Auriga Gold Drills 2.33 Meters of 12.60 g/t Gold and Continues to Extend Mineralization at the Maverick Gold Project, Manitoba

Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") is pleased
to report results from recent drilling at the Company's Maverick Gold Project.
These results continue to extend high grade mineralization in the northern part
of the Puffy Lake deposit.


Highlights from the recent drilling results include hole A3-83 that intersected
2.00 meters grading 11.96 g/t gold at a depth of 107 meters and hole A3-85
intersected 2.33 meters grading 12.60 g/t gold at a depth of 150 meters. Holes
A3-83 and A3-85 are approximately 50 and 75 meters north respectively of hole
A3-81 that intersected 47.2 g/t over 1.69 m, the highest grade intersection to
date at the Puffy Lake deposit (see press release dated January 17, 2012). 


Auriga Gold recently filed a Preliminary Economic Assessment (PEA) on the
Maverick Gold Project 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 drilling results. The northern part of the Puffy Lake
deposit continues to provide some of best and most consistent results at
Maverick Gold. We will continue to explore along the major mineralized structure
that features a 20 km gold bearing horizon on the property hosting the Puffy
Lake and Nokomis deposits and several gold showings."




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                 MAVERICK GOLD PROJECT - PUFFY LAKE PROPERTY                
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                        SUMMARY OF SIGNIFICANT ASSAYS                       
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                                                 FROM      TO  WIDTH      Au
HOLE       EASTING  NORTHING  AZIMUTH   INCL      (m)     (m)    (m)   (gpt)
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A3-79       373272   6100732      360    -90    48.87   49.12   0.25   10.40
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A3-82       373226   6100761      360    -90   152.54  153.90   1.36    5.56
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and                                            167.55  168.05   0.50    5.73
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A3-83       373198   6100736      360    -90    44.13   44.63   0.50    4.40
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and                                            100.30  100.77   0.47   14.30
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and                                            107.03  109.03   2.00   11.96
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and                                            117.25  118.25   1.00    5.27
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A3-85       373179   6100761      360    -90   149.67  152.00   2.33   12.60
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incl                                           151.51  152.00   0.49   24.33
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Note: true intercept widths are currently estimated at 88-100% 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 A3-79, 82, 83, and 85 all tested shallow
underground mineralization north of the planned northern starter pit. The drill
results reported here were 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 has continued through the winter season
with the intention of both upgrading and expanding existing NI 43-101 resources
around the Puffy Lake deposit as well as on the Nokomis deposit. As announced on
February 22, 2012, Auriga is drilling the Nokomis deposit located 7 km northeast
of the Puffy lake mill with particular emphasis on testing near surface
mineralization. Over 1,200 meters of drilling over 18 holes is now complete at
Nokomis; initial assay results are anticipated in early March, followed by an
upgraded and expanded resource estimate.


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


Please visit our booth #2926 at the PDAC Investors Exchange to be held March 4
to 7, 2012, in Metro Toronto Convention Centre.


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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