$500,000 Private Placement

VANGOLD RESOURCES LTD.

December 13, 2016 TSXV: VAN

$500,000 PRIVATE PLACEMENT

Vancouver, BC – Vangold Resources Ltd. (TSXV: VAN, the "Company") is pleased to announce a nonbrokered private placement (the “Offering”) of up to 10,000,000 units (the “Units”) at a price of $0.05 per Unit to raise gross proceeds of up to $500,000.

Each Unit will be comprised of one common share (the “Shares”) and one non-transferable share purchase warrant (the “Warrants”), each entitling the holder to purchase one common share of the Company at a price of $0.25 for a period of 36 months after closing subject to accelerated expiry if, at any time after four months and one day after closing, the Company’s common shares trade on the Exchange at $0.50 or more for ten consecutive trading days. The securities issued will be subject to a hold period of four months and one day after closing.

The proceeds of the offering will be used to fund exploration and development activities and general working capital, including reviewing potential property acquisitions. Finder’s fees may be paid on a portion of this Offering. The completion of the Offering and the payment of any finder’s fees remains subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

On behalf of the Board Directors

Dal Brynelsen Chief Executive Officer

For more information, please contact:

Corporate Finance 604.499.6545 [email protected]

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements. Any statements that are not historical fact are to be considered forward-looking statements. Forward-looking statements cannot be guaranteed and involve assumptions and are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and not place undue reliance upon forward-looking statements. Any forward-looking statements herein are made as of the date hereof, and the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information and statements except as required by applicable laws.

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