Titan Project Update - Historical Reserves Estimates - Assays on 395 Metres from Two Additional Drill Holes

Trading Symbol: RGZ.V 

TORONTO, Aug. 2 /CNW/ - Randsburg International Gold Corporation      
(TSX-V: RGZ) announced today further information about the historical reserves
estimates reported in its news release of July 21, 2005 and previous releases.
The Company is also reporting on 395 metres of drill intersections of iron,
titanium and vanadium from drill holes number four (RA-04-05) and five      
(RA-05-05) during Phase 2 of a Stage 2 drill program at its 100%-owned Titan
Project. The Titan Project is an advanced exploration project located in Flett
and Angus Townships, Ontario.
The Titan Project comprises 2150 contiguous hectares (5370 acres) of     
8 claims (123 units) and 17 patents. Flett and Angus Townships are located  
120 kilometres northeast of Sudbury, Ontario and 50 kilometres north of the
City of North Bay.

Historical Reserves Estimates

Titan Iron Mines Ltd. reported iron-titanium reserves of 141 million tons
from previous drilling, trenching, geology and geophysics in the 1940's,
1950's and 1960's in this area.
A. S. Bayne, P. Eng. (1967) submitted the "Report on Potential
Feasibility of Titan Iron Mines Limited, Angus and Flett Townships, Ontario."
In this report, Bayne estimated that the iron-titanium deposit contained an
indicated and inferred 141,000,000 tons of reserves grading 35.58% iron and
15.64% titanium within an area of 1,400 by 900 feet and to a depth of      
1000 feet. The report is part of Randsburg's files on the Titan deposit. The
estimate is based upon:

-   The drill logs and assays for iron and titanium from 1,795 feet of
    diamond drilling in 11 holes completed in 1947. Drilling was confined
    to an area in the northwest portion of the mineralized body. The
    drill logs and assays are in Randsburg's files. Assaying was done at
    Swastika Laboratories.
-   119 samples assayed for iron and titanium from 2,100 feet of
    trenching completed during the 1940's. The extensive trenching was
    completed over that part of the mineralized body located above
    low-lying, wet areas. Assay certificates from Timiskaming Assay Labs
    are in Randsburg's files.
-   Personnel of the Ontario Department of Mines carried out additional
    sampling and assaying. The results from this work are comparable to
    those of Titan Iron Mines as discussed above. This information is in
    Randsburg's files.
-   Vertical interpolations using the areas within the 10,000, 10,500
    and 11,000 gamma contours from a Lockwood Survey Corporation Limited
    airborne survey flown in 1966. The survey map is in Randsburg's
    files.

The Company believes that the above information lends credence to the
reported historical tonnage for the Titan deposit.
Randsburg has found, as reported in previous news releases, that there is
a consistency of grade within the deposit. To date, the longest vertical
intersection of continuous mineralization is from diamond drill hole RA-04-06
completed to 387 metres (1270 feet) in 2004, with the hole ending in
mineralization.
This reserve figure was calculated prior to the implementation of       
NI 43-101 standard. The categorization of reserves at that time would be
equivalent today to a mineral resource under current 43-101 standards as
defined by the Canadian Institute of Mining, Definition Standards On Mineral
Resources and Mineral Reserves adopted November 14, 2004.
The Company is not relying on these reserve figures as 43-101 defined
resources or reserves verified by a Qualified Person and investors are
cautioned that recent independent verification of the reserve data has not
been performed and Randsburg has not completed sufficient exploration on this
part of the property to verify the classification of the historical figures as
a resource or reserve.

Current Drilling Program and New Drill Hole Results

The Company is drilling a minimum of 5000 metres at 20 to 25 locations.
The majority of the holes are planned to be on a grid pattern at approximately
50 metre intervals in conjunction with previously drilled holes, including the
area of the historical reserve previously reported.

The objectives of the second phase of the Stage 2 drill program, which
commenced during May, 2005, are:

-   To further define the area and volume of mineralization at Titan.

-   To test the nature of the footwall contact along the northern margins
    of the iron-titanium-vanadium mineral deposit for platinum-palladium-
    gold. The drill holes of the current program contain anomalous values
    of platinum and palladium.

In order to meet the objectives of the program, drilling is focusing on
three areas:

1.  Infill drilling of the general area that was drilled in 2004. Seven
holes were drilled on the main area of the Titan project in 2004 and were
spaced as far as 300 metres apart.

2. Drilling of the area where the historical reserves estimates were
originally obtained. This area lies to the west of the drilling conducted
in 2004.

3. Drilling across the footwall contact and stepping out towards the
southeast.

If the drill program is successful, the Company will, if warranted,
define a resource estimate.
The two drill holes being reported today are vertical, and each is
approximately 200 metres in length. Samples were collected at 2 metre
intervals. The holes are mineralized throughout.
Hole RA-04-05 is located 160 metres west of hole RA-01-05. The bottom   
42 metres of the hole assayed markedly greater than average assays for the
entire hole. The hole will be deepened as it ended in significant iron,
titanium and vanadium mineralization.
RA-05-05 is located 47 metres to the east of RA-01-05, near the shore of
Cribbage Lake. As in hole RA-04-05, there is a marked increase in grade at
depth.

The following table is a summary of assay results:

<<
Drill Hole    Intersection  Thickness  Fe(2)O(3)%   TiO(2)%    V%
              (metres)      (metres)   (iron oxide) (titanium  (vanadium)
                                                    dioxide)
-------------------------------------------------------------------------
RA-04-05      2.0 to 202    200        36.85        11.34       0.158
--------
UTM: 614840E, 5190250N      Range      20.56-61.26  4.6-20.7    0.06-0.33
     -----------------
Including     162-202       40         47.96        15.6        0.23

-------------------------------------------------------------------------

RA-05-05      5.0 to 200    195        39.1         11.42       0.19
--------
UTM: 615047E, 5190225N      Range      19.4-60.0    3.74-18.15  0.05-0.32
     -----------------
Including     139-200       61         43.8         14.7        0.24

-------------------------------------------------------------------------
-------------------------------------------------------------------------

The body of iron-titanium mineralization runs from the northwest and is
believed to plunge to the south-east.
Core samples from additional drill holes are at ALS Chemex for assay.
Results will be released when available.
The Titan Project is being conducted under the supervision of Ken
Germundson, Ph.D, Professional Geoscientist, the Company's Qualified Person
under the meaning of National Instrument 43-101. The drill logs, cores and
assay results have been reviewed and verified by Dr. Germundson. Dr.
Germundson has reviewed and approved the contents of this news release.

Randsburg International Gold Corporation is a Canadian exploration
company listed on the TSX Venture Exchange (Symbol TSX-V:RGZ). The Company is
engaged in exploration for base metals, platinum group metals (PGMs), gold and
diamonds in Canada, Nevada and Brazil. The Company has five active exploration
projects:

1.  Titan Project (iron-titanium-vanadium) in Northern Ontario - 100%
    owned
2.  Victory Strike diamond project in Brazil - 85% owned
3.  Elephant Gold and Silver Joint Venture Project, Nevada
4.  Flett Project (nickel-copper-cobalt-platinum group metals) in
    Northern Ontario - 100% owned
5.  McClintock Project (nickel-copper-cobalt-platinum group metals) in
    Northern Ontario - 100% owned

To find out more about Randsburg International Gold Corp. (TSX-V: RGZ),
visit our website at www.randsburgdiamonds.com.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all
statements in this news release - including, without limitation, statements
regarding forecasts, plans and objectives of Randsburg International Gold
Corp. - are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from those
anticipated in such statements.

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