Pilot Gold Reports 4.6 Metres of 9.5 g/t Oxide Gold at Kinsley Mountain

VANCOUVER, BC - Pilot Gold reported the results of the six remaining holes in its 2012 drilling program at the Kinsley Mountain Project in Nevada. These holes were focused on the western side of Kinsley Mountain and targeted a recently-discovered north-south-trending zone of gold mineralization located more than 600 metres from the historic workings.

"We believe that these results continue to validate the ''Long Canyon'' model developed by our technical team that predicted the presence of north- to northeast-trending mineralized zones extending from the historic, northwest-trending series of open pits," stated Matt Lennox-King, President and CEO. "We intend to follow up on these higher-grade structures with a regional exploration strategy to drill test evidence of mineralization."

Western Flank of Kinsley Range: This growing zone, located approximately 600 metres northwest of the nearest historic pit, measures at least 600 metres long by 100 metres wide, and is characterized by two stacked lenses of mineralization that remain open in all directions. New RC drilling up to 150 metres north of hole PK061 (6.03 g/t gold over 13.7 metres) returned: 9.50 g/t gold over 4.6 metres in hole PK067 including 20.5 g/t gold over 1.5 metres; 2.48 g/t gold over 6.1 metres in hole PK066.

All true widths are believed to represent 30-100% of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing.

Over the course of the 2012 program, 12,000 metres of infill and step-out core & RC drilling were completed to define and expand the mineralized zones identified by previous operators. In conjunction with drilling, a comprehensive regional effort to identify new targets was completed, encompassing both the original 141 claims, as well as 128 claims staked by Pilot Gold to the north in a largely unexplored area. Through this work, a new mineralized zone was intersected in drilling (Candland Canyon) and the Western Flank Zone has been expanded to now cover an area 600 metres by 100 metres.

A three-dimensional model of geology and mineralization was created in order to aid in the selection of new, high-grade drill targets. Surface soil and rock samples show anomalous pathfinder geochemistry extending seven kilometres to the north of the historic open pits, consistent with the presence of a large mineralized system.

In September Pilot Gold staked 41 unpatented lode mining claims on BLM administered land over highly prospective land held prior to that date by another company. The claims were filed with the BLM and Elko County, Nevada. 36 of the claims are located between two previously separate claim blocks at Kinsley, creating a contiguous property and consolidating access to the main mineralized trends to the North. The additional ground brings the total to 332 claims. Mapping, rock and soil sampling are all underway on the newly added ground.