Gunpowder Gold Releases Additional Assays on Newly Acquired Claims of Dome Rock Gold Project, Arizona, Including 98.6 g/t Au

LAS VEGAS, Jan. 18, 2012 /PRNewswire/ -- Gunpowder Gold Corporation (OTCBB: GUNP) ("Gunpowder" or the "Company") is pleased to announce further results from its sampling program on the newly acquired claims in the Dome Rock Gold Project in La Paz County, Arizona.

Assay results include several rock chip samples from the Northern section of the new claim, surrounding the existing BHR62 claim.  Again, several samples assayed strongly for gold, copper and silver, with the highest gold sample value at 98.6 g/t Au.  Highlights of the sampling program include:

Fire Assay and Ultra-trace Multi-acid Digestion Geochemistry (in ppm)

"These impressive assay results from the Northern section of our newly acquired claim block, validate our decision to hold on to BHR62 and to further explore the surrounding area.  The precious metals indications continue to be strong.  Gold pathfinder elements are present, as indicated by significant Arsenic values in this sample.  We have several strong sample hits with high values in gold, silver, and copper." explained Michael Nott, President of the Company.

Gunpowder expects to receive assay results from the southern block sampling program, as well as sediment sampling results within the week.  The company remains on target to advance the project to the next phase of its exploration program in the first quarter of 2012.

About The Company

Gunpowder Gold Corporation is a gold exploration company in pursuit of high impact gold projects in the Walker Lane Trend, as it extends into Arizona. The Company has developed a strategically-located set of mineral claims in the Dome Rock mountains region of Arizona. The Dome Rock gold project is approximately nine miles from the Copperstone mine, one of the largest gold discoveries in Arizona's history. The Copperstone open pit and underground workings are located at the northern tip of the Dome Rock mountains.

The Company's Dome Rock project in western Arizona is located on-trend of the world famous Walker Lane. The Walker Lane Gold Trend has produced over 50 million oz of gold and 400 million oz of silver, historically.

Statement:

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. The forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's website at http://www.sec.gov.

www.GunpowderGold.com

SOURCE Gunpowder Gold Corporation