Auriga Gold Drills 1.69 Meters of 47.2 g/t Gold, the Highest Grade Intersection to Date at the Maverick Gold Project, Manitoba

Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") is pleased
to report results from its Autumn 2011 drilling program at the Company's
Maverick Gold Project. The drilling continues to extend high grade
mineralization in the northern part of the Puffy Lake deposit. In this area,
drill hole A3-81 intersected 1.69 meters grading 47.21 g/t gold including 0.46
meters grading 158.45 g/t gold at a depth of 98.8 meters and down-dip from the
planned north starter pit. Hole A3-84, drilled 50 meters northwest of hole 81,
intersected 6.23 meters grading 7.55 g/t gold including 0.50 meters grading
29.61 g/t gold at a depth of 98.2 meters. Auriga Gold completed a Preliminary
Economic Assessment on the Maverick Gold Project in December 2011 that confirmed
positive economics and pre-tax IRR of 84% (see press release dated January 5,
2012). The Project, located 65 km northeast of Flin Flon, Manitoba, includes the
past-producing Puffy Lake Mine and on-site mill, the adjacent Nokomis deposit,
and recently staked mining claims covering a total of 6,640 hectares (66.4 km2).


Richard Sutcliffe, Auriga Gold's President and CEO commented, "We are very
encouraged with the latest results that demonstrate the potential to increase
our gold resources and to have drilled the highest grade gold intersection to
date at the Maverick Gold Project with assays up to 158 g/t gold or 4.6 ounces
per tonne. Exploration drilling in the northern part of the Puffy Lake deposit
continues to provide some of best and most consistent results at Maverick Gold."




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                 MAVERICK GOLD PROJECT - PUFFY LAKE PROPERTY                
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                        SUMMARY OF SIGNIFICANT ASSAYS                       
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                                               FROM           WIDTH       Au
HOLE     EASTING   NORTHING  AZIMUTH   INCL     (m)   TO (m)    (m)    (gpt)
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A3-71     373378    6100358      270    -45  141.32   142.81   1.49     8.11
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A3-72     373359    6100545      360    -90   57.85    58.35   0.50    31.21
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A3-76     373357    6100573      360    -90   79.59    80.10   0.51     7.77
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A3-81     373209    6100681      360    -90   98.80   100.49   1.69    47.21
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Incl.                                         98.80    99.26   0.46   158.45
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A3-84     373162    6100706      360    -90   98.17   104.40   6.23     7.55
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Incl.                                         98.17    98.67   0.50    29.61
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A3-86     373155    6100732      360    -90  114.22   115.72   1.50     7.54
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Note: true intercept widths are currently estimated at 85-100% of drilled   
 widths. Hole numbers at Maverick Gold have not necessarily been drilled or 
 sampled sequentially.                                                      
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In the latest drilling campaign, holes A3-71, 72, 73, 76, 81, 84, and 86 all
tested shallow underground mineralization down-dip from the planned northern
starter pit. All of the holes except A3-73 contained significant intercepts and
are reported in the table above. Four shallow holes (A3-64, 65, 67 to 69)
drilled to test for an extension of the planned south starter pit did not
intersect significant values. Two holes A3-50 and 62 on the planned Sherridan
starter pit intersected narrow, low grade mineralization. The drill results
reported here have been completed subsequent to the Company's NI43-101 resource
announced in August 2011 (see press release dated August 4, 2011). 


Exploration drilling at Maverick Gold will continue through the winter season
with the intention of both upgrading and expanding existing NI 43-101 resources.
As part of the program the Company is planning a 1,500 meter drilling program at
the Nokomis deposit located 7 km northeast of the Puffy lake mill with
particular emphasis on testing near surface mineralization. A winter road to
obtain access to the Nokomis deposit is currently under construction and
drilling is expected to begin in February.


A plan section showing the location of the diamond drill holes is available on
the Company's website at http://www.aurigagold.ca/i/maps/PuffySatImage.pdf.


Please visit our booth #1430, at the Vancouver Resource Investment Conference on
January 22 and 23, 2012. Additionally, Dr. Richard Sutcliffe, CEO, will be
speaking on Monday January 23rd at 12:00 in the South Speaking Hall. The
conference will be held at the Vancouver Convention Center West.


About Auriga Gold

Auriga Gold Corp. is a Canadian mine development and exploration company focused
on developing the Puffy Lake Mine and expanding gold resources on its Puffy Lake
and Nokomis deposits (the "Maverick Gold Project"). The Company plans to upgrade
and expand the resources at the Maverick Gold Project, initiate test mining,
complete feasibility studies of mineral reserves, and bring the Puffy Lake Mine
back into production. The Puffy Lake Mine includes a 1,000 tpd flotation mill, a
developed underground ramp to 135 metres depth, is fully road accessible and
close to existing mining infrastructure. The Maverick Gold Project is located in
the Flin Flon Greenstone Belt of Central Manitoba.


Qualified Person

The Company's Qualified Person ("QP") for the drill program at the Maverick Gold
Project is Bruce Mackie, P.Geo. As QP, Mr. Mackie has prepared or supervised the
preparation of the scientific or technical information for the property and has
verified the data disclosed in this press release. 


Sample Preparation, Analyses and Security

The assay and sample information as well as geological descriptions are taken
from drill logs as prepared by the project geologists for the drill program. All
drill cores are NQTW in size and assays are completed on split or sawed
half-cores, with the second half of the core kept for future reference. The
samples are put into rice bags which are sealed with security locks for shipping
directly to Accurassay Laboratories, an accredited assay laboratory, in Thunder
Bay, Ontario. The samples are analysed using standard fire assay procedures with
an AA/ICP finish, using 50g aliquots. Assay results greater than 2.50 gram per
tonne will be rerun using a gravimetric finish. In addition to the standard
quality control of the laboratory, a series of blanks and standards are inserted
in every shipment for quality control purposes. 


Certain information regarding the Company including management's assessment of
future plans and operations, may constitute forward looking statements under
applicable securities laws and necessarily involve risks associated with mining
exploration and development, volatility of prices, currency fluctuations,
imprecision of resource estimates, environmental and permitting risks, access to
labour and services, competition from other companies and ability to access
sufficient capital. As a consequence, actual results may differ materially from
those anticipated in the forward-looking statements. A feasibility study has not
been completed and there is no certainty the disclosed targets will be achieved
nor that the proposed operations will be economically viable.
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