Pilot Gold Reports Highest Grade Intercept

VANCOUVER, BC - Pilot Gold Inc. reported that the 2013 program returned the highest-grade intercept in more than 1,300 holes drilled to date at the Kinsley Mountain project  8.53 g/t gold (Au) over 36.6 meters, including 29.43 g/t gold over 7.6 meters in HQ core drill hole PK091CA.

Assay results from the Western Flank target, located 550 meters northwest of the past-producing pits at Kinsley, also expand the area of high-grade gold mineralization and demonstrate the potential for Kinsley to host significant high-grade gold mineralization. Drill hole highlights include: 8.53 g/t Au over 36.6 meters in PK091CA, including 29.43 g/t Au over 7.6 meters; 15.6 g/t Au over 3.0 meters in PK083C; 2.21 g/t Au over 10.7 meters in PK073; 1.65 g/t Au over 24.4 meters in PK074; 2.51 g/t Au over 16.8 meters in PK102. Results released today mark a sea change for Kinsley, providing proof of concept that our technical teams model from Long Canyon is valid and applicable at our flagship Nevada property, stated Dr. Moira Smith, Chief Geologist, Pilot Gold.  Prior operators believed Kinsley mineralization was restricted to past-producing, northwest trending structural corridors and hosted primarily in the Candland Shale. However, today’s breakthrough drill results confirm that Kinsley’s gold mineralization is also controlled by north and north-northeast trending structures and hosted within a limestone and shale sequence beneath the Candland Shale. We believe these results support district-scale potential at Kinsley. Pilot Gold has drilled approximately 14,200 meters in 58 holes to date for its 2013 Kinsley program, with assays pending for 26 holes. Since August 30, 2013, when the U.S. Bureau of Land Management ("BLM") approved a Plan of Operations permitting exploration activities on the core group of claims at Kinsley Mountain, Pilot Gold has been drilling and constructing road access in three key areas, including the Western Flank, Candland Canyon and the Ken Jasperoid target. Drilling in 2013 at the Western Flank has identified significant oxide and sulfide gold mineralization along a corridor stretching approximately 500 meters in a north-south direction. Mineralization occurs in gently west-dipping, tabular zones up to 150 meters wide and hosted within the Cambrian Candland Shale, the main gold host within the original Kinsley Mine. Importantly, recent drilling has shown that significant gold also occurs within a lower zone of silty limestone below the Candland Shale. This host horizon was neither identified nor tested by previous operators. Recent core drilling suggests that the tabular zones of mineralized, favorable host rock are cut by one or more high-angle structures causing collapse breccias zones where the mineralization becomes thicker and higher-grade.