Linux Gold Corp.

Linux Gold Corp. Completes $608,250
Private Placement at $0.15 Per Unit

       VANCOUVER, BC, July 22, 2008, - Linux Gold Corp. (OTC BB: LNXGF) announced today that the Company has completed a private placement of common stock and warrants raising gross proceeds of $608,250. The Company issued 4,055,000 Units, consisting of one share of restricted common stock of Linux Gold Corp. and one warrant. Each warrant will enable the investor to purchase one additional share at an exercise price of US$0.20 per share for a period of one year from the date of closing.
       Funds raised are for exploration, accounts payable and working capital.
       Our current plans are to joint venture and explore our gold properties in Alaska. Linux Gold Corp. owns 284 State of Alaska mining claims at several locations near Granite Mountain on the eastern Seward Peninsula of Alaska. Linux Gold Corp. also owns a 50% interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska. Linux Gold Corp. optioned a 50% interest in the Fish Creek claims to Teryl Resources Corp. (TRC-V), retaining a 5% net smelter return or may convert into a 25% working interest. Linux has also staked mineral exploration claims covering 6,400 acres in the Livengood-Tolovana Mining District, in the State of Alaska.
       Linux Gold Corp. is looking forward to the joint venture drilling program, with Teryl Resources Corp., on the Fish Creek gold property in Fairbanks Gold mining district.
       For more information on Linux Gold contact John Robertson, President at 1-800-665-4616 or (604) 278-5996, Fax: (604) 278-3409. E-mail: info@linuxgoldcorp.com. Visit the web site at www.linuxgoldcorp.com.

Special Note Regarding Forward-Looking Statements-Certain statements in Gold Stock News Mining Stocks Updates constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: risks inherent in restrictions of foreign ownership; uncertainties relating to carrying on business in foreign countries; the Company's history of operating losses and uncertainty of future profitability, uncertainty of access to additional capital environmental liability claims and insurance; and dependence on joint venture partners. Certain forward-looking statements will be identified by a cross-reference to the Special Note. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. The Company cautions investors that any forward-looking statements made by the company are not guarantees of future performance, and that the actual results may differ materially from those in the forward-looking statements as a result of various factors, including but not limited to, the Company's ability to be able to continue its substantial projected growth, or be able to fully implement its business strategies, or that management will be able to successfully integrate the operations of its various acquisitions.