Step Out Drilling Intersects 1.87 g/t Gold Over 48.0 Metres At Kucukdag 

VANCOUVER, BC - Pilot Gold Inc. reported that ongoing core drilling at the Kƒcƒkdag target ("Kƒcƒkdag"), at the TV Tower Project in northwest Turkey continues to intersect significant intervals of gold, silver and copper mineralization. Step out drill hole KCD-15 intersected strong gold mineralization over 48 metres, expanding the footprint of the Kƒcƒkdag mineralized system by 100 metres to the northeast.

Assay highlights from KCD-15 are as follows: Hole KCD-15 (located 100 metres northeast of KCD-02): 1.87 grams per tonne gold, 0.19% copper, and 7.26 g/t silver over 48.0 metres, starting at 128.9 metres, including: 13.83 g/t gold, 0.31% copper, and 25.29 g/t silver over 5.4 metres.

42.16 g/t silver over 11.0 metres, starting at 10.5 metres. Encouraging results were also returned from drill holes KCD-11 and KCD-14, with strong intervals of silver mineralization intersected in targets outside the main mineralized zone. Hole KCD-14 (located 125 metres east-northeast of KCD-02): 63.68 g/t silver over 5.5 metres, starting at 6.9 metres; 40.25 g/t silver over 6.1 metres, starting at 25.2 metres; 3.03 g/t gold, 0.27% copper, and 29.99 g/t silver over 3.7 metres, starting at 39.2 metres. Hole KCD-11 (located 450 metres northwest of KCD-02): 44.36 g/t silver over 11.8 metres, starting at 112.7 metres All true widths are 60-90% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing. The Kƒcƒkdag target is a high sulphidation gold system characterized by a 750 m x 100 m zone of strong silicification. Gold-silver-copper mineralization is related to multi-phase breccias hosted within a north-dipping sequence of silicified volcaniclastics. The geometry of this breccia development appears to be conformable with stratigraphy. These results are from an ongoing 15,000 metre diamond core drilling program at the TV Tower Project currently focused on the Kƒcƒkdag and Kayali targets, where phase 1 drilling in 2010 resulted in the discovery of two large gold-bearing mineralized systems. Five core drills are currently operating on the property, with 6,400 metres of drilling completed to date. At Kƒcƒkdag, a total of 2,600 metres have been drilled with results from four exploration holes currently pending. Phase 1 highlights include KCD-02 (4.28 g/t gold over 136.2 metres) at Kƒcƒkdag and KYD-01 (0.87 g/t gold over 114.0 metres) at Kayali. The Kƒcƒkdag target is the northernmost zone at the TV Tower Project. The Kayali target represents the southernmost zone, with Phase 2 drilling currently underway. In addition to Kƒcƒkdag and Kayali, six other highly prospective zones of surface alteration and gold mineralization have been identified at the TV Tower Project. Teck Madencilik Sanayi Ticaret A.S. ("TMST"), a Turkish subsidiary of Teck Resources Limited ("Teck"), is Pilot Gold's 60% partner and the project operator. The TV Tower Project is a large, road-accessible property covering more than 65 square-kilometres located in the Biga District of northwest Turkey. Since 2004, Pilot Gold's technical team has played an important role in establishing the prospectivity and gold endowment of the Biga District, following staking of the area by Teck. Eight high-conviction targets have been identified with widespread epithermal to porphyry characteristics typical of those seen at other deposits in the Biga District.