Gonzaga Resources Ltd. provided an update on its exploration program at its Kennedy River Project located near Port Alberni, Vancouver Island, British Columbia. The Property covers roughly half of the historic Kennedy River Gold District and has potential to host significant zones of sheeted vein type gold mineralization. Previous exploration work carried out by Kerr Addison Mines in the late 1980's combined with soil geochemical surveys and 3D IP (induced polarization) surveys carried out by the company in 2010 identified a high priority target in the central part of the Property referred to as the G-1 Target. The objective of the company's Phase 1 work program, as recommended in an independent 43-101 technical report was to further delineate the extent of the "gold in soil geochemical anomaly" associated with the G-1 Target area. During November 2011, field crews completed part of the Phase 1 program by collecting approximately 250 soil and rock samples from the G-1 Target area. Soil sample assays from the initial program ranged from trace levels to 0.614 g/t gold and indicated potential for extensions of the mineralized zone to the west. During March 2012 field crews collected an additional 513 soil samples along 25 meter spaced, north-south oriented profile lines. Wherever bedrock was encountered within the grid area rock samples were also collected for comparative assay. Results of the soil sampling program have confirmed that the mineralized zone associated with the G-1 Target extends to the west and have also identified a second area of elevated "gold in soil" values in the south western part of the survey grid. Both the main anomaly and the new soil anomaly are still open to the west. Elevated "gold in soil" values within the main part of the G-1 Target area have defined a 150 meter wide zone that extends roughly 300 meters east west. Gold values within this zone range from 0.050 g/t gold to 0.614 g/t gold and include numerous samples that exceed 0.100 g/t gold. The new anomaly (located approximately 100 meters south of the main anomaly) is approximately 75 meters in width and has been defined over a strike length of roughly 100 meters. Gold in soil values within the new anomaly range from 0.051 to 0.111 g/ton. Results of the rock sampling program and petrographic work are still pending and will be announced as they become available. Based on results received to date the G-1 Target appears to warrant additional evaluation work. All samples from the current exploration program were submitted to the ALS Group assay facility in North Vancouver. Samples were analyzed by fire assay for gold (Au-ICP-AES finish) and for a suite of 35 elements using aqua regia digestion and standard ICP-AES techniques. ALS Group includes duplicate and industry standard analyses as part of its internal QA and QC program. The ALS Group QA and QC provisions are considered adequate for the current program and no additional measures were implemented.

Gonzaga Resources Ltd. provided an update on Stage 1 Exploration at the company's Kennedy River Project, (the "Property") located near Port Alberni on Vancouver Island, British Columbia. The Property covers roughly half of the historic Kennedy River Gold District and has potential to host significant zones of sheeted vein type gold mineralization. Previous exploration work carried out by Kerr Addison Mines in the late 1980's combined with soil geochemical surveys and 3D IP (induced polarization) surveys carried out by the company in 2010, identified a high priority target in the central part of the Property referred to as the G-1 Target. Based on a compilation of historic work and the results of the company's 2010 work program, the soil geochemical anomaly and the IP anomaly associated with the G-1 Target are estimated to be over 200 meters in width and are both open to the south west. The objective of the company's 2011/12 Phase 1 work program, as recommended in the NI43-101 technical report noted below, was to further delineate the extent of the "gold in soil geochemical anomaly" associated with the G-1 Target area. During November 2011, field crews completed part of the Phase 1 program through a soil geochemical sampling program by collecting approximately 250 soil and rock samples from the G-1 Target area. Soil sample assays from the samples ranged from trace levels to 0.614 g/t gold and include a sample that returned a duplicate assay of 3.88 g/t gold. All samples from the initial part of the Stage 1 program were submitted to the ALS Group assay facility in North Vancouver, British Columbia. Samples were analyzed by fire assay for gold (Au-ICP-AES finish) and for a suite of 35 elements using aqua regia digestion and standard ICP-AES techniques. ALS Group includes duplicate and industry standard analyses as part of its internal QA and QC program. The ALS Group QA and QC provisions are considered adequate for the current program and no additional measures were implemented. Based on the soil sample assays the G-1 target has been extended approximately 200 meters to the west and roughly 100 meters to the north and is now estimated to cover an area measuring approximately 300 meters north - south by 400 meters east - west, with the strongest gold values are localized in the central part of the zone.

Gonzaga Resources Ltd., Annual General Meeting, Apr 04, 2012., at 11:04 Pacific Standard Time. Location: Boardroom of Maitland & Company, Barristers and Solicitors. Agenda: To receive the audited financial statements for the fiscal period ending November 30, 2011, together with the Auditor's Report thereon; to re-appoint the Auditor for the ensuing year at a remuneration to be fixed by the Directors; to elect Directors for the ensuing year; to approve and renew the company's Stock Option Plan; and to transact such other business as may be brought before the Meeting.