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TORONTO, ONTARIO--(Marketwire - Jan. 4, 2010) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) today announced that on December 31, 2009 it closed a non-brokered flow-through private placement financing (the "Private Placement") for gross proceeds of $900,000. The proceeds of the financing will be used to fund the Company's ongoing exploration programs in the province of Manitoba.

The Private Placement was priced at $0.33 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each full share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.50 until December 31, 2011. The securities issued are subject to a four-month hold period expiring on April 30, 2010.

In connection with the Private Placement, MAK Allen & Day Capital Partners and Trinity Wood Capital Corporation received cash finder's fees in the amount of $49,000 and $7,000, respectively, and broker warrants in the amount of 70,000 and 10,000, respectively, exercisable into one common share of the Company at a price of $0.50 until December 31, 2011.

About Bison Gold

Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold exploration with property assets in Canada. Further details can be found on Bison Gold's website at [ www.bisongold.com ].

This news release contains forward-looking statements regarding the timing and content of upcoming programs and may be subject to regulatory approval. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.