Peak Gold announces stock option grants

    VANCOUVER, March 20 /CNW/ - Peak Gold Ltd. (PIK:TSX-V) ("Peak
Gold")announced today that it has granted options to purchase an aggregate of
7,318,000 common shares of Peak Gold to certain officers and employees in
accordance with its stock option plan. The options are exercisable at a price
of $0.62 which was the last closing price on March 19, 2008. The options
granted are for a term of five years, expiring on March 20, 2013.

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

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:, Website:; Vanguard
Shareholder Solutions, 1205-1095 West Pender Street, Vancouver, British
Columbia, V6E 2M6, Telephone: (604) 608-0824, Toll Free: (866) 398-1088,

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