Arctic Oil and Gas Corp. Completes Name Change to Placer Gold Corp.

Arctic Oil and Gas Corp. said today that it has changed its name to Placer Gold Corp. and has requested a new cusip number and trading symbol from the NASD. The name change reflects the company’s current and future strategy to develop its alluvial gold resources.

Management, along with the company’s joint-venture partners, will meet with a number of investment bankers in Zurich later this week who have expressed strong interest in funding the company’s Norton Sound and Onshore Nome Placer Gold Projects.

CEO Peter Sterling commented, “In light of the encouraging drill sample results combined with the increasing market demand for gold, our company is increasingly well-positioned to move forward with its plans of becoming a profitable gold producer over the near term. We executed this name change to ensure that our shareholders and partners know that we are fully committed to developing our gold resources.”