Resouro Gold Inc. announced that the Brazilian Mining Agency has granted a Guia de Utilização, inclusive of environmental and installation license, on the Company's wholly-owned Novo Mundo Project located in the prolific Mato Grosso area in Brazil. As part of the application, the Company submitted a 96.58 kg composite sample of previously stockpiled material and base-of-pit material for preliminary metallurgical processing studies. The results of the studies all exceed 90% gold recoveries using conventional processing flowsheets.

The receipt of the license permits Resouro to install all necessary infrastructure and equipment required for trial mining and commence trial mining at Novo Mundo. Most gold operations in Brazil start production with a Trial Mining License, which is the normal path to the grant of a full mining license. Trial mining at Novo Mundo will go in parallel with further exploration and drilling efforts to continue uncovering the Project's vast blue-sky potential.

Phase 1 drill program is now complete, with assays from the first two holes reported and assays from nine more holes pending.