Pershing Gold Advancing Towards Production at Relief Canyon

LAKEWOOD, CO - Pershing Gold Corporation reported its plans to drill a new target and its significant progress toward re-opening the Relief Canyon Mine, its plans to expand the Relief Canyon Mine in 2015, its ongoing development drilling to continue to expand the Relief Canyon resource, and its efforts to identify and develop new exploration targets in the Company's 25,000 acre land package.

"In this progress report on our 2014 program, we first announce the filing with the Bureau of Land Management (BLM) of our Notice of Intent to drill a new silver rich gold target approximately two miles north of our Relief Canyon Mine area," said Stephen D. Alfers, President, CEO and Executive Chairman. "Second, we report our progress in meeting significant metallurgical, permitting, geological and engineering milestones on our way to reopening the Relief Canyon Mine."