New Results Extend Continuity Of High Grade Mineralization

VANCOUVER, BC - Pilot Gold Inc. reported that recent drilling focused on the northwestern portion of the 400-metre by 300-metre gold zone at the KCD target, TV Tower has returned 15.3 g/t gold over 45.2 metres in KCD-142, including an interval of 386 g/t gold over 1.5 metres.

The intercept in KCD-142 is located approximately 120 metres north of KCD-50. The high-grade interval in KCD-142 (386 g/t gold over 1.5 metres) is visually very similar to the high-grade interval in KCD-50, including the presence of visible gold in veins oriented nearly perpendicular to the core axis, suggesting that the intercept may represent approximately true thickness. The presence of this style and tenor of gold mineralization a significant distance from KCD-50, as well as other holes with high-grade intercepts along this trend, illustrates the excellent continuity of high-grade mineralization in this area.

Recent highlights include: 15.3 g/t gold over 45.2 metres in KCD-142, including 2.6 g/t gold over 56.5 metres in KCD-141, 1.5 g/t gold over 57.3 metres in KCD-143, 6.3 g/t gold over 9.0 metres in KCD-144, Holes KCD-141, KCD-143 and KCD-144 were fanned off a single site located 110 metres northwest of KCD-50 and were designed to infill a sparsely drilled area where the geological model predicted the presence of gold mineralization.  Additional drilling to the north of this area is planned to extend this zone.

The current phase of drilling, focused on areas to the north and west of the original discovery, confirms the presence of high-grade gold mineralization extending into sparsely drilled areas predicted to host gold based on our geological model, stated Dr. Moira Smith, Chief Geologist. These drill results will allow us to model high-grade gold in the upcoming resource estimate with greater confidence.

All true widths are 50-100% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing. All intervals are reported as weighted arithmetic averages and no cutting has been applied.