VANGOLD CLOSES TRANCHE I I..........OF PRIVATE PLACEMENT
December 24, 2007 - Vancouver, BC - Vangold Resources Ltd. (“Vangold”) announces the closing of
Tranche II of the private placement announced on November 2, 2007 and November 22, 2007. On
December 13, 2007 Vangold announced the closing of Tranche I which consists of 4,300,000 units at a price
of $0.50 per unit. Each unit includes a share purchase warrant at a price of $0.60 for a term of one year.
Tranche II consists of 2,587,000 units. The total number of units to be issued under the private placement is
6,887,000. The shares are subject to a hold period and may not be traded four months for the date of issue
which will be December 27, 2007.
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