Arctic Gold AB (ARCT): All analyses from Bidjovagge completed

Arctic Gold AB (ARCT): All analyses from Bidjovagge completed

Arctic Gold has now received all of the analyses from the drilling in Bidjovagge
this summer and autumn. Among the latest analyses received is one sample with
17.1 g/ton gold over 1.08 m. This sample is taken from a drill core (11-0050)
from the Karin ore's northern area and is located within a 23.72 m long section
where the average grade is 2.41 g/t gold and a copper grade of 0.81%.

In total 2704 samples have been analyzed and the results will be added to the
data base previously created and will be used for the upcoming update of the
mineral resource. The samples have been taken from drill cores from the 42 new
drill holes drilled during the summer and autumn of 2011 in Bidjovagge as well
as from some previous drill cores from the Bidjovagge mine field. Among the
latest analyses received are results from two of the drill holes drilled close
to the A-ore showing interesting copper grades, for example drill hole 11-0047
with 1.21% copper and 1.11 g/t gold over 7.6 m and drill hole 11-0048 with 1.94%
copper and 0.62 g/t gold over 2.31 m. All these sections are reported in the
attachment.

-The results are positive and increase the expectations on the upcoming update
of the mineral resource that is planned for in January, says Lars-Åke Claesson.

Otherwise the work continues with getting a Planprogram according to “Plan og
Byggloven” established so that the impact of the mining operation can be
investigated.

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