VG Gold`s Drilling Delivers More Wide Intersections from Paymaster

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27.7 metres of 1.56 gpt gold (91.0 feet of 0.05 opt)
TORONTO, Ontario, Canada--(Business Wire)--
VG Gold Corp.,(TSX: VG), (FRANKFURT: VN3), (OTC: VGGCF) is pleased to announce
that drilling designed to outline a bulk tonnage open pit resource at the
Paymaster West Project in Timmins, Ontario continues to deliver wide
intersections of good grade. The best result since our last release returned
27.7 metres of 1.56 grams gold per tonne (91.0 feet of 0.05 ounces gold per
ton).

"These results continue to illustrate that Paymaster has a lot of room to grow.
In addition, the project could not be better situated, located 750 m (2500 ft)
to the edge of Goldcorp`s Dome Mine and Mill which has been in operation since
1910 and has produced 17.1 million ounces of gold from both a large open pit and
currently operating underground mine. Our objective is to announce an initial
resource estimate by year-end and continue to advance the project through
aggressive exploration," stated Tom Meredith CEO and President.

1)Open Pit Potential: Wide Intersections Continue

The Paymaster project is situated next to Goldcorp`s Super Pit, one of Canada`s
largest open pit gold mines. To date, VG Gold`s drill results indicate similar
open pit potential could exist at Paymaster. The most recent results
successfully expanded the gold mineralization 91 metres (300 feet) to the west.
Near surface mineralization has now been discovered over an area 513.6 metres
(1685 feet) long by 152.4 metres (500 feet) wide and remains open to the east,
west and at depth. The predominance of the mineralization trends both west
towards VG Gold's 100 percent owned Buffalo Ankerite Property and east toward
Goldcorp`s Dome Mine. Highlights from the recent drilling are shown below:

Hole # From To Width Gold Grade
(m) (m) (m) (gpt)

VGP-10-20ext 230.4 237.8 7.3 3.7

VGP-10-48 203.3 231.0 27.7 1.56
including 3.0 3.65

VGP-10-60 134.4 142.0 7.6 2.91

Intervals reported here are core lengths. True widths are not known at this
time. See more results in Table 1 below.

Some of the previously released near surface results that help illustrate the
bulk tonnage potential include:

Hole # From To Width Gold Grade
(m) (m) (m) (gpt)

VGP-09-16 259.9 282.9 23.0 1.40

VGP-09-31 166.1 210.3 44.2 1.00

VGP-09-33 204.2 228.6 28.5 1.03

VGP-09-34 437.0 468.0 31.0 1.61

VGP-09-45 397.8 435.1 37.3 2.29

VGP-09-51 89.3 106.3 17.0 1.36

VGP-09-53 70.3 100.5 30.2 1.28

VGP-10-64 133.2 149.7 16.5 1.97

VGP-10-65 131.0 157.0 26.0 2.26

VGP-10-67 133.8 159.3 25.5 1.15

2)Deep Drilling: Looking for High-Grade At Depth

VG Gold has recently mobilized a deep drill rig to Paymaster in order to target
high-grade gold mineralization at depth. Historical zones of good grade are
known to occur approximately 750 m (2,500 ft) below surface. Initial drilling
will look to confirm these results and then expand this upon this
mineralization. The deep drill will also be used at Buffalo Ankerite in order to
follow up on high-grade mineralization encountered during VG Gold`s drilling in
2008.

Geotechnical Description of Paymaster West

Gold mineralization at the Paymaster West Project is hosted within and
peripheral to strongly altered and well mineralized quartz feldspar porphyry.
Alteration consists of pervasive ankerite and sericite with local tourmaline,
both disseminated and in veins. Pyrite mineralization is disseminated
throughout, with local concentrations to 20%. Drilling to date has intersected
several intervals of altered and mineralized quartz-feldspar porphyry in each
hole. The Paymaster West Project is situated immediately to the west of
Goldcorp's Dome Mine that has produced over 17 million ounces of gold from both
underground and open pit mining.

