Significant Milestones Achieved At Projects

VANCOUVER - Pilot Gold Inc. reported company highlights for the year ended December 31, 2012, a year marked by significant advances on each of its key projects in Turkey and Nevada. 2012 highlights and significant events subsequent to year end include: Signed an earn-in and joint venture agreement with Teck Resources Limited to become project operator at the TV Tower property in Turkey, while earning in to 60% interest; Identified large, growing gold and silver zones at the KCD target, TV Tower; Announced results of a preliminary economic assessment and a maiden resource estimate for the Halilaga copper-gold project in northwest Turkey; Earned-in to a 65% interest in, and doubled property size at, the Kinsley Mountain project in Elko County, Nevada; Sold the Regent exploration property for $3 million, retaining exposure to potential future production, and Secured capital to ensure 2013 exploration plans are fully funded.

Pilot Gold realized significant exploration and project success in 2012, stated Matt Lennox-King, Pilot Gold President & CEO.  We are in an excellent position heading into 2013, with the financial strength and the proven skills and experience we require to drive progress at our properties in Turkey and Nevada and achieve our vision of being the leading exploration company in our chosen jurisdictions.  TV Tower:

Pilot Gold earned a 65% interest in Kinsley Mountain in February 2013. The 2012 program included 11,868 metres of infill and step-out core and reverse circulation (RC) drilling in 63 holes, and was designed to define and expand the mineralized zones identified by previous operators. In conjunction with drilling, a comprehensive property-wide soil and rock sampling and geological mapping effort to identify new targets was completed, encompassing both the original 272 claims and 191 claims staked by the Company in largely unexplored areas. Staking by the Company expanded the Kinsley property, consolidated access to the main mineralized trends to the North, and joined two previously separate claim blocks, creating a contiguous property. The 2013 Kinsley work program includes 22,000 metres of core and RC drilling stepping out from the historic pits, and to test priority exploration targets on flanking and outlying targets. Nevada Sunrise Gold Corporation holds a 35% interest in Kinsley and will be responsible for its pro-rata share of costs for this year's program.