Republic Gold Limited (ASX:RAU) Encouraging Drilling Results From Tregoora Gold Project In FNQ Extends High Grade Shoots

Brisbane, Feb 12, 2010 AEST (ABN Newswire) - Republic Gold Limited (ASX:RAU) today announce that the Company has received results from the RC drilling programme undertaken in December 2009 at its 100%-owned Tregoora Gold Project in Far North Queensland. Drilling took place at the Terrace Creek, Sleeping Giant and Retina South Prospects with a total of 2,252 metres of RC percussion drilling completed before the wet season commenced. The remaining 2,700 metres of the planned 5,000-metre programme will be completed following the wet season.

These new results include drillhole FN098 which extended the main Terrace Creek shoot with a high grade intersection of 4 metres at 6.62 g/t Au. This shoot is now 70 metres long down plunge. Drillhole FN101 extended the newly discovered southern shoot at Terrace Creek with an intersection of 10 metres at 2.57 g/t Au from surface. Drillholes TGA101, 105 and 106 indicate a 130 metres long high grade shoot in the Sleeping Giant area with 12 metres at 3.36 g/t Au, 8 metres at 2.79 g/t Au and 4 metres at 7.19 g/t Au.

This latest round of drilling at Tregoora targeted mineralisation in areas where The Company had previously reported high grade intersections from earlier drilling programmes in 2009.

A further 2,700 metres of drilling will be completed at the conclusion of the wet season mainly targeting mineralisation in the recently purchased mining leases in the central portion of the mineralised zone at Tregoora. These new mining leases have not been drilled by the Company to-date.

The primary focus of the recent drilling campaign at Tregoora was to investigate the potential to extend high grade shoots. This was successful in three zones. There were also four intersections above 2.00% antimony. With the gold price at US$1,065 and antimony price at US$6,400 and without taking metallurgical recoveries into account, 2.00% antimony is equivalent to approximately 12 g/t Au indicating the economic importance of the antimony. All four antimony intersections accompanied gold intersections.

Republic's Managing Director; John Kelly, said: "We continue to be encouraged by the drilling results received from the Tregoora project in FNQ. The recent results focussed on developing the potential for multiple high grade shoots within the key prospect areas, and the Company has been successful in identifying at least three potential high grade shoots to date. The continuation of the current programme will focus on further defining the existing high grade shoots, with a view to target areas in the recently purchased mining leases where historical data points to the existence of high grade mineralised zones."

For the complete Republic Gold ASX Announcement, please click the link below:

http://www.abnnewswire.net/media/en/docs/62268-ASX-RAU-332128.pdf

Contact

John Kelly Managing Director Republic Gold Limited Tel: +61-7-4092-2594 Mob: +61-418-577-759