Goldcorp Option Agreement

VG Gold has the option to earn a 60% interest in the Paymaster West Property
from Goldcorp by making $6.0 million in exploration expenditures by June 2012.
Once VG Gold has given notice that is has earned its 60%, Goldcorp has six
months to decide if it wishes to increase its ownership from 40% to 70% by
paying VG Gold $710,000 and spending $8.25 million on the property within two
years and then completing a feasibility study by the end of year three.

VG GOLD.....WE ARE GOLD!

QUALIFIED PERSON

All exploration work was conducted under Kenneth Guy, P. Geo., designated
Qualified Person for VG Gold, who has reviewed this press release. All drilling
was completed using NQ size core. Gold analysis of the samples collected by VG
Gold was assayed by ALS Chemex. Analysis consisted of a fire assay of a 30-gram
sample with an atomic absorption finish. Samples assaying over 10.0 gram per
tonne Au are re-assayed with gravimetric finish. Samples noted to contain
visible gold are analyzed via total metallic assay method. A rigorous Quality
Control and Assurance Program (QA/QC) is in place, using control samples such as
Blanks and duplicate checks. In addition, duplicate analyses of 10% of the
samples are corroborated by check assays performed at a third Party Laboratory.

To learn more about VG Gold (TSX: VG), visit our website: www.vggoldcorp.com

The TSX Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.

Table 1. Paymaster West Project - April 2010

Hole # East North Elev Length (ft) Length (m) Dip Azm Assay From (m) Assay To (m) Width (m) Au-gpt G x W
VGP-10-47 5800 8750 11032 754.6 230.0 -50 178 121.3 122.5 1.2 8.62 10.51
155.3 157.9 2.6 UGO
157.9 161.4 3.5 1.57 5.44
170.0 171.6 1.6 1.11 1.80
192.5 195.7 3.2 1.15 3.72

VGP-09-20 5800 8855 11040 990.8 302.0 -50 165 230.4 237.8 7.3 3.70 27.17
Extended 238.4 241.4 3.0 ugo

VGP-10-48 6000 8894 11028 902.2 275.0 -50 180 78.6 86.3 7.6 1.14 8.72
192.5 195.7 3.2 1.15 3.72
203.3 231.0 27.7 1.56 43.27
incl 6.2 2.03 12.57
incl 3.0 3.65 11.14
236.1 239.0 2.9 UGO
239.0 243.5 4.6 1.16 5.31

VGP-10-60 5500 8540 11047 695.5 212.0 -45 175 125.9 127.6 1.7 2.65 4.52
130.9 132.7 1.9 2.08 3.87
132.7 134.4 1.7 UGO
134.4 142.0 7.6 2.91 21.97

VGP-10-61 5500 8540 11047 616.8 188.0 -67 175 no significant values

VGP-10-62 5300 8300 11047 508.5 155.0 -45 180 43.6 45.1 1.5 2.09
112.3 121.5 9.3 UGO

VGP-10-49 5627 8596 11040 597.1 182.0 -45 185 54.1 55.5 1.4 1.18 1.62
111.4 113.2 1.8 3.36 6.14
120.7 126.9 6.2 3.07 18.91
127.9 135.6 7.7 UGO
135.6 136.2 0.6 1.20 0.73

VGP-10-50 5627 8596 11040 597.1 182.0 -61 186 84.06 85.16 1.10 1.905 2.09

VGP-10-68 5300 8300 11047 577.4 176.0 -60 175 28.7 29.6 0.9 1.01 0.92
115.6 116.8 1.2 4.54 5.54
121.1 122.2 1.1 1.99 2.24

VGP-10-69 5400 8300 11044 921.9 281.0 -45 175 27.4 29.7 2.3 3.65 8.48
118.1 121.6 3.5 1.72 6.02

10 holes 7161.9m 2182.9ft ugo is historic mine working

Intervals reported here are core lengths. True widths are not known at this
time.

ugo = underground mine working

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VG Gold Corp.
Tom Meredith, President
Tel.: 416-368-0099
Fax: 416-368-1539
www.vggoldcorp.com

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