AIA

Auriga Gold Corp. (TSX VENTURE:AIA) ("Auriga Gold" or the "Company") today
reports the transaction with Pioneer Metals Unlimited Liability Company, a
subsidiary of Barrick Gold Corporation ("Barrick"), to acquire the Prosperity
North Project in the Clinton Mining Division of British Columbia (previously
announced on February 1, 2012) is now complete. The Company issued 5-year
warrants to Barrick to purchase up to 1.5 million shares of the Company at the
price of $1.00 per share. Prior to the sale of the property, Barrick held
4,000,000 common shares (7.95%) of the Company's outstanding 50,327,535 common
shares. On exercise of the warrants, Barrick will hold 5,500,000 (10.6%) of the
common shares of the Company. The warrants and underlying shares are subject to
a hold period of four months and one day from the date of issuance. The warrants
were acquired for the consideration of $0.02 Cdn per warrant. 


The transaction was subject to the approval of the TSX Venture Exchange, which
approval was received on March 6, 2012. 


Barrick acquired the warrants for investment purposes and has no present
intention to acquire further securities of Auriga, although it may in the future
acquire or dispose of other securities of Auriga, through the market, privately
or otherwise, as circumstances or market conditions warrant. 


To obtain a copy of the Early Warning Report, please contact Barrick Gold
Corporation Brookfield Place, Canada Trust Tower, Suite 3700, 161 Bay Street,
P.O. Box 212, Toronto Ontario, Canada, M5J 2S1, Attn: General Counsel, Phone
Number (416) 861-9911.


Richard Sutcliffe, Auriga Gold's President and CEO commented, "We are pleased
with the exploration opportunity that Prosperity North represents, and by the
continued support of our largest shareholder. Prosperity North is a significant
property both in size and geological profile and offers a large regional
gold-copper porphyry style target." 


The Prosperity North Property is contiguous with Taseko Mines Limited's
("Taseko's") Prosperity copper-gold deposit in the Williams Lake area of British
Columbia. Taseko's Prosperity deposit is a gold-copper porphyry with a 1.0
billion tonne Measured and Indicated Resource containing 5.3 billion pounds of
copper and 13.3 million ounces of gold and is one of the largest undeveloped
copper-gold deposits in Canada. Auriga's Prosperity North Property covers a
similar geological trend to the Prosperity deposit and contains a largely
untested Induced Polarization (IP) anomaly that may be consistent with a
porphyry-style copper deposit. There is no guarantee that the Taseko Prosperity
deposit is indicative of the mineralization that may be discovered on the
Prosperity North Property. 


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 work
toward upgrading and expanding 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. 


This news release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, information with respect to the closing of the
second tranche of the private placement financing, use of proceeds, the future
develop the Maverick Gold property and move towards targeted open pit test
mining. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "does not anticipate", or "believes" or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates of management
at the date the information is made, and is based on a number of assumptions and
is subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information, including risks associated with the exploration,
development and mining such as economic factors as they effect exploration,
future commodity prices, changes in foreign exchange and interest rates, actual
results of current exploration activities, government regulation, political or
economic developments, environmental risks, permitting timelines, capital
expenditures, operating or technical difficulties in connection with development
activities, employee relations, the speculative nature of gold exploration and
development, including the risks of diminishing quantities of grades of
reserves, contests over title to properties, and changes in project parameters
as plans continue to be refined as well as those risk factors discussed in the
Company's Management's Discussion and Analysis for the Three and Six Months
ended September 30, 2011, available on www.sedar.com. Although Auriga Gold has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue
reliance on forward-looking information. Auriga Gold does not undertake to
update any forward-looking information, except in accordance with applicable
securities laws.

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