Spanish Mountain Gold Ltd. (TSX-V: SPA) is a Vancouver, Canada based company which is focused on the development of its 100%-owned advanced-stage, multi-million ounce Spanish Mountain gold project in central British Columbia, Canada.

In addition the Company holds 100% interests in three earlier-stage gold projects in central British Columbia, the Thunder Ridge Zone, which is approximately 100 km southeast of the Spanish Mountain project, and the Manson Creek and Prince George projects. These were acquired by the Company because of their geological similarity to Spanish Mountain.

The Spanish Mountain discovery has been classified as one of the first recognized sediment-hosted bulk tonnage gold systems in British Columbia. Sediment-hosted gold deposits are among the largest gold dominant systems in the world. These giants include Muruntau (100M oz), Sukhoi Log (50M oz), Natalka (48M oz) and Paracatu (10M oz). The deposits tend to be low grade but because of their large size are low cost producers. They form along major tectonic breaks and there are usually multiple deposits.

Measured and indicated resources are 4 million oz gold and inferred resources are 400,000 oz in an NI 43-101 compliant resource at a cut-off grade of 0.3 g/t gold.

The project has been the subject of $25 million in past exploration expenditure. The NI 43-101 compliant resource released in March 2009 was an 47% increase over the initial resource released in April 2008 and was based on approximately 400 drill holes. Preliminary metallurgical test work has been completed and indicates gold recoveries of about 90% by milling.

Testing was done for potential extensions of the resource area to the north and south. Hole 09-DDH 862 intersected 28.5 m grading 1.06 g/t gold, suggesting the potential for expansion to the north of the existing resource.

An evaluation of a conceptual starter pit was made through detailed drilling. Hole 09-DDH 889 intersected 85.0 m grading 2.12 g/t gold including 41.0 m of 3.54 g/t gold.

In 2000 a bulk sample test pit in the areas of the potential starter pit was completed by Imperial Metals. 6,000 tonnes were extracted. The original trench over the centre of the pit returned 2.91 g/t gold over 32 m. Results from blast hole drilling returned an average of 2.2 g/t gold. 3,000 tonnes (approximately 68 truckloads) were shipped to the Mount Polley mill. Pipe sampling of the truckloads returned an average grade of 3.02 g/t gold.

Brian Groves, President, CEO and Director has 30 years' experience in the mining and exploration industry working with junior exploration, junior producing and senior mining companies including AMAX, Noranda and Placer Dome.

Larry Yau, CFO is a Canadian Chartered Accountant and has 20 years of financial and business experience, gained primarily in the mining and resources sectors.

Stuart Morris, Vice-President, Development Geology has more than 30 years of experience in precious and base metal production, mine development and exploration in Canada and the United States.

James Clare, Director is a lawyer at Fraser Milner Casgrain LLP in Toronto and specializes in Mining, Corporate Securities, and Mergers and Acquisitions.

Dale Corman, Director has 40 years' experience as a senior corporate officer of publicly-traded mining companies. He was formerly Chairman and CEO of Western Silver Corp. and is currently President and Chief Executive Officer of Western Copper Corporation.

Christopher Lattanzi, Director is a mining engineer and was President of Micon International Limited, mineral industry consultants, from its founding in 1988 to mid-2005. Mr. Lattanzi formerly served as Chairman of Meridian Gold.

Ian Watson, Director was formerly Chairman and Managing Director of Galahad Gold PLC (see www.ianwatson.biz). He is currently Chairman of Agrifirma Brazil, a company investing in transformational farmland in Brazil.

Donald Sharp, Director is a member of the Institute of Chartered Accountants of British Columbia and is currently the Chief Financial Officer and a director of Eastfeld Resources Ltd., Cariboo Rose Resources Ltd. and Lorraine Copper Corp.

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