Press Releases 2011

MIS Drill Hole OM-11-19 Intercets Three Gold Zones

Mistango River Resources Inc., is pleased to report the following deep drill results and start of another 10,000 metre drill program.

Drilling highlights

OM-11-19
From 328 to 337.2 metres returned 8.056 g/t gold over 9.2 metres at a vertical depth of 276 metres below surface in the No. 1-2 zone.

OM-11-20
From 386.5 to 395.0 metres returned 3.071 g/t gold over 8.5 metres at a vertical depth of 354 metres below surface in the No. 14 zone.
Mistango River Resources Inc.-Omega Property-2011 Diamond Drilling-Significant Composites

Hole #

Section

From
(m)
To
(m)
Interval
(m)

Au
(g/t)

Zone

Remarks

*OM-11-01 700W 249.0 272.0 23.0 0.94 21 New discovery now 21*


including 259.0 266.0 7.0 2.68   

including

263.0 266.0 3.0 4.06
*OM-11-02 800W 56.0 62.0 6.0 1.418  1-2  Open pit




including

57.0 60.0 3.0 2.597  1-2
and 113.0 119.0 6.0 15.501  1-2  New discovery? Open pit area

including

114.0  117.0 1.0  29.807  1-2  includes 1m of 45.57 g/t Au

including

116.0 117.0 3.0 45.570  1-2  VG

*OM-11-03

800W 95.0 107.0 12.0 1.144   1-2  Open pit

including

100.0  103.0  3.0  3.05  1-2  Hole lost in stope @ 188m
*OM-11-04 550W 135.0 139.4 4.4 1.74  1-2  Open pit


and 147.8 161.0 13.2 1.236  1-2  Open pit
164.0 170.5 6.5 1.718  1-2  161.0-164.0 stop

*OM-11-05

350W 29.0 36.0 7.0 2.757  14  Open pit
and 43.0 57.0 14.0 5.37  14  Open pit

*OM-11-06

750W 98.0 101.0 3.0 3.52  1-2  Hole stopped in mineral at stope

*OM-11-07

750W        Hole lost in stope, did not reach target

*OM-11-08

600W 258.0 259.0 1.0 2.74  21     






and 317.0 318.2 1.2 3.91
and 340.7 342.5 1.8 1.52
and 382.0 39.0.0 2.0 2.33  14
and 482.0 492.0  10.0 3.438  1-2  Deep hole

including

482.0 484.0 2.0 12.29  1-2       

including

482.0 486.0 4.0 7.045  1-2

*OM-11-09

700W 113.0 116.0 3.0 3.563  1-2

including

114.0 116.0 2.0 5.07  1-2
and 135.0 141.0 6.0 4.205  1-2

including

136.0 140.0 4.0 6.178

*OM-11-10

700W        Hole lost in stope, did not reach target

*OM-11-13

650W        Hole lost in stope, did not reach target

*OM-11-14

650W 156.0 188.0 32.0 1.413  1-2  Open pit

including

173.0 188.0 15.0 1.678  1-2   

*OM-11-16

600W 96.0 97.0 1.0 11.11  1-2
and 116.2 117.0 0.8 16.22  1-2  Hole lost in stope, stopped in mieralized zone

*OM-11-17

600W 20.0 23.0 3.0 1.777  1-2      



and 142.0 145.0 3.0 2.913  1-2
and 150.0 159.5 9.5 1.291  1-2
and 164.0 171.0 7.0 3.091  1-2

*OM-11-21

600W 16.7 36.0 19.3 2.844  1-2
including 25.0  36.0 11.0 3.558  1-2  Hole lost in stope; open pit

*OM-11-22

600W 59.0 68.0 9.0 4.121  1-2  Hole lost in stope; open pit

*OM-11-23

650W 18.0 40.0 22.0 2.690  1-2  Hole lost in stope; open pit

*OM-11-24

650W 44.0 58.0 14.0 1.434  1-2  Hole lost in stope; open pit

*OM-11-25

700W 63.0 65.0 2.0 1.850    



and 68.0 71.0 3.0 24.022  1-2
including 68.0 69.0 1.0 67.99
and 74.0 81.0 7.0 0.866  1-2  Hole lost in stope

