December 10, 2003

News Release: Vedron Gold Inc. and Northcott Gold Inc.: Initial Drilling Results on the Davidson Tisdale Property, Timmins, Ontario

Vedron Gold Inc., YVG-TSXV, and Northcott Gold Inc., YNO-TSXV are pleased to announce the drilling results for the first three holes from the drilling program that commenced mid November on the Davidson Tisdale Property owned by Northcott Gold Inc. Vedron Gold optioned the property on March 14, 2003 and can earn a 50% interest in the property by spending $5 million on exploration and development over 5 years.

The balance of drilling results from the current program, estimated to be five more holes of the 8 hole 1500 metre program, are to be released in early January. Drilling work is being performed on the main zone, a steeply dipping alteration zone that hosts relatively flat lying auriferous quartz vein systems 'QVS'. Previous work has established the presence of 5 significant QVS veins, situated at surface, 100 feet, 300 feet, 400 feet and 500 feet (surface, 30, 100, 130 and 170 metres).

Hole 310-03, 79 degree dip, 315 azimuth.

The hole intercepted the 400 vein of the main zone at a depth of 163.0 to 166.4 metres. This hole intercepted an untested portion the quartz vein system.

3.4 metres grading 341.1 grams per tonne including 1.2 metres grading 962.4 g/t or expressed in imperial units as: 11.2 feet grading 9.95 ounces per ton including 3.9 feet grading 28.07 ounces per ton

Hole 312-03, 62 degree dip, 150 azimuth.

Intercepted a new quartz vein system in the main zone at 67.3 to 70.8 metres

3.5 metres grading 29.9 grams per tonne including 1.0 metres grading 104.47 g/t or expressed in imperial units as: 11.5 feet grading 0.87 ounces per ton including 3.3 feet grading 3.047 ounces per ton

Hole 311-03, 70 degree dip, 315 azimuth.

Significant mineralization was intercepted at depths below the known quartz vein systems to test deeper targets, at 263 to 278 metres and 302 to 311 metres. Results were low, but geochemically anomalous. These intervals showed strong alteration and sulphide mineralization similar to that seen proximal to quartz vein systems in the upper levels of the mine system. This is a priority target for the next drilling program.

Nine holes, totaling 390 metres, were drilled in the Main Zone during September and the results were released on October 21, 2003.

All exploration work was conducted under Kenneth Guy, P. Geo., designated Qualified person for Vedron Gold.

Drilling is planned to commence again in January with another 1,500 metre drilling program.

Shares: 32,401,863

Vedron Gold Inc. Tom Meredith President (416) 368-0099 Website: www.vedron.com or Northcott Gold Inc. Cynthia Le Sueur-Aquin President (705) 788-9186

NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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