Peak Gold enters into an investor relations agreement with Vanguard Shareholder Solutions



    VANCOUVER, Aug. 28 /CNW/ - Peak Gold Ltd. (PIK:TSX-V) ("Peak Gold") is
pleased to announce that it has entered into an investor relations agreement
(the "IR Agreement") with Vanguard Shareholder Solutions Inc. ("Vanguard").
Vanguard was founded in 2001 by Mr. Paul Lathigee, President of Vanguard, and
has offices located at Suite 1205, 1095 West Pender Street, Vancouver, BC,
Canada. Vanguard is not related to Peak Gold, does not have any direct or
indirect material interest in Peak Gold or its securities, other than the
stock options as described below, and does not have any right or intention to
acquire any such interest.
    Vanguard is an investor relations company and will provide a variety of
promotional and investor relations services to Peak Gold, including assisting
with the dissemination of news and information to the public and initiating
and maintaining contact with brokers.
    The initial term of the IR Agreement is six months. Peak Gold will pay
Vanguard a fee of $12,500 per month, payable on the first business day of each
month. Peak Gold has also granted Vanguard 400,000 stock options that are
exercisable at a price of $0.65 per share, subject to a twelve month vesting
schedule, until the earlier of three years from the date of grant and 30 days
following termination of Vanguard's services. Peak Gold will also reimburse
Vanguard for its reasonable expenses incurred in connection with its services
under the IR Agreement.

    Peak Gold is a new intermediate gold producer with a strong foundation
for growth. With a solid approach to acquisition and a commitment to value,
Peak Gold's goal is to significantly increase production by 2008. To learn
more about us, 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",
"does not anticipate", "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would",
"might", "will", "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 "Risk Factors" in Peak Gold's Filing Statement dated
April 2, 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, Fax: (604) 696-4110, e-mail:
info@peakgold.com, website: www.peakgold.com

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