Vancouver, British Columbia, April 13, 2007 ? Peak Gold Ltd. (PIK:TSX-V) (?Peak Gold? or ?the Company? ) is pleased to announce the following management appointments.

Mr. Basil Huxham will be appointed Executive Vice President and Chief Financial Officer of Peak Gold, effective April 16, 2007. Mr. Huxham is a Chartered Accountant and was formerly the Corporate Controller of Duke Energy?s Canadian operations, where he led the integration of the Canadian and US corporate financial accounting and reporting functions after Duke Energy acquired Westcoast Energy in 2001.  Mr. Huxham also held various finance roles at the Canadian Pacific Ltd. group.

Mrs. Mélanie Pilon was appointed Vice President, Investor Relations for Peak Gold, effective April 4, 2007.  Mrs. Pilon was formerly the Director of Investor Relations for Goldcorp Inc.

?We are very pleased that Mélanie Pilon and Basil Huxham have joined the senior management team,? said Peak Gold?s President and Chief Executive Officer, Julio Carvalho.

The Company also wishes to announce that it has granted options to purchase 500,000 common shares of Peak Gold to Mr. Huxham.  The options are exercisable at a price of $0.93 per share and are for a term of 5 years, expiring on April 13, 2012.

Peak Gold is a new intermediate gold producer with an active growth strategy for 2007.  For further information on the Company, please 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 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 www.sedar.com.  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, please contact:

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: info@peakgold.com
website: www.peakgold.com