NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: VEDRON GOLD INC. SHARES: 25,351,863 TSX VENTURE SYMBOL: YVG OCTOBER 21, 2002 - 09:15 EDT Vedron Gold Inc.: Placer Dome Commences Follow-up Drilling TORONTO, ONTARIO-- Timmins Gold Camp, Timmins, Ontario Vedron Gold Inc. is pleased to announce Placer Dome (CLA) Limited has commenced follow-up drilling on the Buffalo Ankerite property, on which Vedron holds a gold production royalty in the form of a Net Smelter Royalty. The Buffalo Ankerite Property is located directly south of the Fuller Deposit property where Vedron established a 700,000 ounce gold resource during 1996-1998. During April and May of this year Placer completed 23 drill holes on the Buffalo Ankerite property where nearly one million gold ounces were produced from 1926-1974. Placer plans to complete about 25 more drill holes in the current phase of program to confirm the presence of a potentially economic gold zone. The Vedron Fuller Deposit property and the Buffalo Ankerite property are adjacent to the Dome Mine operation, now part of the Porcupine Joint Venture with Kinross Gold, where Placer Dome produces in excess of 300,000 gold ounces per year. Vedron Gold holds the Fuller Deposit property subject to Placer earning their option to acquire the Fuller Deposit property and then making an acquisition payment plus production royalty payments. Vedron holds a 2% NSR on the Buffalo Ankerite property. Vedron recently announced the acquisition a production royalty on the Zenda Mine project in Kern County, California. Vedron Gold is continuing to review further possible royalty purchases. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Vedron Gold Inc. Tom Meredith (416) 368-0099 Web Site: www.vedron.com The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release. .