Vangold Resources's Profile

Vangold Resources Ltd. Vancouver, B.C., TSX..V : VAN, Frankfurt Stock Exchange : VAQ., VAN is an international diversified Resource company headquartered in Vancouver, Canada.

We are involved in several high potential projects including oil and gas in Alberta, Armenia, Kenya, and Rwanda, and minerals in Brazil, North America, Papua New Guinea, and Uganda.

Shares are listed on the Toronto Venture Stock Exchange under the symbol VAN and on the Frankfurt Stock Exchange under the symbol VAQ.

Vangold is committed to maximizing value for its shareholders by creating a diversified portfolio of sustainable global resource ventures while continually improving its performance as a responsible corporate citizen and a leader in its industry.

Equity Holdings

International Beryllium Corporation (IB:TSX-V)

In 2007 Vangold created International Beryllium Corporation (IBC) and moved 9 artisanal beryillium mines acquired in 2006 into the new company. Properties included in the deal were 7 mines in Uganda of which they have 90% control, and 2 mines in Brazil of which they retain 100% control. IBC was formed with the objective of consolidating the fragmented beryllium industry and creating a vertically integrated company that can take advantage of the mine to market value chain. The deal called for Vangold to retain 25.6 million shares in the company. IBC's singular focus on beryllium was paramount in the company's ability to attract top beryllium geoscientists in addition to strong institutional interest which allowed it to raise $11 million in start-up capital.

Since its creation, IBC has staked 517 mineral claims in the Lake George area of Colorado, a well known zone of beryllium mineralization that also includes the Boomer mine owned by IBC. The staked area is approximately 10,585 acres (4,284 ha) and includes the former beryllium producing areas of China Wall, Redskin Gulch and other former producing claims and workings.

Pacific Kanon Gold Corporation

Vangold is applying the same philosophy used with IBC to create a new company, Pacific Kanon Gold Corporation(PKG) with an initial public offering expected for late 2008.

PKG is being created with the purpose of rationalizing 5 Papua New Guinea goldfields owned by Vangold and its joint venture partner New Guinea Gold Corp (NGG). The properties included in the deal are Mt. Penck, Yup River, Fergusson, Mt. Almetta, and Bismarck.

These advanced stage gold camps currently held by Kanon Resources, a private company owned 50% by Vangold and 50% by NGG, have already benefited from $25 million in exploration and over the last year NI 43-101 compliant technical reports have been produced for each property. After the initial public offering of PKG, which is expected to raise about $5 million, both Vangold and NGG will retain approximately 35% ownership each in the new company.

The management and directors of PKG, in addition to their geotechnical and support staff, all have extensive experience working in Papua New Guinea and understand how the mining industry operates there. Vangold believes the creation of PKG will create a tremendous opportunity to explore and develop these gold properties into producing mines.

Coppermoly Limited (COY:ASX)

On January 31, 2008, the planned reorganization of the Papua New Guinea exploration assets, Mt Nakru and Simuku copper molybdenum projects, was realized with the successful Initial Public Offering of Coppermoly Limited which raised AU$8M on the Australian Securities Exchange.

Vangold directly holds 1,000,000 shares in Coppermoly and a further 5,263,158 shares indirectly through its shareholding in Pacific Kanon Gold Corp.

The creation of specialized subsidiary companies to develop several of Vangolds assets allows the company to focus its resources on the exploration and development of other key projects around the world.

Oil and Gas

Vangold has generated millions of dollars over the years from its oil and gas interests in North America and looks to continue this trend into the future. In Alberta the company is currently developing high impact gas wells located in the Deep Basin Foothills and on the Sarcee Reserve. Drilling on the properties is expected to be completed by late 2008-early 2009.

Vangold, in addition to the advancement of its Alberta properties, is actively engaged in the exploration of its other oil and gas assets located in Kenya, Rwanda and Armenia.

In Rwanda, Vangold is currently conducting an airborne gravity and aeromagnetic survey that will delineate the salient features, geometry, and depth of the individual sedimentary basins of the East Kivu Graben.

In Kenya Vangold's technical team is presently re-processing and interpreting existing seismic data with new technology in order to develop leads for future drill programs.

In Armenia, where concessions held by Vangold and its joint venture partner Black Stairs Energy cover the entire southern half of the country totaling 13,755 sq km. Continuation of the analyses of the archived technical database and generation of a new geological model for the license are progressing well with several sub basins emerging as prospective targets for further exploration.

Minerals

On the mineral front Vangold is focusing its efforts on the development of key properties in Uganda where the company is one of the largest holders of concessions in the entire country.

The properties of greatest interest include the Kafunjo, West Nile, and Kilembe licenses. At Kafunjo, a drill program is currently underway that will explain the strong 4 km long conductor with coincident magnetic and gravity anomalies occurring on a trend which arcs from the ultramafic-hosted nickel-PGM deposits at Kabanga and Kagera in Tanzania.

At West Nile, Phase I reconnaissance work has been completed and consisted of prospecting, geological mapping and sampling across the 9 licenses. Exploration this year on the Kilembe licenses will consist of GPS relocation of past copper-cobalt mineral occurrences and possibly geological mapping and sampling.