Standard Gold Announces New President

Standard Gold, Inc. (OTCBB:SDGR) has hired gold industry veteran Steve Flechner to serve as its president.

At Standard Gold, Mr. Flechner will be working closely with and relying upon two highly-qualified mineral project specialists, Senior Technical Vice President Clyde Smith, Ph.D. and Vice President of Exploration and Sustainability David S. Smith. Together, they have plans for acquisition, exploration, development, and mining of gold and other profitable mineral opportunities being considered and pursued in North and South America.

Visit the new Standard Gold website at www.standardgoldmining.com

About Steve Flechner

Mr. Flechner is the former vice president and general counsel of Gold Fields Mining Corporation, which was the U.S. subsidiary of the former Consolidated Gold Fields of London. In that position, he established and directed Gold Fields’ land, legal, and environmental functions in order to acquire, permit, finance, and develop low-cost, heap-leach gold mining operations at the Ortiz Mine in New Mexico, the Mesquite Mine in California, and the Chimney Creek Mine in Nevada. These three mines collectively produced over 400,000 ounces of gold per year with high profitability. Mr. Flechner negotiated $150 million of gold loans and equipment leases for these projects with Chase, Citibank, Mellon and Westpac banks. He also served on management committees for budgeting, environmental compliance, and community relations as Gold Fields grew from 20 to 1200 people. The Mesquite and Chimney Creek mines were later acquired by Newmont Mining.

More recently, Mr. Flechner has worked with publicly-traded junior exploration companies on project acquisitions and development. He was instrumental in the acquisition of a major South Korean tungsten-molybdenum project (one of the largest tungsten mines in the world) and the formerly-producing largest gold mine in South Korea. He also assisted in establishing a major gold exploration project in Papua New Guinea and has worked on other gold projects in Utah, Nevada, Ireland, Slovakia, Mexico and Columbia.

Mr. Flechner holds a Doctorate in Law from Yale University and has lectured at the Rocky Mountain Mineral Law Institute on “Environmental Laws & Regulations Governing Gold Mining in the West”. His track record with Gold Fields and his experience in domestic and international mining project acquisitions are indicative of his ability to significantly contribute to the growth of Standard Gold.

About Dr. Clyde Smith

Dr. Smith, Standard Gold’s senior technical vice president, holds a B.A. from Carleton College, a M.Sc. from the University of British Columbia, and a Ph.D. from the University of Idaho. He is a registered Professional Engineer with the Association of Professional Engineers and Geoscientists of British Columbia. Dr. Smith has founded or co-founded five exploration companies and is responsible for the discovery of four deposits: the Jason lead-zinc-silver deposit, Yukon Territory, Canada; the Santa Fe gold deposit, Nevada; the North Lake gold deposit, Saskatchewan, Canada; and the Solidaridad gold-silver-copper deposit, Mexico.

About David S. Smith

Mr. Smith, Standard Gold’s vice president of exploration and sustainability, holds a B.A. from Carleton College, a M.Sc. from the University of Oregon, and an MBA from Bainbridge Graduate Institute. He has been involved in minerals exploration for over 20 years in the US, Canada, Mexico, and China, serving most recently as a chief geologist, exploration program manager, and sustainability advisor. He has published research in the leading ore deposits journal Economic Geology and brings substantial hands-on geologic, management, and project development experience to the Standard Gold team.

About Standard Gold, Inc.

Standard Gold is a minerals exploration and development company. Through our wholly-owned subsidiary, Hunter Bates Mining Corporation, we hold title to the past producing gold mine in Colorado known as the Bates-Hunter Mine. We do not claim to have any mineral reserves at the Bates-Hunter Mine. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol "SDGR." To find out more about Standard Gold, Inc. (OTCBB:SDGR) visit our website at www.standardgoldmining.com.

Forward-Looking Statements and Risk Factors

Certain statements included in this press release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes. These risks and uncertainties relate to Standard Gold and its affiliates, and include, among others, the ability to obtain or maintain regulatory approvals; the ability to obtain necessary financing; and other risks and uncertainties described in Standard Gold’s filings from time to time with the Securities and Exchange Commission. Standard Gold disclaims any obligation to update its forward-looking statements.

In addition, the exploration for and development of mineral deposits involves significant financial risks, which even experience and knowledge may not eliminate, regardless of the amount of careful evaluation applied to a process. While the discovery of a mineral deposit may result in substantial rewards, few properties are ultimately developed into producing mines. Moreover, we cannot make any estimates regarding probable reserves in connection with any of our projects and any estimates relating to possible reserves are subject to significant risks. Therefore, no assurance can be given that any size of reserves or grades of reserves will be realized. If a discovery is made, the mineral deposit discovered, assuming recoverable, may differ from the reserves already discovered and recovered by others in the same region of the planned areas of exploration. Further, the cost of exploration and exploitation can be extensive and there is no assurance that we will have the resources necessary or the financing available to pursue projects we currently hold interests in or to acquire interests in other mineral exploration projects that may become available. The risks we face are numerous and detailed information regarding these risks may be found in filings made by us with the Securities and Exchange Commission, including our most recent annual report.