Avalon Gold Listed on Berlin Stock Exchange

BELLINGHAM, Wash., March 24, 2004 (PRIMEZONE) -- Avalon Gold Corporation (OTCBB:AVGC) reports that the Company is now listed on the Berlin Stock Exchange under the equity symbol UAM with the ISIN Code/German Cusip Number US05343E1047/358102.

Berliner Freiverkehr (Aktien) AG, one of Germany's largest brokerage firms and market makers for the Unofficial Regulated Markets in Berlin and Frankfurt will act as the Company's market maker.

Berliner Freiverkehr (Aktien) AG has dual-listed over 6,800 foreign equities in Berlin and 350 in Frankfurt. Trading volume in 2003 pertaining to the OTC market in Berlin was 11.8 Billion Euro Dollars.

"Having Avalon Gold listed in Berlin will enable German investors, large and small, to buy shares in the Company in domestic currency, making the transactions easier and less expensive to the investor," states Avalon Gold President, Robert Waters.

Avalon Gold Corporation is an aggressive gold mining company focused on finding, exploring and developing exceptional gold properties internationally.

/s/ Robert Waters ---------------------- Robert Waters, President

For further information contact Joseph Beyrouti at: 1-888-488-6882 Visit our web site at www.avalongold.ws.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Avalon's filings with the Securities & Exchange Commission.



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