Vangold Closes Private Placement

VANGOLD RESOURCES LTD. TSX-V:VAN

NEWS RELEASE

VANGOLD CLOSES PRIVATE PLACEMENT

July 13, 2010 – Vancouver, BC – Further to its news releases of March 24, 2010 and May 07, 2010, Vangold Resources Ltd. ("Vangold" or the "Company") is pleased to announce that it has now closed its non-brokered private placement, issuing a total of 11,420,000 units at a price of $0.20 per unit for gross proceeds of $2,284,000. Each unit consisted of a common share and a non-transferable warrant exercisable at a price of $0.25 per share for 18 months, subject to acceleration on the occurrence of certain events.

10,870,000 units are subject to a hold period expiring September 8, 2010, with the remaining units subject to a hold period expiring October 3, 2010. The Company paid aggregate finder's fees of $67,900 in cash.

To find out more about Vangold Resources Ltd. please visit our website at www.vangold.ca or contact Dal Brynelsen at 604-684-1974 or by email [email protected].

On Behalf of the Board of

VANGOLD RESOURCES LTD.

"Dal Brynelsen"

Dal Brynelsen, President and CEO

Disclaimer for Forward-Looking Information

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.

Suite 900 – 595 Howe Street, P.O. Box 10, Vancouver, BC, Canada V6C 2T5 T 604-684-1974 • F 604-685-5970 • www.vangold.ca