TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2008) - Victoria Gold Corp. (TSX VENTURE:VIT)("Victoria") and Gateway Gold Corp. (TSX:GTQ)("Gateway") announced today that they have extended the deadline for the execution of a definitive agreement (the "Definitive Agreement") in connection with the proposed acquisition by Victoria of all of the outstanding common shares of Gateway (the "Transaction"). The execution of the letter Agreement (the "Letter Agreement") in respect of the Transaction was announced in press releases of Victoria and Gateway each dated August 19, 2008. In order to satisfy all of the legal and regulatory requirements associated with the agreement, Victoria and Gateway have mutually agreed to a brief extension of the deadline for the execution of the Definitive Agreement to September 30, 2008. All other terms set out in the Letter Agreement and described in the press releases dated August 19, 2008 remain unchanged. Victoria and Gateway remain committed to completing the Transaction and the process is on track and on budget for a timely closing.
FOR FURTHER INFORMATION PLEASE CONTACT:
Victoria Gold Corp
Chad Williams
President & CEO
(416) 866-8800 ext 230
Email: cwilliams@victoriaus.com
Victoria Gold Corp
Linda Dorrington
Director Public & Investor Relations
(416) 866-8800 ext 226
Email: ldorrington@victoriaus.com
Gateway Gold Corp.
Michael D. McInnis
President
(604) 902-6040
Gateway Gold Corp.
Raju Wani
Investor Relations
(403) 240-0555
Gateway Gold Corp.
Ron Cooper
Investor Relations
(604) 986-0112
Website: www.gatewaygold.com
