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Gateway’s Drilling Defines Ore Controls at Lower Mac Ridge

Thursday, December 13th, 2007

Gateway Gold Corp. is pleased to announce the results from the balance of the 17 holes drilled on the Lower Mac Ridge project in northeastern Nevada. The initial three holes (MR-07-01 to MR-07-03) drilled on the prospect were reported in a news release dated October 25, 2007, which returned thick intervals of significant gold values (See Table 2 below). All of the holes were drilled within three separate areas where widespread gold mineralization was discovered by the Company’s previous surface sampling and trenching. Intervals reported are drilled widths, which may not represent true widths of the mineralized zones.
Significant results from Holes MR-07-04 to MR-07-17 are reported below:
Hole, From feet, To feet, Hole Interval feet, Grade g/t Au
MR-07-04 70 95 25 0.717
MR-07-07 15 55 45 0.502
MR-07-08 20 30 10 0.399
MR-07-10 65 100 38 0.188
MR-07-11 65 70 5 0.177
MR-07-12 35 55 20 0.192
MR-07-14 0 6 6 1.201
and 290 300 10 0.225
MR-07-15 65 105 40 0.599
including 80 85 5 1.235
MR-07-16 70 85 15 0.810
M.D. McInnis, President and CEO of Gateway Gold, commented, “Taken as a whole, the results of our initial seventeen holes are highly encouraging as they indicate strongly anomalous gold values over a large area. The latest drill results clearly define a through going NNE oriented west dipping fault that controls the higher grade gold mineralization. The structural setting appears to be very similar to the North Sammy mine area. If this proves to be the case then we can expect to see multiple north plunging mineralized zones concentrated along the NNE structure where that structure intersects repeated sections of a bio-clastic unit to the north and where it crosses folded and structurally complex repeated sections of the Lower Plate units to the south. With this scenario in mind, we are optimistic that we can extend the original discovery area on strike in both directions. This structural model will also be used to help local new higher grade zones within the target area.”
Results from the initial holes MR-07-01 to MR-07-03 are reported below in Table 2.
Table 2
Hole, From feet, To feet, Interval feet, Grade g/t Au
MR-07-01 0 65 65 1.670
Including 0 40 40 2.547
or including 5 30 25 3.688
MR-07-02 80 105 25 0.748
Including 90 95 5 1.150
MR-07-03 15 65 50 1.744
Including 30 60 30 2.650
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