Victoria Gold Closes Business Combination with Gateway Gold Corp.

TORONTO, ON - Victoria Gold Corp. and Gateway Gold Corp. reported that the previously announced acquisition of Gateway by Victoria, by way of Plan of Arrangement, which was approved by the Supreme Court of British Columbia on December 4, 2008, has closed.
"Victoria aims to add value per share through exploration, prudent acquisitions and effective marketing. While the equity markets have been severely impacted by the recent economic turmoil, Victoria has continued to implement its strategy and we are pleased to end the year with the successful completion of this important acquisition," said Chad Williams, President and CEO of Victoria Gold Corp.
This transaction has allowed Victoria to secure additional advanced projects of a high quality at an attractive valuation in Nevada, near the Company's existing operational base, and it supports our aim of moving toward production rapidly, Williams said.