Adventure Gold Discovers a New Gold Showing on Pascalis-Colombiere: 4,000-Meter Drill Program Underway

MONTREAL, QUEBEC, Apr 29 (MARKET WIRE) --
Adventure Gold Inc. (TSX VENTURE: AGE) (the "Company"), a mining
exploration company with strategic properties in the Val d'Or region of
Quebec and in the Timmins region of Ontario, announces the discovery of a
new gold showing and releases an update on exploration drilling.

Highlights

- The Company's exploration team discovered a new gold showing returning
results up to 12.4 g/t Au on its Pascalis-Colombiere property. Historical
showing sampling on the property returned values up to 73.5 g/t Au (grab
samples);

- Drilling for a total of 681 meters around the Senore property's new
Zone 16 (8.7 g/t Au over 1.2 meters, at less than 20 meters deep)
discovered earlier this year (press release dated February 26, 2008), was
completed at the end of March. Interpretation is ongoing and results will
be released soon;

- A 2,000-meter drill program designed to test near surface gold showings
and to follow-up on historical economic gold drill intersections with
open extensions, is underway on the Pascalis-Colombiere property;

- A 1,400-meter drill program designed to test IP anomalies and
identifying gold structure extensions is planned for later this spring on
the Meunier-144 property. This property is located 1 kilometer west of
the Timmins Gold Project (Indicated 1.3 million tonnes at a grade of 16.5
g / t Au uncut), owned by Lake Shore Gold, in a new emerging gold
district (see Adventure Gold website for the property location).

Pascalis-Colombiere: new discovery and exploration work

The 100%-owned Pascalis-Colombiere property consists of 33 mining claims
totalling 637 hectares which encompasses the former producer Lucien C.
Beliveau Mine (167,000 ounces of gold produced, Cambior 1993). The
property is located in the eastern portion of the highly productive
Val-d'Or mining camp, 1.5 kilometers east of the producing Beaufor Gold
Mine, operated jointly by Richmont Mines and Louvem Mines. The geological
setting of the property appears very favourable for the identification of
new high-grade gold-bearing veins and structures or bulk-style ore
shoots. Past exploration work did not entirely test the numerous gold
occurrences located in the N-S extensions of the former producer Lucien
C. Beliveau Mine associated with dyke set or in other parallel dykes, or
in the extension of ENE trending shear zones. Due to the anticipated
closure of the Mine in October 1993, there was no follow-up on several
drill intercepts with economic gold values. No further exploration work
was completed on the property between 1993 and mid-2008 when the Company
acquired the property.

Following the integration of 676 historical diamond drill holes for
77,000 meters and the elaboration of a new geological model, an
exploration program including mechanical trenching and drilling was
proposed. The main objective of this exploration program is to test ENE
gold structures developed within NNW mafic dykes and volcanic rocks.

Late in 2008, mechanical trenching was carried out over a 30m2
sub-cropping zone located 800 meters south of the Lucien C. Beliveau mine
to uncover an ENE gold-rich shear zone. The Pascale gold Showing is
characterized by several separate decimetric quartz-pyrite veins hosted
in an 8-meter thick shear zone in mafic volcanics. At this early stage,
the new gold zone was sampled along a NNW direction at each meter. From
the 8 rock samples collected on the Pascale Showing, 3 yielded assay
results ranging from 1.6 g/t Au to 12.4 g/t Au. This new gold discovery
has never been tested by drilling. A historical drill hole collared 75
meters north from the new showing intersected 7.4 g/t Au over 1.8 meters
at a depth of less than 25 meters.

In fall 2008, three historical gold showings (Highway, No-2 and Isabella)
were prospected and sampled by the Company. During a field program
conducted on selected areas, 35 rock samples were analyzed and results
are presented in Table 1.

Table 1: Assay results from the fall 2008 Pascalis-Colombiere prospecting
program.

