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Carpathian's Latest Drill Results, Including 438 m of 0.83 g/t Au & 0.19% Cu, Confirm Continuing Expansion of the Ciresata Deposit, Romania

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Carpathian Gold Inc. wishes to provide further results from its 35,000 metre 2011 diamond drill program at the Corporation's 100% owned Rovina Valley Project in west-central Romania.

The RVP includes three Au-Cu porphyries discovered by the Corporation. The focus of the 2011 drilling program is the gold-rich Ciresata copper porphyry deposit. Five drill rigs are presently working at the Ciresata deposit, with the objectives of defining the deposit limits and upgrading the inferred resource to the measured plus indicated resource categories. In addition, over the next 12 months, a further 15,000 metres of drilling is allocated to drill test targets in the Ciresata area and other targets on the Rovina Exploration License as part of a collaborative effort between Carpathian and Barrick Gold Corporation resulting from the strategic private placement of Barrick into Carpathian as previously announced on July 18, 2011.

Approximately 28,500 metres of the planned drill program have been completed at the Ciresata deposit year-to-date with results through to drill-hole RGD-30 previously reported. Assay results from an additional 10 drill-holes have been received and include RGD-31 to RGD-41 representing 8,651 metres of drilling, which results are reported below. With the exception of RGD-41, which is an in-fill hole near the centre of the deposit, and drill holes RGD-34 and RGD-35 that are in-fill holes in the northern part of the deposit, all of the other drill holes reported herein were drilled to test the outer perimeter of the Ciresata deposit.

438 metres at 0.83 g/t Au and 0.19% Cu (1.23 g/t Au-eq(i)) in drill hole RGD-41

  • Inclusive of 170 metres at 1.08 g/t Au and 0.19% Cu (1.48 g/t Au- eq(i))

360 metres at 0.71 g/t Au and 0.15% Cu (1.01 g/t Au-eq(i)) in drill hole RGD-33

  • Inclusive of 73 metres at 1.02 g/t Au and 0.17% Cu (1.35 g/t Au- eq(i))

351 metres at 0.68 g/t Au and 0.16% Cu (1.00 g/t Au-eq(i)) in drill hole RGD-34

  • Inclusive of 52 metres at 1.04 g/t Au and 0.18% Cu (1.41 g/t Au- eq(i))

239 metres at 0.67 g/t Au and 0.13% Cu (0.93 g/t Au-eq(i)) in drill hole RGD-35

  • Inclusive of 10 metres at 1.09 g/t Au and 0.20% Cu (1.50 g/t Au- eq(i))

"We are pleased with the results of these perimeter drill holes which not only suggest that the Ciresata porphyry mineralization is still open to the west and southwest but that the RVP is truly becoming a world class project," said Dino Titaro, CEO of Carpathian. Mr. Titaro adds, "The ongoing results of the resource definition drilling continue to support our belief that the size of this deposit will increase, thus contributing significantly to the results of our RVP pre-feasibility study which is in progress. The larger step-out target exploration drill program, planned to start by the end of September, will test the west and southwest extension of the Ciresata mineral system as well as other satellite targets."

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