Peak Gold announces completion of acquisition of Peak Mine

    TSX Venture Exchange: PIK

    VANCOUVER, April 27 /CNW/ - Peak Gold Ltd. (PIK:TSX-V) ("Peak Gold") is
pleased to announce that it has completed the previously announced acquisition
from Goldcorp Inc. of its Peak mine in Australia for a purchase price of
US$200 million in cash.

    Peak Gold is a new intermediate gold producer with an active growth
strategy for 2007. For further information on Peak Gold, please visit our
website at

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

    Cautionary Note Regarding Forward Looking Statements

    This press release contains "forward-looking statements", within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities legislation, concerning the business,
operations and financial performance and condition of Peak Gold.
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, such as
those factors discussed in the section entitled "Risk Factors" in Peak Gold's
Filing Statement dated April 2, 2007, available at Although
Peak Gold has attempted to identify important factors that could 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. Peak Gold does not undertake to update any forward-looking
statements that are incorporated by reference herein, except in accordance
with applicable securities laws.

For further information:

For further information: Mélanie Pilon, Vice President, Investor
Relations, Peak Gold Ltd., 3400-666 Burrard Street, Vancouver, British
Columbia, V6C 2X8, Telephone: (604) 696-4100, Fax: (604) 696-4110, e-mail:, website:

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