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December 03, 2013

Cangold Extends Warrants

CANGOLD LIMITED (TSX-V: CLD, the "Company") is extending the expiry date of 2,180,000 Series P share purchase warrants ("P Warrants") that are set to expire on December 20, 2013, to December 20, 2014. These warrants were originally issued on December 21, 2009.

The Company is also extending the expiry date of 2,596,000 Series Q share purchase warrants ("Q Warrants") originally issued on July 13, 2011 and 2,404,000 Series R share purchase warrants ("R Warrants") originally issued on August 25, 2011, both set to expire on December 31, 2013, to December 31, 2014.

There is no change in the exercise price of any of the warrants, which remains at $0.20 ($0.50 for 342,000 P Warrants held by insiders).

The expiry date extensions are subject to the approval of the TSX Venture Exchange.

Cangold Limited is a junior exploration company engaged in the exploration and development of gold projects in Mexico and Canada. The Company owns a 100% interest in the Argosy Gold Mine in northwestern Ontario and a 100% interest in the Plomo Project in northern Sonora, Mexico. The Company is seeking an advanced stage gold project in Latin America that could be brought forward into production.

FURTHER INFORMATION
For further information, please visit the Company's website at www.cangold.ca, e-mail info@cangold.ca or telephone (604) 608-1766.

ON BEHALF OF THE BOARD

"Kaare G. Foy"

Kaare G. Foy
Executive Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Cangold Limited

	PRODUCTEUR
	CODE : CLD.V
	ISIN : CA1375881093
	CUSIP : 137588109

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Cangold est une société d’exploration minière d'or basée au Canada.

Cangold détient divers projets d'exploration au Canada et au Mexique.

Son principal projet en production est CASUMMIT-ARGOSY au Canada et ses principaux projets en exploration sont ARGOSY et CASUMMIT LAKE au Canada et LOS VENADOS et PLOMO au Mexique.

Cangold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,4 millions CA$ (1,1 millions US$, 1,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,01 CA$, et son plus haut niveau récent le 17 décembre 2010 à 0,75 CA$.

Cangold possède 46 740 000 actions en circulation.

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
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Cangold Limited

CLD - CANGOLD EXTENDS WARRANTS

Cangold Limited