Drilling Shows Continuity Of High Grade Gold Extending Over 100 metres

VANCOUVER, BC - Pilot Gold Inc. reported that infill drilling from holes to the southeast and down-dip to the northeast of KCD-50 returned significant intervals of high-grade gold, including one interval containing visible gold.

Drill highlights include: 6.59 g/t gold (Au) over 34.2 metres in KCD-80, including: 42.0 g/t Au over 3.7 metres; and 9.58 g/t Au over 4.5 metre 2.83 g/t Au over 32.0 metres in KCD-85, including 7.20 g/t Au over 10.6 metres 7.08 g/t Au over 17.0 metres in KCD-72, including 86.0 g/t Au over 1.3 metres. Infill drilling is necessary to demonstrate continuity of high-grade zones of gold mineralization, and we are pleased that these results confirm continuity and extend it, said Matt Lennox-King, President and CEO.

Core holes KCD-80, KCD-83 and KCD-85 were fanned from a single drill pad located approximately 25 metres southeast of KCD-50, which returned 12.0 metres averaging 193 g/t gold. The results suggest that a zone of high gold grades extends continuously from KCD-50 southeast to join strong intercepts such as KCD-39 (5.94 g/t Au over 137.1 metres) over a total distance of more than 100 metres.

The intercept from KCD-72 contains visible gold. The hole was drilled from the same pad as KCD-50, and extends high-grade gold mineralization down-dip approximately 25 metres to the northeast.

The drill results form part of an aggressive first-year exploration program consisting of 16,000 metres of diamond core drilling, property-wide airborne magnetic/EM geophysics and ongoing surface mapping and geochemical sampling.

Approximately 12,180 metres in 61 holes at KCD have been completed, with assays pending for 20 holes. Drilling in the near-term will continue to focus on infill and step-out drilling in the KCD target area, followed by systematic testing of other high-priority targets throughout 2013.

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. For a comprehensive table of results related to gold mineralization.

TV Tower is a joint venture between Pilot Gold (40%) and Teck Madencilik Sanayi Ticaret A.S. (60%), a Turkish subsidiary of Teck Resources Limited (Teck). Pilot Gold is project operator at TV Tower and can increase its interest in the project to 60%, through sole funding of exploration over a three-year period.

Located on the Biga Peninsula of northwest Turkey, TV Tower encompasses 71 square kilometres. It contains a large number of targets ranging from high- and low-sulphidation epithermal gold-silver to porphyry gold-copper. The project has an extensive road network and targets to date all lie on land administered by Turkey's Ministry of Forestry. It is located immediately west of the Kirazli gold project (Alamos Gold) and approximately 10 kilometres northwest of the Halilaga copper-gold project (Teck/Pilot Gold).

First-pass drilling in 2010 resulted in new discoveries at the KCD and Kayali targets. Surface exploration by Pilot Gold continues to uncover robust new targets, including the bonanza-grade Columbaz low sulphidation epithermal vein system that returned 39 g/t gold and 290 g/t silver in recent rock chip sampling.

TV Tower is an early stage exploration project and does not contain any mineral resource estimates as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).