*OM-11-27

700W 94.0 96.0 2.0 2.195  1-2
and 99.0 130.0 4.0 1.053  Hole lost in stope

*OM-11-30

700W 72.0 73.0 1.0 15.84  1-2

and

76.0 80.0 4.0 1.54  1-2  Hole lost in stope

*OM-11-31

750W     NSV; Hole abandoned, did not hit target

*OM-11-32

750W         NSV; Hole abandoned, did not hit target

*OM-11-12

700W 271.0 274.0 3.0 3.20  14  Did not reach target @ No.1-2 Zone

*OM-11-11

600W 351.0 353.0 2.0 2.04  14     






and 358.0 362.0 4.0 1.79
and 378.5 382.5 4.0 2.66  14

including

378.5 30.5 2.0 4.20
and 455.0 467.95 12.95 4.05  1-2  Deep hole

including

456.0 460.0 4.0 6.56   

including

462.0 467.0 5.0 5.85

*OM-11-15

700W  347.5 355.3   7.8  3.131  1-2  Deep hole

including

 350.5 355.3 4.8 4.639  1-2

*OM-11-33

800W        Stopped before hitting target

*OM-11-34

800W  97.0  121.0  24.0   2.445  1-2  Open pit
and 126.0 128.0 2.0 5.23  1-2   

*OM-11-35

300W 57.0  59.0  2.0 5.23  FW

*OM-11-19

750W  119.0 132.0 13.0 2.942  21  Deep hole




including

 125.0 127.0 2.0 5.92  21     
and  219.0 223.0 4.0  2.828  14
and  241.0 248.0 7.0 3.351  14
and 328.0 337.2  9.2 8.056   1-2

*OM-11-20

800W  323.2 327.0 4.8 3.709  21  Deep hole


and 386.5 395.0 8.5 3.071  14  Deep hole
and 510.0 512.0 2.0 3.078  1-2

*previously reported: all holes are uncut and over core length; core length is estimated 50-90% of true width; 1 g/t Au multiplied by 0.0291666 equals troy ounces per short ton (to convert from metres to feet multiply by 3.2808).

QA/QC was followed in sampling the core. The core is sawed in half for sampling. Standards, blanks and duplicates were inserted into the stream of core samples every 20 m. The core was assayed at Expert Laboratory Inc. at Rouyn-Noranda, QC using 30 gram samples. The core samples were analyzed using the fire assay method and AA finish. Assays of 1 g/t Au and greater are reassayed using the gravimetric method. Fred Sharpley, P.Geo is the QP for the Omega Property.

Mistango has started a further 10,000 metre drill program adding one drill for deep drilling below the old mine workings. The smaller drill has been continuously drilling in the potential open pit area and in and around the old workings.

To date 49 drill holes consisting of 10,180 metres have been completed in both areas of the open pit area and deep drilling.

Commenting on the intersections; Robert Kasner President and CEO stated the results of the drilling continue to be very encouraging. We still have lots of assays to come from the open pit area and in and around the old mine workings. The latest results from holes OM-11-19 and OM-11-20 show excellent results from the deep drilling. We have been working on a new web site and should have it up and running within two weeks.

Mistango is a Canadian-based junior mining and exploration company focused on existing projects in Ontario and Quebec. For additional information about Mistango and its mining properties, please visit Mistango’s regulatory filings at www.sedar.com or at www.cnsx.ca.

This news release contains certain “forward-looking information”. All statements, other than statements of historical fact, that address activities, events or developments that Mistango believes, expects or anticipates will or may occur in the future including, without limitation, statements relating to Mistango’s anticipated use of proceeds from the Offering, are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of Mistango based on information currently available to Mistango. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Mistango to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Mistango. Factors that would cause actual results or events to differ materially from current expectations include, but are not limited to, Mistango’s decision to cancel its exploration program on its Omega gold property.

Any forward-looking statement speaks only as at the date on which it is made and, except as may be required by applicable securities laws, Mistango disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Mistango believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

For further information please contact

Robert J. Kasner, President and CEO
Telephone: 1 705 567 5351
E-mail: kasner1@ntl.aibn.com