,000. Each Unit being comprised of 1 common
share and 1/2 common share purchase warrant ("Warrants") of the Company. Each
Warrant will entitle the holder thereof to purchase one common share of the
capital stock of the Company at an exercise price of $ 0.10 during a period of
24 months from the date of closing of the placement. Each share issued pursuant
to the placement will have a mandatory four (4) month holding period from the
date of closing of the placement. The placement is subject to standard
regulatory approvals. 


It is currently anticipated that certain insiders of the Company will be
participating for greater than 25% of the Private Placement. The net proceeds
from the Private Placement will be used primarily for the Beauce Gold project,
exploration and mining engineering activities plus general working capital.


About the Beauce Placer Gold Project

The Beauce Placer Gold property is located in the municipality of
Saint-Simon-les-Mines in the Beauce region of southern Quebec. From 1960 to
1962, the Beauce Placer Mining Company, using a dragline and a floating Yuba
dredge, mined 56,000 oz of placer gold from an area representing less than 20%
of the placer channel of the Rang Chaussegros. Studies of the placer gold
suggest a close proximity to a bedrock source. The project is in its final
planning stage for the start of mining activities.


About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company trading on the TSX Venture
under the symbol UBR. Uragold holds gold properties in Southern Quebec's
Appalachian belt. Uragold's business model focuses on developing small scale
low-cost mining operations for their cash flow generating potential while
simultaneously exploring core properties that hold the potential for the
discovery of blue sky gold deposits like the Beauce Gold project and the
MacDonald Gold project.


Shares outstanding: 45,334,327

FOR FURTHER INFORMATION PLEASE CONTACT: 
Bernard J. Tourillon
Chairman and CEO
(514) 846-3271


Patrick Levasseur
President and COO
(514) 846-3271
www.uragold.com