Placer Gold Corp. (OTC: PGCR) Independent Geologist Report on Bear Creek

LAS VEGAS, NV, Mar 24 (MARKET WIRE) --
Placer Gold Corp. (PINKSHEETS: PGCR) (the "Company") has published the
most recent independent geological report on the Bear Creek Property. The
report was certified by Jim Halloran, Alaska Certified Professional
Geologist #0054.

Bear Creek Bench Pit Sample Data

Sample $/bcy Sample
Sample Resource Sampled Mgs of Ounces @ $1000
Number Material With Volume Gold /bcy* Au Description
------- ----------- ------- ------ ------ ------ ------- ---------------
3 ft channel in
cobbles &
91St Qal/bedrock 2 pans 0.009 162 .6583 $658.30 bedrock

2 boy on and
9152 Qal/bedrock dredge 2.00 2,180 .0399 $ 39.90 near bedrock

resumed the
above sample
9161 Qal/bedrock dredge 18.00 10,350 .0210 $ 21.00 site

7 ft channel
from 6" into
9201 Qal/bedrock 6-5gals 0.120 232 .0707 $ 70.70 bedrock

2 ft channel in
cobbles and
9202 Qal/bedrock 3 pans 0.0135 13 .0352 $ 35.20 bedrock

7 ft channel
from 6" into
9203 Qal/bedrock 6-5gals 0.120 45 .0137 $ 13.70 bedrock

another sample
9271 Qal/bedrock shovel 1.000 4,031 .1474 $147.40 of 9203 site

Totals & averages
of the samples 21.263 17,013 .0293 $ 29.30
Weighted average
grade is .0291 $29.10

Totals & averages of the samples *Ounces/bcy = The weight of gold in mgs
times the fineness divided by volume of the sample in Icy and 31,103.5 mgs
equals oz/bcy.

The equation used to calculate the grade is: Mgs of gold in sample X
fineness X swell factor (1.25) /31103.5 X sample volume = grade in ounces
per bcy. The fineness is 910.

As the table shows the weighted average grade of the samples is .0291
ounces per bank cubic yard (oz/bcy) or $29/bcy at $1000 gold. Halloran
stated within the report that "The sample data from this investigation
shows that a valuable placer deposit occurs in a portion of the bench
between Bear and Cripple creeks. It is very likely that additional mineral
reserves may be developed nearby."

The report was first published in 1998 and is located on the Company's
website: http://www.placergoldcorp.com/bear_creek.php

The Company continues advancing financing, mining, and development plans
for a number of Alaska placer gold projects, which are scheduled for
development in 2009-2010.

Dredge: Placer Gold has been offered a lease on a large ocean going
suction-cutter dredge for the Nome gold operation, which could be in
production within months, with the addition of gold recovery equipment.

The company is conducting investigations of additional gold properties in
order to deploy its planned gold dredge fleet on during the Alaska winter
months.

Nome Offshore Placer Gold Deposits Attributes:

1. Nome hosts probably the world's largest undeveloped placer gold
resource, (+-10 million ounces).
2. Highest grade large scale placer gold property.
3. Low Capital Costs to put into large-scale production.
4. Low per ounce gold production costs, (-$200/oz).
5. Fast-track development schedule.
6. Higher potential IRR than most gold mines.
7. Possible 250,000 - 500,000 ounce per year production rate.
8. No harmful chemicals used in mining-recovery.
9. Development of other placer gold properties will ensure geographical
spread, ensuring political and geological risks are lowered.

Please visit www.placergoldcorp.com

This announcement contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934 and the Private Securities Litigation
Reform Act of 1995. Actual results may differ from management's
expectations. These forward-looking statements involve risks and
uncertainties that include, among others, risks associated with resource
exploration risks related to competition, management of growth, new
products, services and technologies, potential fluctuations in operating
results, international expansion, commercial agreements, acquisitions and
strategic transactions, government regulation and taxation. More
information about factors that potentially could affect PGCR's financial
results is included in its filings with the Securities and Exchange
Commission.

Contact:
Placer Gold Corp.
(866) 941-2436
Email Contact

Peter J Sterling
CEO
Placer Gold Corp (PGCR)

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