Visible Gold Mines Reprices Options



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    ROUYN-NORANDA, QC, Aug. 31 /CNW Telbec/ - Visible Gold Mines Inc. (VGD:
TSX Venture Exchange) wishes to announce that the directors' and officers'
stock options referred to in Visible Gold Mines' announcement on Aug. 24,
2007, have been repriced at $0.40. The options expire on the earlier of
Aug. 24, 2012, and the 30th day after each optionee ceases to be a director or
officer of Visible Gold Mines for any reason other than death, disability or
cause.

    About Visible Gold Mines Inc.

    Visible Gold Mines is a company focused on gold in the prolific Abitibi
Gold Belt in Quebec. The Company's portfolio of properties consists of
wholly-owned projects which will be managed by a team of geologists who have a
proven track record. Visible Gold Mines' modus operandi is to increase
shareholder value mainly by increasing its resources. A major portion of the
2007-2008 exploration budget will be invested on the company's flagship
Stadacona East Mine' property.

    Forward-looking Statements

    This news release contains certain forward-looking statements. These
forward-looking statements are subject to a variety of risks and uncertainties
beyond the ability Visible Gold Mines to control or predict, which could cause
actual events or results to differ materially from those anticipated in such
forward-looking statements, including risks disclosed in filings with the
Canadian securities regulators made by Visible Gold Mines. Accordingly,
readers should not place undue reliance on forward-looking statements.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.
    %SEDAR: 00025339E




For further information:

For further information: Martin Dallaire, President and CEO, (819)
762-0609, Fax: (819) 762-0097, mdallaire@visiblegoldmines.com,
www.visiblegoldmines.com

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Visible Gold Mines Inc.

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