Independence Gold Options the Grizzly and Aspen Properties, White Gold District, Yukon

Independence Gold Corp. (TSX VENTURE:IGO) ("Independence Gold" or "the Company")
is pleased to announce that the Company has executed a Letter of Intent ("the
LOI"), subject to regulatory acceptance, with Lucky Strike Resources Ltd.
("Lucky Strike") to explore and advance the Grizzly and Aspen properties located
in the White Gold District, Yukon.


Under the terms of the LOI, Lucky Strike may acquire an initial 60% interest in
the Grizzly and the Aspen properties by making aggregate cash payments of
$200,000, issuing a total of 600,000 shares and incurring an aggregate
$3,000,000 in exploration expenditures. After vesting of a 60% interest, Lucky
Strike may acquire an additional 10% interest in the two properties by making an
additional cash payment of $250,000, issuing an additional 500,000 shares and
incurring an additional $2,500,000 in exploration expenditures on the
properties. Independence Gold will act as the operator for both the Grizzly and
the Aspen projects during the first year of the LOI.


Independence Gold staked the Grizzly and Aspen properties in 2011 to cover areas
believed to be underlain by favourable geology. Both properties are located in
the White Gold Area of western Yukon, and are respectively located 118 and 150
kilometres (km) southeast of Dawson City. The Grizzly Property is comprised of
600 claims (approximately 12,540 hectares) and the Aspen Property is comprised
of 510 claims (approximately 10,660 hectares). 2011 exploration on both
properties consisted of geochemical soil sampling. For additional information
please visit the Company's website www.ingold.ca. 


David Pawliuk, P.Geo., the Company's Qualified Person as defined by National
Instrument 43-101 for the White Gold District Projects, has reviewed the
technical information in this news release.


INDEPENDENCE GOLD CORP.

Randy Turner, President & CEO

Independence Gold (TSXV:IGO)
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