Vangold Grants Options

VANGOLD RESOURCES LTD. TSX-V:VAN

NEWS RELEASE

VANGOLD GRANTS OPTIONS

July 12, 2010 - Vancouver, British Columbia – Vangold Resources Ltd. ("Vangold" or the "Company") announces that it has granted an aggregate of 3,900,000 incentive stock options to various directors, officers, employees and consultants of the Company on July 9, 2010. These options have a ten year term, exercisable up to July 9, 2020, at an exercise price of $0.21 per share, which is greater than the market value of Vangold’s common shares on the TSX Venture Exchange (“Exchange”) on the date of the grant.

All options and any shares issued on the exercise of options will be subject to a four month hold period and are subject to Exchange approval.

To find out more about Vangold Resources Ltd. please visit our website at www.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by email [email protected].

On Behalf of the Board of VANGOLD RESOURCES LTD.

"Dal Brynelsen"

Dal Brynelsen, President and CEO

Neither TSX Venture Exchange nor its Regulation 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.

Suite 900 – 595 Howe Street, P.O. Box 10, Vancouver, BC, Canada V6C 2T5 T 604-684-1974 • F 604-685-5970 • www.vangold.ca