Gateway Gives Newmont Permission to Run Gravity Survey
Over Carlin East Property

Gateway Gold Corp. (GTQ-TSX) is pleased to announce that the Company has given Newmont Mining Corp. permission to conduct a gravity survey across the southern portion of Gateway's Carlin East prospect. Gateway's Carlin East claims are contiguous with some of Newmont's land holdings on the Carlin Trend, arguably one of the most prolific gold districts in the world. The property comprises 217 claims in Elko and Eureka counties and lies about 5 kilometres east of the Betze-Post deposit, which contains over 40 million ounces of gold. Newmont has agreed to provide Gateway with the data that they collect from Gateway's claims.

Gravity surveys are used extensively in Nevada to help delineate the location of Lower Plate rocks under cover. Rocks of the Lower Plate host the largest gold deposits in Nevada, including most of the deposits in the Carlin Trend. Northeast trending structures that control mineralization at some of the deposits near Carlin East should also show up in the gravity results. Field inspection of several of these structures on the Carlin East property confirms that these structures exhibit intense hydrothermal alteration.

"We are very pleased to see that Newmont shares our opinion that the general Carlin East project area is prospective for the discovery of Lower Plate gold deposits," commented M.D. McInnis, President & CEO of Gateway. "They are well-respected and we look forward to receiving the gravity data from them."

Gateway is a gold exploration company with property interests in north-east Nevada, including the Big Springs property where work has identified a NI 43-101 compliant inferred resource of 15,415,000 tons at an average grade of 0.078 ounces of gold per ton (or 2.67 grams per ton) containing an estimated 1,195,000 ounces of gold (see News Release dated January 20, 2006). Gateway recently optioned the Santa Fe Mine area from Homestake (Barrick). Further work is underway at Big Springs and Santa Fe.

For further information about the Company and its activities, please refer to the Company's website at www.gatewaygold.com and under the Company's profile at www.sedar.com.

ON BEHALF OF THE BOARD

"Michael D. McInnis"

Michael D. McInnis, P.Eng.,
President and CEO

For further information contact:
Michael D. McInnis, President
Tel: 604.801.6040

Website: www.gatewaygold.com
Raju Wani, Investor Relations -- Tel: 403.240.0555
Ron Cooper, Investor Relations -- Tel: 604.986.0112

The TSX does not accept responsibility for the adequacy or the accuracy of this release. Dr. Giles Peatfield, P. Eng. is an Independent Qualified Person for GTQ and has reviewed and approved the contents of this release.

Certain of the statements made and information contained herein is "forward- looking information" within the meaning of the Ontario Securities Act. and the Alberta Securities Act or "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 of the United States Forward-looking statements and forward looking information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements and forward looking information, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources, the geology, grade and continuity of mineral deposits, the possibility that future exploration results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration activities and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described under Risk Factors Relating to the Company's Business in the Company's Annual Information Form and in each management discussion and analysis. Forward-looking information and forward looking statements are in addition based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour and that the political environment within Nevada will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statement.