Pediment Gold Corp.: Drill Testing Resumes at La Colorada Gold Mine Project

VANCOUVER, BRITISH COLUMBIA, Jun 29 (MARKET WIRE) --
Pediment Gold Corp. (TSX: PEZ)(OTCBB: PEZGF) (the "Company") is pleased
to announce that exploration and development drilling at its 100%-owned
La Colorada Gold mine project has resumed. Additional supporting bench
sampling has also been completed; results will be reported when
available. The reverse-circulation drill is currently on site to test a
number of areas, and has completed four drill holes to depths of about 60
metres at its first target. The focus of this short-hole program is to
examine areas of the property containing adjacent workings and anomalous
assay results from prior bench sampling. The objective is to add
resources of shallow mineralization that have potential for mining, using
the project's existing heap-leach facilities.

Drilling was initiated along the south pit wall area of El Creston pit,
collared on the access ramp where prior continuous-chip bench sampling
identified two broad areas of gold mineralization. Targeting in this area
is based on the presence of an unnamed gold-bearing vein extending from
the pit with a length of about 350 metres. The vein has a steep dip and
is parallel to other veins in the Creston pit, and parts of it have
workings including a shaft approximately 30 metres deep. The R.C. drill
will continue to drill in the Creston pit's margins and easterly
extension before moving to test a series of other shallow targets.

La Colorada is an epithermal-vein type, gold-silver district, which the
Company believes is an outlier of the prolific Sierra Madre Occidental
trend of gold-silver deposits that traverses much of central Mexico.
Historic production from La Colorada has been mainly from underground
workings prior to a cessation of mining during the Mexican Revolution. A
total estimated output based on historic records, including from bulk
mining between the mid 1990's to 2003, is over 3.3 million ounces of gold
and 35 million ounces of silver. The project is located within excellent
infrastructure, approximately 40 km southeast of Hermosillo, Sonora
State, Mexico.

In an effort to keep shareholders up-to-date, the Company will be
implementing a section on its website, which will provide general updates
on the progress of the drill program at La Colorada.

Mel Herdrick, the Company's VP of Exploration and a director, is a
Qualified Person as defined by NI 43-101 who has read and approved this
release.

On behalf of the board,

Gary Freeman, President & CEO

This news release contains forward-looking statements within the meaning
of Section 27A of the U.S. Securities Act of 1933, as amended, Section
27E of the U.S. Securities Exchange Act of 1934, as amended, and within
the meaning of Canadian provincial securities laws applicable to the
Company, regarding the commencement of the drill program at La Colorada.
Such statements include, without limitation, statements regarding the
timing of future exploration activities by the Company, future
anticipated exploration program results, the discovery and delineation of
mineral deposits/resources/reserves, business and financing plans,
potential mining scenarios, the success of mineral processing procedures,
business trends and future operating costs and revenues. Although the
Company believes that such statements are reasonable, it can give no
assurance that such expectations will prove to be correct.
Forward-looking statements are typically identified by words such as:
believe, expect, anticipate, intend, estimate, postulate and similar
expressions, or are those, which, by their nature, refer to future
events. The Company cautions that any forward-looking statements by the
Company are not guarantees of future results or performance, and that
actual results may differ materially from those in forward-looking
statements as a result of various factors, including, but not limited to,
variations in the nature, quality and quantity of any mineral deposits
that may be located, the Company's inability to obtain any necessary
permits, consents or authorizations required for its activities, the
Company's inability to produce minerals from its properties successfully
or profitably, to continue its projected growth, to raise the necessary
capital or to be fully able to implement its business strategies. The
reader is referred to the Company's reports, publicly available through
the Canadian Securities Administrators' System for Electronic Document
Analysis and Retrieval (SEDAR) at www.sedar.com, and the U.S. Securities
and Exchange Commission's Electronic Data Gathering and Retrieval (EDGAR)
System at www.sec.gov, for a more complete discussion of such risk
factors and their potential effects.

This news release contains information with respect to adjacent or
similar mineral properties in respect of which the Company has no
interest or rights to explore or mine. The Company advises that the U.S.
Securities and Exchange Commission's mining guidelines prohibit
information of this type in reports filed with the SEC. Readers are
cautioned that the Company has no interest in or right to acquire any
interest in any such adjacent or similar properties, and that mineral
deposits on adjacent or similar properties are not indicative of mineral
deposits on the Company's properties.

All of the Company's public disclosure filings may be accessed via
www.sedar.com and www.sec.gov, and readers are urged to review these
materials, including any technical reports filed with respect to the
Company's mineral properties.

This news release is not, and is not to be construed in any way as, an
offer to buy or sell securities.

The TSX has not reviewed or
accepted responsibility for the adequacy or accuracy of this news
release.

Contacts:
Pediment Gold Corp.
Gary Freeman
604-682-4418

Pediment Gold Corp.
Michael Rapsch
604-682-4418
(604) 669-0384 (FAX)
www.pedimentgold.com

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