PC Gold to Start Phase II Drilling at Pickle Crow

OTTAWA, ONTARIO, Jun 01 (MARKET WIRE) --
PC Gold Inc. (TSX: PKL) ("PC Gold" or "the Company") is pleased to report
that Phase II drilling at the Company's past producing Pickle Crow Gold
Mine Property in northwestern Ontario, Canada, is expected to get
underway on or about June 15. Major Drilling Group International Inc. has
been contracted to do the work.

The initial priority will be to follow up on near-surface, high-grade
gold intercepts in the Albany Shaft area from the Fall 2008 Phase I
program, in particular a new discovery made in hole PC-08-027 (news
release, February 10, 2009). PC-08-027, the last hole completed during
the Phase I program, intersected a considerable core length of altered,
heavily sulphidized banded iron formation hosting multiple narrow high
grade gold zones within larger envelopes of lower grade material. The
intensity and widths of the alteration encountered in PC-08-027 are
strongly encouraging, as is its location in historically untested ground
close to the confluence of several important gold-bearing structures.
Follow up drilling will attempt to trace the mineralization encountered
in PC-08-027 down plunge to the north.

The mineralization in PC-08-027 may be related to the mineralized
structures observed in near surface hole PC-08-020 (news release, January
22, 2009), which cut three separate gold zones carrying moderate to high
grades and will also be followed up during Phase II.

In addition to the numerous gold zones and targets already known to be
hosted by the Pickle Crow Property, the Company was also recently
apprised of the potential for the Property to host a new type of deposit,
disseminated-replacement-style gold mineralization similar to that of the
Madsen Mine located in the Red Lake greenstone belt. The Madsen Mine
produced 2.4 million ounces of gold at an average grade of 0.283 opt
(9.7g/t) from highly altered "tuff" units at the sheared unconformable
contact between the Balmer and Confederation assemblages. The Pickle Crow
Property covers 4.5 kilometres of the interpreted unconformable contact
between the Pickle Crow assemblage (comparable in age to the Balmer
assemblage) and the Confederation assemblage. The interpreted contact
runs immediately to the south of the mine in an area largely covered by
glacial till and swamp, and for that reason historically largely
unexplored.

A program of mapping, geochemistry, geophysics, trenching and drilling to
prove or disprove this hypothesis is presently being prepared for
incorporation into the Company's Phase II exploration program. At
present, 3D modeling of the Pickle Crow and Confederation assemblages
suggests the contact lies in close proximity to the old mine workings,
and may, depending on its dip, actually extend beneath the workings.

The Company estimates that it is now approximately 70% of the way through
the process of digitizing and modeling historical data sets for the
Pickle Crow Gold Mine Property, an enormous undertaking which to date has
entailed among other tasks the digitization of geology, surveys and
assays for approximately 3,800 historical drill holes; the digitization
of level plans, stopes, chip assay data and historical resource blocks;
and the scanning and digitization of some 1,850 maps and reports. The
data resulting from these activities, modeled in 3D using Gemcon, is
being used to guide exploration efforts and advance the Property toward a
planned NI 43-101 compliant resource calculation.

QA/QC Procedures

PC Gold has implemented a rigorous quality assurance / quality control
(QA/QC) program to ensure best practices in sampling and analysis of
drill core, the details of which can be viewed on the Company's website
at www.pcgold.ca.

Neil Pettigrew, M.Sc., P.Geo., Vice President, Exploration for PC Gold
and the Company's Qualified Person as defined by NI 43-101, has reviewed
and approved the technical information in this press release.

About PC Gold

PC Gold is a focused gold junior owning 100% of the past-producing Pickle
Crow Gold Mine Property in northwestern Ontario, Canada. The Property
lies within the prolific Uchi geological subprovince which also hosts the
rich gold mines of Red Lake. Pickle Crow was a long life (31 years,
1935-1966), high-grade (16.14 g/t / 0.47 oz/T (tons milled)), profitable
operation (28 years). During its lifetime, it produced a total of 1.45
million Troy ounces of gold, predominantly from quartz-carbonate veins.
The mine closed in 1966 due to increasing costs as operations extended to
deeper levels and revenues declined in real dollar terms in a fixed gold
price environment ($35/oz). Pickle Crow closed with all productive
high-grade veins open at depth and largely untouched zones of gold in
iron formation within or in close proximity to the workings.
Additionally, since the mine shut down, historical exploration programs
have produced several non NI 43-101 compliant resource estimates for the
Property, detailed in Chapter 5.4 of the Pickle Crow Property NI 43-101
Technical Report. Consequently, there is believed to be strong potential
for expanding known gold zones, and making new discoveries. The Pickle
Crow Gold Mine Property has excellent access and exploration
infrastructure, including a new 225 tonne per day mill.

The Toronto
Stock Exchange does not accept responsibility for the adequacy or
accuracy of this release.

Contacts:
PC Gold Inc.
Kevin M. Keough
President and Chief Executive Officer
(613) 271-2105 or (613) 839-2684
kevin.keough@pcgold.ca
www.pcgold.ca

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