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Lexam VG Gold Inc.
TSX:	LEX
OTCQX:	LEXVF
FRANKFURT:	VN3A

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January 4, 2012
Lexam VG Gold Announces Management Changes
TORONTO, CANADA--(Marketwire - Jan. 4, 2012) - Lexam VG Gold Inc. (TSX:LEX)(OTCQX:LEXVF)(FRANKFURT:VN3A) (the "Company") announces that it has received and accepted the resignation of Mr. Thomas Meredith from the position of President and Chief Executive Officer of the Company. Mr. Meredith will continue as a director of the Company until the next annual meeting of shareholders. The board and management will oversee the day-to-day management of the Company until such time as a successor is named. The board wishes to thank Mr. Meredith for his long-time service to the Company and wishes him all the best in his pursuit of new endeavours. About Lexam VG Gold Lexam VG Gold explores for gold in the Timmins area of northern Ontario, Canada. Lexam VG Gold was formed on January 1, 2011 by the merger of Lexam Explorations Inc. and VG Gold Corp., resulting in a well-funded exploration company that is 27% owned by Chairman Rob McEwen. The company is carrying out an exploration program with several drills operating, designed to build the resource base and to test the potential on its four key property assets: Buffalo Ankerite (100% interest), Fuller (100% interest), Davidson Tisdale (68.5% interest) and Paymaster (60% interest). Lexam VG Gold had $10.3 million in cash as of September 30, 2011, with no bank debt. The company has 225,545,265 issued and outstanding shares. LEXAM VG GOLD.....WE ARE GOLD! To learn more about Lexam VG Gold (TSX:LEX), visit our website: www.lexamvggold.com. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Lexam VG Gold Inc.
Ms. Ha Tran
Chief Financial Officer
647 258 0395 x 190
www.lexamvggold.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Lexam VG Gold Inc.

	EXPLORATEUR
	CODE : LEX.TO

	CUSIP : 918216 10 2

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Lexam VG Gold est une société d’exploration minière d'or basée au Canada.

Lexam VG Gold détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont TIMMINS GOLD, DAVIDSON-TISDALE, FULLER, PAYMASTER et BUFFALO ANKENITE au Canada.

Lexam VG Gold est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 49,8 millions CA$ (45,7 millions €).

La valeur de son action a atteint son plus bas niveau récent le 08 février 2002 à 0,01 CA$, et son plus haut niveau récent le 07 janvier 2011 à 1,52 CA$.

Lexam VG Gold possède 226 570 860 actions en circulation.

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
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Lexam VG Gold Inc.

Lexam VG Gold Announces Management Changes

Lexam VG Gold Inc.