Permitting Successes At Kinsley Mountain

VANCOUVER, BC - Pilot Gold Inc. reported financial and operating results for the nine-months ended September 30, 2014, and to provide an update on exploration activities at TV Tower and Kinsley Mountain.

"The third quarter for Pilot Gold was highlighted by new porphyry discoveries at TV Tower In Northwestern Turkey, drill and permitting successes at Kinsley Mountain, in Elko County, Nevada and the strategic, acquisition of Cadillac Mining," said Matt Lennox-King, President and CEO of Pilot Gold. "Q4 is shaping up to be as important as we complete our 60% earn-in at TV Tower, press ahead at Kinsley Mountain and finalize a new economic study at Halilaga also in Turkey."

Kinsley Mountain is a Carlin-style, sedimentary rock-hosted gold system and past-producer located along the Long Canyon Trend in northeastern Nevada. Discoveries at Kinsley continue to reinforce the district-scale potential of the property.

Paving the way for an expanded program on the property, the Company received approval of a 20 acre amendment to the existing Plan of Operations on October 28, 2014. With the amendment there are 80 acres of exploration permitted on the property, covering the 12 km-long Kinsley range. Drilling is currently underway with one core and one RC drill rig focused on infill and exploration drilling.

Through September 30, 2014 the Company had completed 11,270 meters of core and 11,120 meters of reverse circulation drilling as part of the $6.46 million, 2014 drill program. Through the final three months of the year, the company anticipates completing an additional 4,000 m of drilling. The company also expects to continue with preliminary metallurgical analyses in order to refine the 2015 exploration plan.

Pilot Gold holds approximately 79% of Kinsley. A subsidiary of Nevada Sunrise Gold Corporation holds the remaining 21% interest in the property. The Company and its partner are each obligated to fund their pro rata share of activity on the property to avoid dilution of the percentage interest held.