Peak Gold to appoint Robert J. Gallagher as President, Chief Executive Officer and a Director



    VANCOUVER, Jan. 8 /CNW/ - Peak Gold Ltd. (PIK:TSX-V) ("Peak Gold" or "the
Company") is pleased to announce that Robert J. Gallagher will be joining the
Company's executive team. Mr. Gallagher will be replacing Julio Carvalho as
President and Chief Executive Officer of Peak Gold in February 2008 after a
transition period. Mr. Carvalho will continue to be involved with Peak Gold as
a director and special advisor on Latin American matters.
    Robert Gallagher has worked in the mining industry for over 30 years. He
spent 15 years with Placer Dome and the last 7 years with Newmont Mining
Corporation, most recently as Vice President Operations, Asia Pacific. Mr.
Gallagher brings to Peak Gold a wealth of experience in the mining industry.
He holds a Bachelor of Applied Science in Mineral Engineering from the
University of British Columbia. Mr. Gallagher will be appointed to the Peak
Gold board of directors concurrently with assuming his duties as President and
Chief Executive Officer.
    Peak Gold is pleased to welcome Mr. Gallagher to its executive team. As
well, the Company would like to acknowledge and thank Mr. Carvalho for his
efforts in establishing and developing the operations of Peak Gold to date.
The Company also looks forward to Mr. Carvalho's continuing contribution as a
board member and special advisor.

    Peak Gold is a new intermediate gold producer with a strong foundation
for growth. For further information on the Company, please visit our website
at www.peakgold.com.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This News Release contains "forward looking statements", within the
meaning of applicable Canadian Securities legislation. Forward-looking
statements include, but are not limited to, statements with respect to the
future price of gold and copper, the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the timing and amount
of estimated future production, costs of production, capital expenditures,
costs and timing of the development of new deposits, success of exploration
activities, permitting time lines, currency exchange rate fluctuations,
requirements for additional capital, government regulation of mining
operations, environmental risks, unanticipated reclamation expenses, title
disputes or claims and limitations on insurance coverage. Generally, these
forward looking statements can be identified by the use of forward-looking
terminology such as "plans", "expects", or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts" ,"intends" ," anticipates", or
"does not anticipate", or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could", "would",
"might" or "will" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Peak Gold to be materially different
from those expressed or implied by such forward-looking statements, including
but not limited to: risks related to the integration of acquisitions; risks
related to international operations; actual results of current exploration
activities; actual results of current reclamation activities; conclusions of
economic evaluations; changes in project parameters as plans continue to be
refined; future prices of gold and copper; possible variations in ore
reserves, grade or recovery rates; failure of plant; equipment or processes to
operate as anticipated; accidents; labor disputes and other risks of the
mining industry; delays in obtaining governmental approvals or financing or in
the completion of development or construction activities, as well as those
factors discussed in the section entitled "Description of the Business - Risk
Factors" in Peak Gold's Annual Information Form dated December 18, 2007,
available at www.sedar.com. Although Peak Gold has attempted to identify
important factors that would cause actual results to differ materially from
those contained in forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated, or intended. There can be
no assurance that such statements will prove to be accurate. As actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements that are incorporated by reference herein, except
in accordance with applicable securities laws.





For further information:

For further information: Mélanie Hennessey, Vice President, Investor
Relations, Peak Gold Ltd., 3110-666 Burrard Street, Vancouver, British
Columbia, V6C 2X8, Telephone: (604) 696-4100, Toll-free: (888) 220-2760, Fax:
(604) 696-4110, Email: info@peakgold.com, Website: www.peakgold.com; Vanguard
Shareholder Solutions, 1205-1095 West Pender Street, Vancouver, British
Columbia, V6E 2M6, Telephone: (604) 608-0824, Toll Free: (866) 398-1088,
Email: ir@vanguardsolutions.ca

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PEAK GOLD LTD.

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