Arctic Gold AB (ARCT): Option agreement for review of the diamond project

Arctic Gold and Dr Markus Elsasser and his partner Dr Mark Hutchison have signed
an option agreement that gives an exclusive access to all data of Arctic Golds
diamond project until the latest June 30th, 2013.
Arctic Gold and Dr Markus Elsasser and his partner Dr Mark HutArctic Gold who
started with diamond exploration in northern Sweden under the name Alcaston
Diamond Exploration AB has during the latest years focused on gold exploration
and thereby looked for a purchaser or a partner with knowledge in diamond
exploration.

An option agreement have now been signed with Elsasser and his partner Dr Mark
Hutchison, a diamond geologist, which gives Elsasser and Hutchison an exclusive
access to all data of Arctic Golds diamond project until the latest June 30th,
2013.

If Elsasser and Hutchison find the project of such interest and will make a
takeover of 100% of the project Arctic Gold will receive 2 % royalty on all
sales generated out of diamond mining of the project and 10 % of shares in the
project in case it is sold with profit by Markus Elsasser or the company in
which the project will be placed.

- This is the first time as we have successfully signed an agreement which might
create future income to Arctic Gold and thereby we see it as a positively
contribute to the continued development of Arctic Gold says CEO Lars-Åke
Claesson.
chison have signed an option agreement that gives an exclusive access to all
data of Arctic Golds diamond project until the latest June 30th, 2013.
For further information, please contact the company's CEO and Qualified Person
as per SweMin as well as Europe Geologist.

Lars-Åke Claesson
CEO
Arctic Gold AB
46 18 156423
46 70 6733294
claesson@arcticgold.se
www.arcticgold.se
Arctic Gold's business concept is to engage in exploration activities to
discover and demonstrate commercially extractable gold and base metal deposits
in Scandinavia. The strategy is primarily to carry out exploration work and
either sell the project within a few years or to establish mining activities
under the company's own control or through a partnership with other companies.
Arctic Gold focuses mainly on the Bidjovagge project in northern Norway and
current gold and base metal permits in Västerbotten and Norrbotten. Arctic
Gold's shares are listed on NASDAQ OMX First North under the ticker ARCT.
Certified Adviser is Erik Penser Bankaktiebolag. More information about company
is available at www.arcticgold.se.