Telkwa Announces Completion of Private Placement



    /THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO
    ANY UNITED STATES NEWS SERVICE/

    TORONTO, March 7 /CNW/ - Telkwa Gold Corporation (TKW-TSXV) announces
completion of a non-brokered private placement financing of $400,000
comprising the sale of 8,000,000 Units, sold at $0.05 per Unit as announced on
January 14, 2008. Each Unit consists of one common share and one common share
purchase warrant ("Warrant"). Each whole Warrant entitles the holder to
acquire one common share for $0.10 for a period of two years. All securities
issued in conjunction with the offering are subject to a hold period which
expires four months after closing. Insiders subscribed for 3,100,000 units.
    Proceeds of the financing will be used for exploration, property
acquisition and general working capital.
    Telkwa Gold Corporation's current exploration focus is Nevada where it
has three properties and it also has one exploration property located in
British Columbia. Telkwa Gold maintains its website www.telkwagold.com with
corporate information, reports and images of our exploration projects.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release. This news
    release may contain forward-looking statements including but not limited
    to comments regarding the timing and content of upcoming work programs,
    geological interpretations, receipt of property titles, potential mineral
    recovery processes, etc. Forward-looking statements address future events
    and conditions and therefore, involve inherent risks and uncertainties.
    Actual results may differ materially from those currently anticipated in
    such statements.

    This news release is not for dissemination in the United States or to any
    United States news service, and does not constitute an offer to sell or a
    solicitation of an offer to buy the securities in any jurisdiction. The
    common shares of Telkwa Gold Corp. will not be and have not been
    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 registration or applicable exemption therefrom.





For further information:

For further information: Brent Nykoliation, Director of Business
Development, Ph: (416) 364-4986, bnykoliation@macdonaldmines.com; Kirk
McKinnon, President & CEO, Ph: (416) 364-4986, kmckinnon@macdonaldmines.com

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