Touchstone Gold (TSX:TCH)(AIM:TGL) is pleased to announce the discovery of a new high-grade mineralized trend, known as the Bonanza Zone, at the Company’s Segovia Gold Project in Colombia. The Bonanza Zone is located approximately 350 metres due west of the Project’s Pepas-Filodehambre trend, which has been the focus of over 15,000 metres of diamond drilling by Touchstone.
 

Highlights

--  The newly discovered high-grade zone is located in the recently acquired

    El Cinco property

--  The new high-grade zone is located 350 metres due west of the Segovia

    Gold Project's Pepas- Filodehambre trend and measures 600 metres by 30

    metres

--  Initial results from the soil survey indicates the presence of two

    significant gold geochemical anomalies:

    1.  a north-south trending gold anomaly, parallel to the Pepas Trend,

        measuring approximately 900 metres in strike length and

        approximately 150 metres in width, and

    2.  a northwest-trending gold anomaly, located adjacent to and on a

        northwest trend to the first anomaly, measuring approximately 1000

        metres in strike length and approximately 150 metres wide, remaining

        open to the northwest

--  18 rock samples over a distance of 500 metres were collected over the

    North Bonzana trend, results of which include: JWR013031- 50.50 g/t Au;

    JW013014 - 14.80 g/t Au; JWR13024 - 8.646 g/t Au; JWR013032 - 5.423 g/t

    Au

“We are encouraged by the discovery of another mineralized trend that is similar in size to our Pepas- Filodehambre-1141 zone. Finding the Bonanza Zone enhances the high-grade profile of our land package and increases our confidence in the multi-million ounce potential of our Segovia Gold Project. Touchstone continues to move forward in our pursuit to build a low-cost, near-surface, high-grade gold production scenario” commented David Wiley, President and CEO of Touchstone Gold.
 

Details
 

The Bonanza Zone was identified in deforested areas of the El Cinco Property. The Bonanza Zone is characterized by numerous quartz boulders ranging in size from 0.5 to 4.0 metres in size, dispersed along a strong linear trend of approximately 30 metres by 600 metres. Sulphide mineralization observed within the quartz boulders is typically pyrite and chalcopyrite occurring as disseminations along fracture planes and as boxwork textured clots. Initial observations suggest that the characteristics of the mineralization observed at the Bonanza Zone are very similar to the style of mineralization observed in the Pepas-Filodehambre-1141 and Tagual zones of Touchstone’s Rio Pescado Property.
 

Interpretation of LiDar imagery from the Bonanza Zone area indicates that the mineralized boulders are associated with both north and northwest- trending structural linears. Both of these structural linears are believed to be important with respect to gold-bearing structures in the Pepas-Filodehambre and 1141 zones.
 

A total of 72 stream sediment samples were initially taken from drainages in the immediate area of the newly discovered quartz boulders. Several drainages with anomalous gold values were identified. A detailed soil geochemical survey and rock sampling program, consisting of 464 soil samples and 30 rock samples were collected on a grid basis over the mineralized boulder trend and covering the area of geochemically anomalous stream sediment samples. The soil geochemical grid covered an area of 650 metres x 1000 metres with samples collected every 25 metres from east-west lines spaced 50 metres apart. Samples were taken utilizing hand augers and collected at a consistent 50-60cm depth.
 

Initial results from the soil survey indicates the presence of two significant gold geochemical anomalies; 1) a north-south trending gold anomaly, parallel to the Pepas Trend, measuring approximately 900 metres in strike length and approximately 150 metres in width, and 2) a northwest- trending gold anomaly, located adjacent to and on a northwest trend to the first anomaly, measuring approximately 1000 metres in strike length and approximately 150 metres wide, remaining open to the northwest.
 

A total of 18 rock samples, over a distance of 500 metres, were collected over the North Bonanza Trend. Preliminary prospecting and rock sampling along the trend of the newly discovered Bonanza Zone quartz boulder showings and geochemical anomalies has returned the following results:

-------------------------------------

SAMPLE                         g/t Au

-------------------------------------

JWR013005                0.275 g/t Au

-------------------------------------

JWR013012                0.434 g/t Au

-------------------------------------

JWR013013                         NSV

-------------------------------------

JWR013014                14.80 g/t Au

-------------------------------------

JWR013020                1.815 g/t Au

-------------------------------------

JWR013021                1.556 g/t Au

-------------------------------------

JWR013022                2.685 g/t Au

-------------------------------------

JWR013023                4.703 g/t Au

-------------------------------------

JWR013024                8.646 g/t Au

-------------------------------------

JWR013026                1.880 g/t Au

-------------------------------------

JWR013027                         NSV

-------------------------------------

JWR013028                         NSV

-------------------------------------

JWR013029                         NSV

-------------------------------------

JWR013030                0.131 g/t Au

-------------------------------------

JWR013031                50.50 g/t Au

-------------------------------------

JWR013032                5.423 g/t Au

-------------------------------------

JWR013033                0.411 g/t Au

-------------------------------------

JWR013034                0.127 g/t Au

-------------------------------------

NSV: No Significant Values
 

All samples taken were downslope from the outlined north-trending Bonanza gold soil geochemical anomaly and are most likely representative of quartz vein material which has yet to be identified in place.
 

Additionally, a total of 12 rock samples, over a distance of 650 metres, were taken along the newly identified Northwest Bonanza Trend. Unlike the Bonanza North, which has limited forest cover, the Northwest Bonanza Trend has thick forest cover, resulting in limited rock exposure. Grab samples taken along trend returned encouraging results, including:

-------------------------------------

SAMPLE                         g/t Au

-------------------------------------

JWR013003                1.977 g/t Au

-------------------------------------

JWR013004                         NSV

-------------------------------------

JWR013006                0.561 g/t Au

-------------------------------------

JWR013007                0.328 g/t Au

-------------------------------------

JWR013008                0.299 g/t Au

-------------------------------------

JWR013009                0.263 g/t Au

-------------------------------------

JWR013010                1.148 g/t Au

-------------------------------------

JWR013011                0.779 g/t Au

-------------------------------------

JWR013016                         NSV

-------------------------------------

JWR013017                         NSV

-------------------------------------

JWR013018                         NSV

-------------------------------------

JWR013019                         NSV

-------------------------------------

NSV: No Significant Values
 

Technical Information
 

John Nicholson, Chief Geologist of Touchstone Gold Limited, is a qualified person as defined by National Instrument 43-101 and prepared or reviewed the preparation of the scientific and technical information in this news release with respect to the assay results from the drilling program. Mr. Nicholson has a B.Sc. from the University of British Columbia, is a Fellow of the Royal Geographical Society and has been an accredited member of the Association of Professional Engineers and Geoscientists since 1992. Mr. Nicholson has verified the data disclosed in this release, including the sampling, analytical and test data underlying the information presented. Verification included a review and validation of the applicable assay databases and reviews of assay certificates.
 

About Touchstone Gold Limited

Touchstone Gold Limited is a gold exploration company with a highly-prospective gold project in the Segovia District of Colombia. The Company’s Segovia Gold Project hosts a high-grade near- surface gold deposit, Rio Pescado Deposit, which spans along more than 15km of potential strike length. Only 5% of the Company’s property has been drilled to date and several identified target zones, which host high-grade gold geochemical anomalies are due to be drilled in the near-term.
 

With a strategy of creating value through the systematic exploration and development of Touchstone’s existing assets as well as the acquisition of suitable exploration and development mineral projects, Touchstone’s long-term intention is to build a significant gold exploration and production company.