Ottawa, Ontario – December 15, 2009 – PC Gold Inc. (PKL: TSX) (“PC Gold” or “the Company”) is pleased to announce that it has completed its previously announced public offering of units (the “Units”) and flow-through shares (the “FT Shares”). The Company issued 5,124,000 Units at a price of $0.70 per Unit, and issued 4,204,250 FT Shares at a price of $0.80 per FT Share for total gross proceeds of $6,950,200 (the “Offering"). Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”), with each Warrant being exercisable to acquire one common share at a price of $0.80 for a period of 18 months from the closing date. The Offering was led by Canaccord Financial Ltd., with a syndicate comprising Raymond James Ltd. and Research Capital Corporation (collectively, the "Agents")... 

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