Golden Reign Resources Ltd. announced resource estimate on the San Albino Gold Deposit. The San Albino Deposit is located near the southwest end of a 20 km long mineralized trend defined by Golden Reign as the Corona de Oro belt. The deposit consists of a series of shallow dipping quartz sulphide veins hosted by graphitic argillaceous schist.

The San Albino resource model consists of three high grade, vein systems - the San Albino, Naranjo, and Arras veins - over a strike length of 850 metres, a down dip extension of 925 metres, with a minimum true width of one metre and average true width of 2.6 metres. Only 0.6 square kilometres of the 2 square kilometre San Albino Mine area, within the Company's total 138 square kilometre land package, has been drill tested. All mineralized zones remain open at depth and along strike in both directions.

The company announced indicated resources of 95,000 ounces gold equivalent at 8.47 g/t contained in 348,000 tonnes using 0.5 g/t open pit and 1.5 g/t underground gold equivalent cut-offs. Inferred resources were 805,000 ounces gold equivalent at 7.43 g/t contained in 3,371,000 tonnes using 0.5 g/t open pit and 1.5 g/t underground gold equivalent cut-offs. The resource estimate was derived from applying AuEq cut-off grades to the block model and reporting the resulting tonnes and grade for potentially mineable areas.

The mined tonnage from previous operations was insignificant and was not removed from the block model. An exploration program consisting of additional trenching and drilling is proposed at the San Albino Gold Deposit. Six trenches, totalling 300 m, are planned to be excavated along the south slope of the San Albino hill to further delineate the surface exposure of the San Albino vein.

A further four trenches, totalling approximately 200 m, are planned to expose and extend the surface exposure of the Arras vein. The first phase of a two-phase exploration drill program, to consist of 19,000 m of step-out drilling and 4,000 m infill drilling, will test the down-dip extension and strike extension of all three veins. Phase two drilling, to consist of approximately 30,000 m of step-out drilling, will seek to delineate the boundaries of the San Albino Deposit.

Metallurgical testwork at the San Albino Deposit is warranted to test recovery on oxidized and primary sulphide mineralization. This would be a requirement prior to undertaking a preliminary economic analysis. In addition to the exploration at the San Albino Deposit, 500 m of trenching and 4,000 m of drilling (40 holes) is proposed in order to test new exploration targets in the San Pablo-Las Conchitas area, which lies approximately 1.5 kilometres south of the San Albino Gold Deposit.