Showings UTM East UTM North
(Nad83Z18) (Nad83Z18) Au (g/t)
--------------------------------------------------------------
Highway 311988 5335819 0.1
311988 5335819 18.0
1.1 km north-west of the 311989 5335820 0.3
shaft of the former 311989 5335820 5.2
gold producer L.C. 311990 5335819 Tr
Beliveau 311990 5335823 0.5
--------------------------------------------------------------
312990 5334632 9.4
No-2 312990 5334632 Tr
312989 5334631 40.7
450 metres south-east of 312989 5334631 2.4
the shaft of the former 312989 5334631 5.3
gold producer L.C. 312986 5334637 73.5
Beliveau 312989 5334636 0.1
312997 5334627 3.2
313007 5334627 0.1
313007 5334627 0.2
312999 5334627 0.5
312994 5334619 Tr
312990 5334621 3.2
312986 5334626 7.7
--------------------------------------------------------------
Isabella 313179 5334688 10.6
313177 5334696 0.3
450 metres south-east of 313177 5334696 Tr
the shaft of the former 313177 5334693 15.8
gold producer L.C. 313177 5334693 12.1
Beliveau and 200 metres to 313178 5334692 17.2
the east-north-east of 313177 5334691 4.7
the No-2 Showing
--------------------------------------------------------------
Pascale 313148 5334352 0.5
313149 5334351 0.2
313149 5334350 0.1
800 metres south-east 313150 5334349 1.6
of the shaft of the former 313150 5334348 12.4
gold producer L.C. 313151 5334347 3.0
Beliveau 313151 5334346 0.2
313153 5334344 Tr
--------------------------------------------------------------

The 2,000-meter drill program recently initiated on
Pascalis-Colombiere will test at least three high-priority targets
including the Highway, the No-2 and the new Pascale showings. The Highway
showing, located 1 kilometre northwest from the mine, contains
significant stackings of quartz-tourmaline-pyrite gold veins which were
followed from the surface to 110 meters at depth. Best historical
drilling intersections have returned: 11.4 g/t Au /3.8m (Hole 59-24A),
11.5 g/t Au /5.3m (91-H-13) and 11.7 g/t Au /3.0m (COL-88-10). The gold
system remains open laterally to the east and below 110 metres deep. The
gold mineralization is associated to a 100-metre thick magnetic mafic
dyke that can be followed by geophysics over a length of 900 metres
towards the north-east. At the No-2 Showing, historical drill holes have
cut significant gold intercepts from the surface to a depth of 80 meters:
9.1 g/t Au /4.4m (83-27), 9.8 g/t Au /4.7m (83-32) and 4.8 g/t Au /5.0m
(91-543). The No-2 Showing is located 450 meters south of the mine and in
the same geological environment. The down plunge of the gold veins
stacking system remains untested.

Marco Gagnon declared: "We are very excited to start our first
exploration drill program in the vicinity of the former producer Lucien
C. Beliveau on the Pascalis-Colombiere property. The drilling of
high-quality targets inside proven areas is a key aspect of our
exploration strategy."

Jules Riopel P.Geo. Vice-President Exploration and Acquisitions, who acts
as the Company's "Qualified Person" as defined by NI 43-101, has reviewed
this press release and will supervise the ongoing drill program. Assay
samples taken during the prospecting program were sent to ALS Chemex of
Val d'Or, QC, a commercial laboratory for analysis.

Profile:

Adventure Gold Inc. is a mining exploration company focused on
discovering high-quality gold deposits in the Abitibi greenstone belt
located in north-west Quebec and north-east Ontario - one of the richest
gold deposit areas in the world. Adventure Gold holds quality assets in
the Val-d'Or, Quebec and Timmins, Ontario areas and is led by a
determined management and technical teams with extensive exploration and
mine production experience. The Company will be active in 2009 with
$1,150,000 slated for exploration in the Val-d'Or and Timmins regions and
will continue to aggressively seek new properties in compliance with the
corporate strategy.

Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.

Contacts:
Adventure Gold Inc.
Marco Gagnon
President & CEO
613-745-4041
marco@adventure-gold.com

Adventure Gold Inc.
Jules Riopel
Vice President Exploration and Acquisitions
819-797-9770
jules@adventure-gold.com
www.adventure-gold.com

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