updated 11/23/2010 10:46:42 AM ET 2010-11-23T15:46:42

MONTREAL, Nov. 23, 2010 (GLOBE NEWSWIRE) -- Aultra Gold, Inc. (OTCBB:AGDI) is pleased to clarify its status as a public company for current and future shareholders.  Operating internationally as Shamika 2 Gold, Inc., Aultra Gold, Inc. trades under the symbol AGDI.OB and currently has 50 million shares outstanding.

Aultra Gold, Inc. is 51% owned by Shamika Resources, Inc., a private company domiciled in Canada.  Shamika Resources, Inc. has extensive holdings of mineral resources, including gold in the Democratic Republic of the Congo. Shamika's strategy is to leverage the public market for the funding of its holdings, of which Aultra Gold, Inc. is the first of a number of planned spin-offs.

Aultra Gold, Inc. has significant holdings in the Kilo Moto Greenstone Belt, where over thirty international mining companies have begun exploration and development. The company has property that is surrounded by Kilo Goldmines, and is near projects now controlled by Rangold Resources, Ltd. Rangold and AngloGold-Ashanti announced their interest in the area in October of 2009. 

Robert Vivian, chief executive officer of Shamika 2 Gold, Inc. and founder of Shamika Resources, Inc., stated, "We are pleased to report that Aultra Gold, Inc. has applied for a name change to Shamika 2 Gold, Inc., which we will announce once we receive approval from the regulatory agencies. Our symbol will remain the same once the name change has occurred."

"Through the development of current projects in the DRC, the company is well positioned for organic growth," added Vivian. "However, our ambition is to expand internationally through acquisitions. Currently the Company has 50,000,000 shares outstanding.   Our strategy is to access the capital markets as we continue to build shareholder value." 

About Aultra Gold, Inc., Shamika Resources, Inc:

Aultra Gold Inc. is an international junior gold company with significant holdings the Kilo Moto Greenbelt in the DRC. Over $300,000,000 of exploration, development and production capital has been allocated to the Kilo Moto Greenbelt in the last three years. Aultra Gold, Inc. is actively investigating potential projects in the DRC and around the world.

Shamika Resources, Inc. is a private company that holds significant properties in the Democratic Republic of the Congo. Shamika Resources, Inc. is engaged in the acquisition of mineral reserves in Africa.  The corporate strategy is to develop a portfolio of mineral companies, unlocking value for shareholders, and opening up multinational access to the capital markets. 

Forward-Looking Statements

This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Aultra Gold, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.

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