LAS VEGAS, Aug. 17 /PRNewswire-FirstCall/ -- Raven Gold Corp. (OTCBB: RVNG) (the "Company"), is pleased to confirm new open pit assay results from the La Currita gold and silver project in Temoris, Mexico. Raven Gold Corp is pleased to announce that ALS Chemex Labs have confirmed assays on six chip samples for the newly developed open pit area of the La Currita Mine. David Peterson P. Eng. took the six samples on July 19th 2007, and the object of this sampling project was to check the high silver and gold assays from earlier samplings. The samples were taken in two horizontal lines, 2 meters and 5 meters below the crest of the pit. Each sample was 1 meter in length and were taken across the exposed and accessible width of the pit. Only a small portion of the total width was sampled due to recent blasting. The Sulema vein is approximately 8 meters wide and has been traced on surface for 1100 meters along strike and is open on both ends. The central 440 meters has been explored by 5 levels spaced approximately 25 meters apart, vertically. The mineralization is continuous from surface thru the 5 levels. David Petersen P. Eng. shipped the samples to the Chemex Prep. Lab in Chihuahua, Mexico and they were analyzed in Vancouver, British Columbia. It was determined by the Company that the Open Pit area should be given extreme priority, both in the North and South zones. The results are shown below: Sample Au Ag # g/T g/T --- --- --- B648705 5.51 544 B648706 0.43 53 B648707 0.4 64 B648708 4.07 391 B648709 30.3 1975 B6487010 7.05 979 -------- ---- --- Average 7.99 668 Blair Naughty, President of Raven Gold Corp. states, "The Company is extremely confident with the results, and is planning for further exploration and sampling at La Currita." Mr. Naughty went on to say, "Our team is postured to execute a plan which will generate positive results for the company and its shareholders." About La Currita The La Currita Groupings includes 4 mines, a 300 ton/day operating floatation mill and stockpiled ore. The La Currita mine was in steady production from 1983 until 1998. A diamond drilling exploration program conducted in 1998 indicated grades of 2.59 g/t Au and 200 g/t Ag. Existing mines and mineralized structures hold potential to increase tonnage through systematic exploration. The area surrounding La Currita has numerous mines and recent substantial discoveries. Adjacent to the La Currita holdings, Palmarejo recently merged with Coeur d'Alene Mines Corporation and Bolnisi Gold NL, in a transaction valued at approximately US$1.1 billion, creating the world's leading primary silver producer. In addition, about 20 miles to the SE is the 170,000 ounce/year Glamis Gold's El Sauzal gold mine and 40 miles to the North is Gammon Lake Resource's Ocampo Gold-Silver Project with a projected 270,000 gold-equivalent ounces/year. About Raven Gold Corp. Raven Gold Corp. is an international gold mining company, with exploration and development projects. Raven's mandate is to initiate an aggressive acquisition policy, focusing on under-explored to advanced stage exploration gold deposits in North and South American Countries. Raven is focused on becoming a low cost gold producer. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. CONTACT: Raven Gold Corp., Investor Relations, 1-877-31-RAVEN (1-877-317-2836), Email: , Website: http://www.ravengold.com/ DATASOURCE: Raven Gold Corp. CONTACT: Raven Gold Corp., Investor Relations, 1-877-31-RAVEN (1-877-317-2836), Email: , Website: http://www.ravengold.com/

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