Viking Gold Extends Warrant Term

TORONTO, Oct. 12, 2012 /CNW/ - Viking Gold Exploration Inc. (TSX-V: VGC), the "Company", is pleased to announce that the TSX Venture Exchange has consented to a six-month extension of certain of the Company's outstanding warrants as follows:

# of warrants:				3,750,000
Issue:				Private placement; November 2, 2010; 2-year term
Original expiry date:				November 2, 2012
New expiry date:				May 2, 2013
Exercise price:				$0.15

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: Viking Gold Exploration Inc.

Mark Edwards, CEO at [phone] or visit the Company's website at: www.vikinggold.ca.