Feni Exploration License not Renewed

VANGOLD RESOURCES LTD. TSX-V:VAN

NEWS RELEASE

Feni Exploration License not Renewed

March 3, 2010 – Vancouver, BC - Vangold Resources Ltd. reports that it has received notice from the Mineral Resource Authority that, as of February 22, 2010, it did not renew the exploration license, EL 1021, located on Feni Island in the Lihir Corridor in Papua New Guinea.

Vangold continues to focus on the development of its exploration programs of its prospective gold properties, Mt Penck, Fergusson and Allemata, in Papua New Guinea.

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

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