Pilot Gold Increases Exploration Program

VANCOUVER, BC - "We continued executing on our goals through the first quarter, surpassing key milestones at Kinsley and TV Tower," stated Matt Lennox-King, President and CEO of Pilot Gold. "Our high grade discovery at Kinsley is one of the most compelling developments in Nevada in recent years, and our initial resource and porphyry discoveries at TV Tower continue to grow what is Turkey's most prolific new gold district. With the addition of Ken Engquist, VP Project Development and Engineering to our team, we are well positioned and funded to deliver significant value in Nevada and Turkey over the months ahead."

Kinsley Mountain is a Carlin-style, sedimentary rock-hosted gold system and past-producer located along the Long Canyon Trend in northeastern Nevada. Results at Kinsley to date confirm the presence of multiple stratigraphic horizons hosting mineralization in NNE-SSW and possible NW-SE orientations along the property's Western Flank zone, including the discovery of high grade gold in the Secret Canyon Shale, a newly identified stratigraphic host horizon beneath the previously exploited Candland Shale. The Candland Shale is the main host for mineralization at the historical Kinsley Mine.

The Western Flank zone continues to grow, with multiple high grade gold intercepts returned to date. The zone remains open in all directions, suggesting credible district potential. We have significantly increased the 2014 exploration program by $1.57 million and 8,600 additional meters of drilling. Accordingly, our amended 2014 exploration program includes 25,600 meters of core and reverse circulation (RC) drilling and a budget of $6.04 million (Pilot Gold’s share of which is $4.80 million). Through March 31, 2013 the Company completed 4,230 meters of core and RC drilling and incurred approximately $1.36 million in expenditures at Kinsley (year ended December 31, 2013: $3.85 million).

Activity at Kinsley during the first quarter also included geological mapping and construction of drill roads and pads to access areas between the Western Flank and the Right Spot and Secret Spot target areas. Pilot Gold's share of expenditures in the three months ended March 31, 2014, included: drilling and assaying ($0.88 million), salaries ($0.15 million) and road construction ($0.12 million).

Drilling resumed on May 7, 2014 with one core drill and two RC drills.

Upon receipt of an amendment to the Plan of Operations (PoO), Pilot Gold expects to begin an active program on the northern claim blocks, which have never been drilled, and may seek to increase the 2014 budget further.

Pilot Gold holds approximately 79% of Kinsley. A subsidiary of Nevada Sunrise Gold Corporation holds the remaining 21% interest in the property. The Company and its partner are each obligated to fund their pro rata share of activity on the property.