Work Program Planned For Kinsley Mountain

VANCOUVER - Pilot Gold earned a 65% interest in Kinsley Mountain in February 2013. Kinsley is a Carlin-style, sediment hosted project and past producer located in Elko County, Nevada. The 2013 work program included 22,000 metres of drilling, stepping out from the historic pits to test priority exploration targets on flanking and outlying targets. The program will start upon receipt of a Plan of Operations permit, currently anticipated to be July 2013. A subsidiary of Nevada Sunrise Gold Corporation holds the remaining 35% interest.

In January 2013, Pilot Gold announced that it had closed a definitive purchase agreement to sell 100% of its Regent exploration property in Nevada to Rawhide Mining LLC (RMC) for $3 million in cash. Pilot Gold also retains a net profits royalty of 15% on the property and is entitled to a sliding scale gold equivalent bonus payment, each of which is payable in certain circumstances should RMC achieve production at the property.