Savary Gold Launches $1 Million Back Stopped Financing

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Savary Gold Corp. (TSX VENTURE:SCA) has launched a private placement financing
for total gross proceeds of $1,000,200 at a price of $0.06 per common share.
Forbes & Manhattan, Inc. has committed to back stop and guarantee the financing.


The proceeds from the financing will be used to fund the continued exploration
of the Hounde South project in Burkina Faso and for general corporate purposes.
Savary has had remarkable success with its drilling program during the past year
and is anxious to continue its work proving its thesis that the Hounde South
project hosts a deposit similar to the deposits that are producing or currently
subject to development throughout the Hounde Greenstone Belt.


All securities issued by Savary will be subject to a hold period of four months
and one day. The financing is subject to a number of conditions, including,
without limitation, execution of definitive agreements and receipt of all
regulatory approvals.


Upon the closing of the Offering, Savary may pay fees to eligible finders in
accordance with the policies of the TSX Venture Exchange in cash, warrants or
any combination thereof.


Appointment of Charles Mostert to the Board 

Savary welcomes Charles Mostert, the President and Chief Executive Officer of
the company, to the board of directors. Mr. Mostert replaces Mark Morabito, who
has resigned from the board. Savary would like to thank Mr. Morabito for his
contribution to the company.


About Savary Gold

Savary Gold is a Canadian company with a tightly held capital structure and is
focused on exploring the Hounde South Gold Property in Burkina Faso. The
property is in the Birimian age Hounde Greenstone Belt, which hosts Semafo's
Mana mine and additional gold deposits that are presently subject to extensive
exploration efforts (including Endeavour Mining's Hounde Project and Sarama's
South Hounde Project, which is adjacent to Savary Gold's property).


SAVARY GOLD CORP.

On behalf of the Board

Charles Mostert, Chief Executive Officer

Cautionary Notes

This news release may contain forward-looking statements. These statements
include statements regarding the proposed use of proceeds. These statements are
based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in the management discussion and analysis section of our interim and
most recent annual financial statements or other reports and filings with the
TSX Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward-looking statements, except as
required by applicable laws.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "1933 Act"), or any state securities laws and may not be offered
or sold within the United States or to, or for the account or benefit of U.S.
persons (as defined in Regulation S under the 1933 Act) absent such registration
or an applicable exemption from such registration requirements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Savary Gold Corp.
Charles Mostert
President and Chief Executive Officer
+2772 286 9288
info@savarygold.com
www.savarygold.com

Savary Gold Corp. (TSXV:SCA)
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