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PC GOLD PKL-T Time To Buy!

PC Gold Closes $9.1 Million Private Placement
09:44 EDT Tuesday, April 20, 2010

OTTAWA, ONTARIO--(Marketwire - April 20, 2010) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

PC Gold Inc. (TSX:PKL) ("PC Gold" or the "Company") is pleased to announce that it has closed its previously announced offering of 5,000,000 flow-through common shares (the "Flow-Through Shares") at a price of $1.82 per Flow-Through Share for total gross proceeds to the Company of $9.1 million (the "Offering"). The Offering was completed on a guaranteed agency private placement basis by Cormark Securities Inc. as lead underwriter, with a syndicate which included Canaccord Financial Ltd.

The proceeds of the Offering will be used by the Company to incur eligible Canadian Exploration Expenses, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than December 31, 2010. The funds will be used for exploration on the Company's Pickle Crow property located in northwestern Ontario, Canada.

The Flow-Through Shares are subject to a hold period that will expire on August 21, 2010. The Offering remains subject to the final approval of the TSX.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. person absent an exemption from the registration requirements of such Act.

FOR FURTHER INFORMATION PLEASE CONTACT:

PC Gold Inc.
Kevin M. Keough
President and Chief Executive Officer
(613) 271-2105

kevin.keough@pcgold.ca
www.pcgold.ca






PC GOLD INC. is a mineral exploration and development company incorporated for the purpose of acquiring the Pickle Crow Property. Following the completion of the Minimum Offering and Acquisition, the Pickle Crow Properties will be the Company's sole property. The Company intends to undertake a major exploration and development program on the Pickle Crow Property.

PKL.TO - Pc Gold Inc (TSX)

Date	Open	High	Low	Last	Change	Volume	% Change
04/19/10	1.5100	1.5800	1.5100	1.5100	-0.0900	423110	-5.63%

Composite Indicator	-- Signal --	-- Strength --	-- Direction --
Trend Spotter (TM)	Buy	Weak	Weakest
Short Term Indicators
7 Day Average Directional Indicator	Sell	Minimum	Strengthening
10 - 8 Day Moving Average Hilo Channel	Sell	Minimum	Strengthening
20 Day Moving Average vs Price	Sell	Minimum	Strongest
20 - 50 Day MACD Oscillator	Buy	Maximum	Strongest
20 Day Bollinger Bands	Hold		Bearish
Short Term Indicators Average:	40% - Sell
Medium Term Indicators
40 Day Commodity Channel Index	Hold		Bearish
50 Day Moving Average vs Price	Buy	Average	Weakest
20 - 100 Day MACD Oscillator	Buy	Maximum	Strongest
50 Day Parabolic Time/Price	Sell	Average	Strongest
Medium Term Indicators Average:	25% - Buy
Long Term Indicators
60 Day Commodity Channel Index	Hold		Bearish
100 Day Moving Average vs Price	Buy	Strong	Weakest
50 - 100 Day MACD Oscillator	Buy	Maximum	Strongest
Long Term Indicators Average:	67% - Buy
Overall Average:	16% - Buy