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Ranger Gold Corp. Completes First Phase of Summer Drilling Programs

^{Published on 2010-05-20 06:40:55 - Market Wire}
 

CARSON CITY, NV--(Marketwire - May 20, 2010) - Ranger Gold Corp. (OTCBB: [ RNGC ]) -- Ranger Gold Corp. (the "Company" or "Ranger") is pleased to announce it has completed the first phase of its planned summer drill programs.

"We have completed sampling and mapping on both the CX and Truman properties," says Gary Basrai, President of Ranger. "Results are positive and support our previously identified drill targets. We are now moving forward with our exploration plans and will be applying for a drill permit shortly. We have also engaged a contractor so that we can commence drilling in as timely a manner as possible."

The CX Property consists of 72 unpatented mineral claims covering six epithermal gold-silver targets within a caldera margin that hosts at least two other major gold-silver mines including the prolific Round Mountain Mine. The Truman Property consists of 52 unpatented mineral claims and covers eight epithermal gold-silver targets near the center of the historic Walker Lane trend.

Ranger has the right to earn a 100% interest in both properties by making certain annual option payments and by accruing minimum exploration expenditures.

"We believe the potential for the CX and Truman Properties is significant, and we are very excited about drilling in 2010," says Gary Basrai, President of Ranger.

About Ranger Gold Corp.

Ranger Gold Corp. (OTCBB: [ RNGC ]) is a US-based resource exploration company exploring for gold in proven gold regions of Nevada. It is focused on discovering and developing low-cost gold assets in order to provide maximum return for its shareholders.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at [ http://www.sec.gov ].