Threegold Resources Completes the First Closing of a $600,000 Private Placement

VAL-D'OR, QUEBEC, Jul 14 (MARKET WIRE) --
Threegold Resources Inc. (TSX VENTURE: THG) ("Threegold" or the
"Company") announces that it has completed the first closing of its
private placement previously announced July 8th 2009 (press release July
8th 2009) of a maximum of $600,000. The first closing amounts to $150,000
including $10,000 with an insider. The private placement aimed
"accredited investors", partners and close acquaintances. In connection
with the first closing of the private placement, Threegold issued an
aggregate of 1,500,000 units at a price of $0.10 per unit and 1,500,000
common share purchase warrants.

Each common share purchase warrant entitles the holder thereof to acquire
one additional common share of Threegold at a price of $0.14 per share
for a period of twelve months following the closing of the Offering, and
at a price of $0.18 per share for the following twelve month period.

In connection with this private placement, Threegold paid a finder's fee
of $4,160.

All of the proceeds from the private placement will be added to
Threegold's working capital and will be used for general corporate
purposes as well as for exploration work on the Company's existing mining
exploration properties located in the Province of Quebec.

The private placement is subject to regulatory approval. In accordance
with applicable securities legislation, the securities issued in
connection with the private placement will be subject to a four-month
hold period following the closing of the Offering.

As a result of the closing of the private placement, there are 41,424,449
common shares of Threegold issued and outstanding.

Threegold expects to close additional tranches of the private placement
on or about August 14, 2009.

Threegold's common shares are listed on the TSX Venture Exchange under
the symbol "THG". Investors are invited to visit the company's website at
www.threegold.ca.

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
the release.

Contacts:
Threegold Resources Inc.
Mr. Antoine Fournier, P.Geo.
President and Chief Executive Officer
819-825-3883
819-825-7545 (FAX)
info@threegold.ca

Threegold Resources Inc.
Mr. Octavio Soares, FCA
Chief Financial Officer
418-999-8811
819-652-8149 (FAX)
info@threegold.ca

S.D.N.L. Financial Communication
Mr. Sylvain Laberge
Investor Relations
514-380-5610
slaberge@sdnlfinancial.com

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