Oct 10 (Reuters) - NeXGold Mining Corp ( NXGCF ):

* NEXGOLD AND SIGNAL GOLD ANNOUNCE MERGER TO CREATE ONE OF

CANADA'S MOST ADVANCED NEAR-TERM GOLD DEVELOPERS WITH A

COMBINED 4.7 MILLION GOLD OUNCES OF MEASURED AND INDICATED

RESOURCES AND A PLAN TO ACHIEVE 200,000+ OUNCES OF ANNUAL

PRODUCTION

* SIGNAL GOLD INC ( SGNLF ): EACH SGNL SHARE WILL BE EXCHANGED FOR

0.1244 OF

A NEXG SHARE

* SIGNAL GOLD INC ( SGNLF ) - COMBINED COMPANY PLANS PRODUCTION OF

OVER

200,000 OUNCES PER YEAR

* SIGNAL GOLD INC ( SGNLF ) - JIM GOWANS TO CHAIR COMBINED COMPANY'S

BOARD

* SIGNAL GOLD INC ( SGNLF ) - KEVIN BULLOCK TO BE CEO OF COMBINED

COMPANY

* SIGNAL GOLD INC ( SGNLF ) - NEXGOLD SHAREHOLDERS TO OWN 71%, SIGNAL

SHAREHOLDERS TO OWN 29% POST-TRANSACTION

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