Strong Silver Results In Step-Out Drilling At KCD Target

VANCOUVER, BC - Pilot Gold Inc. reported that KCD drilling focused on extensions to the silver zone and the new upper oxide gold zone to the north continue to yield strong results and expand the area of silver and gold mineralization.

Silver results include 112.5 g/t silver (Ag) over 70.5 meters in KCD-169R and 47.8 g/t Ag over 75.3 meters in KCD-168, expanding the area of KCD silver mineralization to approximately 600 meters by 650 meters. KCD-169R bottomed out at 143.8 g/t Ag over 25.5 meters, and then was abandoned due to poor ground conditions.

KCD-169R also returned 0.56 g/t gold (Au) over 10.5 meters and 1.15 g/t Au over 7.5 meters, both within a 24.5-meter interval. The results extend newly discovered oxide gold mineralization exposed in surface outcrops at the top of KCD ridge down dip over 200 meters to the northeast1. Both the oxide/sulfide silver zone and the oxide gold zone remain open for expansion to the north.

Silver Zone step-out highlights: 112.5 g/t Ag over 70.5 meters in KCD-169R, including 143.8 g/t Ag over 25.5 meters; 47.8 g/t Ag over 75.3 meters in KCD-168, including 158.4 g/t Ag over 13.5 meters. Upper Gold Oxide Zone highlights: 0.56 g/t Au, 7.9 g/t Ag over 10.5 meters in KCD-169R, and 1.15 g/t Au, 24.4 g/t Ag over 7.5 meters.

"As the 2013 KCD drilling program winds down and we move into the modeling phase, we are encouraged to see continued strong silver results, a new oxide gold discovery and mineralization extending to the edge of permitted drilling in multiple directions," said Matt Lennox-King, President and CEO. "Silver results in KCD-168 and KCD-169R suggest a zone of elevated silver borders the northeast margin of the silver zone, which we look forward to drill-testing in upcoming programs."

Two additional holes in the new oxide gold zone will test for gold mineralization and strong silver mineralization down-dip up to 130 meters to the northwest. The zone is open down-dip to the north and along strike to the west. The Company plans additional step-out drilling at KCD to test the gold and silver zones.

Pilot Gold is advancing KCD towards initial resource definition while continuing to develop the district-scale potential across the TV Tower property by defining and testing additional high quality targets. Drilling is in progress at the oxide gold Kayali target and the KCD drill will be mobilized to the Karaayi tenure, which is on-strike with Kayali. Pilot Gold plans to complete 2,000 meters at the Kayali and Karaayi targets through the fall.