UrbanGold Minerals Inc. announced the completion of a helicopter-borne magnetic survey at its Kiyask property (the "Property") located approximately 15 kilometres northeast of the Urban-Barry mill operated by Bonterra Resources and adjacent to Osisko Mining claims where historical gold occurrences have been recorded. The 108 line-km survey was designed to cover the potential extensions of mineralized shears zones located approximately 1.5 kilometres to the west of where historical drilling has recorded 40 g/t gold over 3 metres and where 70.6 g/t gold in a grab sample was taken from another location. The geophysical survey will aid in identifying important underlying geological lithologies and structures as gold mineralization in the area is often associated with east-west trending shears within highly magnetic gabbros.