CARPATHIAN GOLD INC.

Carpathian Gold announced further infill drilling results from the ongoing 2009 Phase II Drill Program at the Riacho Dos Machados Gold Project located in Brazil. To date, approximately 15,000m of infill drilling has been completed and the results are demonstrating good geologic and gold grade continuity both along strike and down dip with strong gold mineralization intercepted just below the existing shallow open-pit (maximum 60m deep) mined by the previous operator. This is shown by drill hole FRM-106 which intersected 17m at 2.83 g/t Au approximately 53m below the existing pit and drill hole FRM-102 which intersected 14m at 2.30 g/t Au only 14m below the existing pit.