Vancouver, British Columbia, August 28, 2007 ? 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 that are incorporated by reference herein, except in accordance with applicable securities laws.

For further information, please contact:

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