Sihayo Gold Limited (ASX:SIH) Announce Significant Gold In Drill Intersections Adjacent To Sihayo Gold Resource

Perth, Jan 27, 2011 AEST (ABN Newswire) - Sihayo Gold Limited (ASX:SIH) is pleased to announce that ongoing drilling at the Sihayo Pungkut gold project has intersected further significant gold mineralisation, including 16m @ 7.33 g/t Au from 149 meters, adjacent to the JORC compliant Sihayo-Sambung gold resource (10.7 Mt @ 2.9 g/t Au for 1.01 million oz).

"Significant gold in drilling results will likely have a positive impact on our next resource update and provides further encouragement to aggressively explore along the greater Sihayo gold mineralisation trend. Two lodes are currently being defined by drilling adjacent to the south east boundary of the main Sihayo resource. In addition, further potential mineralisation exists to the north of the main Sihayo deposit and we have a program of holes planned for this area over the next 3 months. It is an exciting time as we seek to grow the overall resource at Sihayo-Sambung beyond the current JORC compliant 10.7 Mt @ 2.9 g/t Au for 1.01 million oz", said Paul Willis, Chief Executive Officer.

Significant intercepts adjacent to the main Sihayo gold resource included:

- SHDD413 29m @ 1.85 g/t Au from 90m and 9m @ 4.14 g/t Au from 126m

- SHDD416 4m @ 4.89 g/t Au from 34m

- SHDD417 5m @ 5.06 g/t Au from 36m

- SHDD426 16m @ 7.33 g/t Au from 149m

- SHDD430 5m @ 6.15 g/t Au from 10m and 13m @ 1.31 g/t Au from 139m

- SHDD431 8m @ 3.46 g/t Au from 72m

- SHDD435 6m @ 1.96 g/t Au from 84m

- SHDD437 12m @ 1.56 g/t Au from 54m

- SHDD448 12m @ 3.47 g/t Au from 79m

- SHDD354 Re-entry 19m @ 1.96 g/t Au from 93m

- SHDD358 Re-entry 6m @ 1.74 g/t Au from 131m

JORC COMPLIANT RESOURCE CALCULATION UPDATE

Runge Limited is currently processing data for the next JORC compliant resource update, which is due for release in March 2011.

Exploration Along The Sihayo Gold Trend

Exploration drilling, with five diamond drill rigs, along strike and adjacent to the current JORC compliant Sihayo gold resource is delineating further mineralisation in the jasper lodes.

Over the next 6-9 months, exploration drilling will test the entire 4.5km long Sihayo gold mineralisation trend for further carbonate hosted economic gold in jasper lodes.

For the complete Sihayo Gold Limited announcement including table and map, please refer to the following link:

http://www.abnnewswire.net/media/en/docs/65086-ASX-SIH-525912.pdf

Contact

Paul Willis Chief Executive Officer Email: sihayogold@sihayogold.com Tel: +61-8-9368-4544 http://www.sihayogold.com