Adventure Gold Announces Closing of an $800,800 Private Placement With Desjardins Securities Inc.

MONTREAL, QUEBEC, Dec 30, 2008 (MARKET WIRE via COMTEX) ----Adventure Gold Inc. (TSX VENTURE: AGE) (the "Company"), is pleased to announce the closing of a private placement with Desjardins Securities Inc. on December 30, 2008, for gross proceeds of $800,800 (the "Offering"). The Offering consisted of the issuance of 650 Units (the "Units") at a price of $1,232 per Unit. Each Unit is comprised of 6,600 flow-through common shares at a price of $0.14 per flow-through share and 2,800 common shares at a price of $0.11 per common share. All shares issued in relation to this Offering are subject to a four-month hold period.

In connection with the Offering, Desjardins Securities received a cash finder's fee of $80,080 (10% of the gross proceeds of the Offering) and non-transferable broker warrants entitling it to acquire 427,700 common shares (7% of shares issued in this Offering) at a price of $0.14 per common share for a period of 18 months following the closing date.

The net proceeds from the private placement will be used for exploration activities on the Company's Senore property located in the Abitibi region of Quebec and for working capital purposes.

Profile:

Adventure Gold Inc. is a mining exploration company focused on discovering high quality gold deposits in the Abitibi greenstone belt located in north-west Quebec and north-east Ontario - one of the richest gold deposit areas in the world. Adventure Gold holds quality assets in the Val-d'Or, Quebec and Timmins, Ontario areas and is led by highly motivated management and technical teams with extensive exploration and mine production experience.

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.

Contacts: Adventure Gold Inc. Maureen Doherty Manager Corporate Communications
613-745-4041 maureen@adventure-gold.com

Adventure Gold Inc. Marco Gagnon President & CEO 450-743-5527 marco@adventure-gold.com

www.adventure-gold.com

SOURCE: Adventure Gold Inc.

mailto:maureen@adventure-gold.com mailto:marco@adventure-gold.com
Adventure Gold

Copyright 2008 Market Wire, All rights reserved.

Adventure Gold Reports on a 3,800-Metre Drill Program on Lapaska

MONTREAL, QUEBEC, Dec 18, 2008 (MARKET WIRE via COMTEX) -- Adventure Gold Inc. (CA:AGE) (the "Company"), a mining exploration company with strategic properties in the Val-d'Or region of Quebec, is pleased to announce that a ten-hole 3,800-metre drill program is currently ongoing on the Lapaska property.

The Lapaska property, 100%-owned by the Company, is favourably located between the past producing gold deposit Sigma II to the east (150,000 oz at 2.5 g/t Au: Placer Dome, 1997) and the Simkar gold deposit to the west (43-101 inferred resource of 105,000 oz at 5.3 g/t Au: Megastar - MDV: TSX-V, September 2008), along the prolific Cadillac Larder Lake Gold Break, a regionally extensive structure that is spatially related to numerous gold mines.

The 3,800-metre drill program is designed to test the down plunge and lateral extensions of the West Zone, which contains historic drill intersections grading 8.2 g/t Au over 6.7 m, 9.3 g/t Au over 3.1 m and 7.5 g/t Au over 5.5 m (core length) to a depth of 200 metres. The drill program will also test the down plunge extension of the Lapaska Central Zone ("LC Zone") and lateral extensions of the gold system. The April 2008 drill program intersected interesting values grading: 13.2 g/t Au over 1.5 m (LP-08-02) and 9.7 g/t Au over 2.2 m (LP-08-01). Follow-up drilling has been proposed. Gold mineralization is associated with a network of dm-scale quartz-carbonate-tourmaline-pyrite veining, largely hosted in a silicified felsic volcanic unit along the contact with a mafic intrusion. This geological environment is very similar to the Simkar gold system. The 40-m-thick gold-bearing system in the LC Zone has been traced along strike over more than 600 metres and to a depth of 300 metres. Within this low-grade gold envelope, the depth and strike extensions of higher-grade mineralized zones represent very high-quality exploration targets for follow-up work.

"We are very excited to start our second drill program on the Lapaska property. Last spring's drill program identified very interesting gold intersections and the potential to intercept significant gold mineralization between the surface and a depth of 300 metres in the down plunge of the LC Zone higher grade oreshoot, is excellent," stated Marco Gagnon, President and CEO of Adventure Gold Inc.

Fieldwork on the Lapaska property will be completed by Adventure Gold employees. Jules Riopel P.Geo., Vice-President Exploration and Acquisitions, who acts as the Company's "Qualified Person" as defined by NI 43-101, will supervise the drill program.

Profile:

Adventure Gold Inc. is a mining exploration company focused on discovering high quality gold deposits in the Abitibi greenstone belt located in north-west Quebec and north-east Ontario - one of the richest gold deposit areas in the world. Adventure Gold holds quality assets in the Val d'Or, Quebec and Timmins, Ontario areas and is lead by highly motivated management and technical teams with extensive exploration and mine production experience.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Contacts:

Adventure Gold Inc.
Maureen Doherty
Manager Corporate Communications
613-745-4041
maureen@adventure-gold.com

Adventure Gold Inc.
Marco Gagnon
President & CEO
450-743-5527
marco@adventure-gold.com

http://www.adventure-gold.com/
SOURCE: Adventure Gold Inc. mailto:maureen@adventure-gold.com
mailto:marco@adventure-gold.com
http://www.adventure-gold.com/
Copyright 2008 Market Wire, All rights reserved.