Golden Reign Resources Ltd. reported additional assay results from the 2011/2012 definition drill program underway at the San Albino Mine area of its flagship San Albino-Murra Gold Property, Nueva Segovia, Nicaragua. Drill holes SA 11-41, SA 11-42 and SA 11-43 have proven the northeast extension of the San Albino and Arras mineralized structures. Despite drilling through an area of extreme disturbance, where at least two fault zones appear to converge, each hole intersected both the San Albino and Arras mineralized zones. In SA 11-41, the first hole in which visible gold was observed in the core, the Arras zone returned: SA 11-41: 2.0 metres of 85.86 g/t gold and 35.1 g/t silver; including 1.0 metre of 171.62 g/t gold and 68.8 g/t silver; comprised of 0.5 metres of 109.05 g/t gold and 48.2 g/t silver; plus 0.5 metres of 234.19 g/t gold and 89.4 g/t silver. Per the company's standard QA/QC protocol, a duplicate sample from drill hole SA 11-41 was tested. The duplicate sample returned 2.0 metres of 99.28 g/t gold and 35.3 g/t silver. This includes 1.0 metre of 198.47 g/t gold and 69.3 g/t silver, comprised of two 0.5 metre samples grading 101.06 g/t gold and 43.0 g/t silver and 295.87 g/t gold and 95.6 g/t silver, respectively. Highlights from the San Albino zone include: SA 11-42: 4.0 metres of 4.48 g/t gold and 12.3 g/t silver; including 1.0 metre of 15.08 g/t gold and 24.3 g/t silver; SA 11-43: 1.0 metre of 4.22 g/t gold and 9.1 g/t silver. The strike length of the San Albino mineralized zone has been increased by a further 40 metres to approximately 600 metres. Arras, a high-grade near surface mineralized structure, has been extended along strike for a further 95 metres to 545 metres and down-dip for 600 metres. Both mineralized zones remain open along strike in all directions and at depth. The San Albino Mine area represents only 2 square kilometres within the highly prospective 87 square kilometre San Albino-Murra Gold Property. Presently, Golden Reign has three drill rigs active at the San Albino Mine area. The 2011/2012 definition drill program is designed to extend the mineralized area outlined in 2010, refine the geological model, and obtain sufficient data to calculate a NI 43-101 compliant mineral resource for the San Albino Mine area. The Company expects to complete drilling in March 2012 and the NI 43-101 compliant resource calculation in the first half of 2012. The company also announced the appointment of Mr. John Conlon to its Board of Directors. Mr. Conlon has been involved in the mining industry since 1972, first as owner of Webcon Equipment Inc. He has over 40 years experience in the resource industry. Prior directorships include Western Canadian Coal Corp., Cambrian Mining PLC, Coal International Limited and Xtract Energy PLC.