January 14, 2013 at 09:43 AM EST
Uragold Reaches a Major Threshold in its Permitting Process: Quebec's Agricultural Land Protection Commission Authorizes Mining Activities on the Beauce Placer Gold Project

MONTREAL, QUEBEC--(Marketwire - Jan. 14, 2013) - Uragold Bay Resources Inc. ("Uragold") (TSX VENTURE:UBR) is pleased to announce that the CTPAQ (Commission de Protection du Territoire Agricole du Quebec), Quebec's Agricultural Land Protection Commission has issued a ruling granting Uragold a five year (renewable) authorization for mining activities on the Beauce Placer Gold project.

Uragold's Beauce Placer gold project is situated in a territory that is zoned agricultural, no permits for activities other than agricultural can be issued until the CTPAQ has rendered a decision. In its decision, the CPTAQ recognizes that the Beauce Placer Property, because of its past mining activities, has negligible agricultural value.

The MDDEP (Ministere du Developpement durable de l'environnement et des parcs) made this requirement a pre-requisite condition to the issue of the Certificate of Authorization (Permit) required to start work on the Beauce Placer Gold project.

About the Beauce Placer Gold Project

The Beauce Placer Gold property is located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec. The project is in its final permitting stage for a 20 years mining lease for a placer gold mining operation.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company trading on the TSX Venture under the symbol UBR. Uragold holds gold properties in Southern Quebec's Appalachian belt. Uragold's business model focuses on developing small scale low-cost mining operations for their cash flow generating potential while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.

Shares outstanding: 45,334,327

Neither the 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.

Contact:

Bernard J. Tourillon

Chairman and CEO

(514) 846-3271

Patrick Levasseur

President and COO

(514) 846-3271

www.uragold.com

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