Standard Gold, Inc. (OTCBB:SDGR) has executed an agreement in principle with Pure Path Capital Management Company LLC (Pure Path), whereby Pure Path would invest up to $12 million in funding, which is subject to execution of definitive documents, due diligence and customary closing conditions. In December 2011, Pure Path also purchased the remaining $2 million mortgage on the Tonopah property in order to prevent the original mortgage holder from foreclosing on Tonopah.

The investment by Pure Path would be used, among other things, to satisfy existing liabilities, purchase equipment and operating capital associated with the Amargosa facility, purchase equipment and build out a third facility to serve as a state of the art analytical lab and hydrometallurgical recovery plant in Nevada, conduct National Instrument 43-101 studies at various properties and general working capital.

Sharon L. Ullman, Interim CEO stated, "We are very excited about what this financing opportunity represents for Standard Gold. We expect this financing can be negotiated on terms satisfactory to both parties, enabling us to execute our business plan. We are pleased in the confidence that Pure Path has shown in our team, our plans and the opportunities we have."

About Standard Gold, Inc.

As a result of an acquisition completed in March 2011, Standard Gold's primary focus is to provide toll milling and other custom milling and refining services for the extraction of precious minerals. Standard Gold's assets include one of the largest private land holdings in Esmeralda County, NV, one of the largest tailings holdings, ore dumps, permits and substantial water rights. The Company's facilities are in the historically rich mining regions of Amargosa Valley and Tonopah, NV. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol "SDGR." To find out more about Standard Gold, Inc. (OTCBB:SDGR.ob - News) visit our website at www.standardgoldmm.com.

Forward-Looking Statements and Risk Factors

Certain statements included in this press release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such outcomes. These risks and uncertainties relate to Standard Gold and its affiliates, and include, among others, the ability to manage and operate the assets recently acquired in connection with toll milling; the ability to obtain or maintain regulatory approvals; the ability to obtain necessary financing and other risks and uncertainties.

In addition, the business of toll milling is a relatively new business for our management and involves significant financial risks. Our operations will rely largely on mineral material produced by others, but we have no control over their operations and we cannot make any estimates regarding probable recoveries of these minerals. The tonnage and grade of the tailings that we propose to process have not been fully verified. Our costs and ability to successfully operate have not been fully verified because of our entrance into our new business model and we may incur unexpected costs or delays in connection with starting operations. The cost of designing and building our operations and of finding new toll milling sources can be extensive and will require us to obtain additional financing and there is no assurance that we will have the resources necessary or the financing available to attain operations. Some of our proposed operations will require additional permits, which could incur additional cost and may delay startup. The risks we face are numerous and detailed information regarding these risks may be found in filings made by us with the Securities and Exchange Commission, including our most recent annual report.

Standard Gold, Inc.
Sharon Ullman, 612-349-5277