Visible Gold Mines

NEW YORK, NY (April 23, 2009)…..Crystal Research Associates, LLC announced today that it has issued an Executive Informational Overview® (EIO®) on Visible Gold Mines Inc. (VGD: TSX.V). The full 52-page report can be found at http://www.crystalra.com/ and http://www.visiblegoldmines.com/ .

Visible Gold Mines Inc. (“Visible Gold Mines” or “the Company”) is a mining exploration company focused on gold mineral prospects in the Abitibi greenstone belt of Québec, Canada. A greenstone belt is a zone of metamorphosed volcanic and sedimentary rock that can stretch several dozen to several thousand kilometers. The Abitibi greenstone belt is one of the world’s richest mining areas, with past production thought to have exceeded 170 million ounces (oz) of gold as well as considerable quantities of copper, zinc, and silver, among other metals.

Visible Gold Mines’ flagship property is its wholly owned Stadacona East gold prospect, which may host roughly 98,000 oz of gold according to calculations based on historical exploration of the property. To further delineate the potential gold mineralization at Stadacona East, Visible Gold Mines completed an 11-hole, nearly 11,000-meter drill program in February 2009. One of the primary factors fueling the Company’s decision to focus its resources on Stadacona East is the project’s location. Not only does the Company benefit from Québec’s stable mining laws, well-developed infrastructure, and friendly atmosphere toward mining, but the Stadacona East prospect is located near some of Canada’s most significant mines. The property is approximately 1 km south of the historic Horne deposit and 50 km west of the LaRonde Mine, which is believed to be Canada’s largest gold deposit. Moreover, areas of the Stadacona East prospect are part of the same shear/fault system as the orebody of the former Stadacona Gold Mine, which produced approximately 494,000 oz of gold while it was operational.

About Crystal Research Associates, LLC

Crystal Research Associates, LLC is an independent research firm that provides institutional-quality, fee-based research to small and mid-cap companies. Crystal Research Associates’ unique and novel product, the Executive Informational Overview® (EIO®), is free of investment ratings, target prices, and forward-looking financial models. The EIO® presents a crystal clear, detailed report on a company (public or private) in a manner that is easily understood by the Wall Street financial community. The EIO® details a company’s product/technology/service offerings, market size(s), key intellectual property, leadership, growth strategy, competition, risks, financial statements, key events, and other such fundamental information. Crystal Research Associates has offices in New York City, Delray Beach, Montréal, and Toronto. Crystal Research Associates has been compensated by the Company in cash of forty thousand U.S. dollars for its services in creating this report, for updates, and for printing costs.

Forward-Looking Safe Harbor Statement

Statements in this news release regarding future financial and operating results, potential applications of the Company’s technology, opportunities for the Company, and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “will,” “believes,” “plans,” “anticipates,” “expects,” “estimates,” and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements including, limited operating history, need for future capital, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company’s periodic reports, including forms filed with SEDAR.

These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. Crystal Research Associates assumes no obligation to update any of the forward-looking statements in this release.

Contact:
Jeffrey J. Kraws/Karen B. Goldfarb
Crystal Research Associates, LLC
P: (609) 306-2274, F: (609) 395-9339
jeff@crystalra.com/karen@crystalra.com