GOLD MINING

ROUYN-NORANDA, QC, Jan. 26 /CNW Telbec/ - Visible Gold Mines Inc. (VGD:TSXV and 3V4:Frankfurt) is pleased to announce that it has released its exploration plan for 2011. The current plan anticipates mining exploration expenditures of approximately $6.5 million. The majority of the 2011 exploration expenditures will be used to drill numerous gold targets identified in the previous exploration programs on Visible Gold Mines’ properties located in the Rouyn-Noranda region in the province of Québec. Drilling is expected to be on going until December 2011, as Visible Gold Mines’ pursues its strategy to increase its resources. Visible Gold Mines expects to drill approximately 40,000 metres in exploration and definition drilling during the course of 2011.

Silidor Gold property update

The sixth diamond drill hole is currently in progress and the first five drill holes have intercepted two auriferous quartz veins with thickness varying from 0.3 to 0.6 metres, at a vertical depth down of 100 metres and along a distance of at least 150 metres. First partial gold grade results of these two veins have recovered up to 17.50 g / t Au. Additional results from this drill program are expected in the coming weeks.