Pilot Gold Reports On First 2012 Drill Holes At TV Tower

VANCOUVER - Pilot Gold Inc. (PLG - TSX) is pleased to report that the first two drill holes of the 2012 program at the Kucukdag (KCD) target at the TV Tower project in Turkey have returned long intervals of high grade gold, silver and copper. Highlighted is drill hole KCD-39, which returned 5.94 grams per tonne gold, 12.6 g/t silver and 0.53% copper over 137.1 metres, which extends the high-grade gold/silver/copper breccia zone in discovery hole KCD-02 over 50 metres to the south.

We are thrilled with the fact that this is the highest gram x metre gold interval ever drilled by our team on any of our projects over the years, stated Matt Lennox-King, President & CEO of Pilot Gold. These first holes drilled by Pilot Gold reinforce TV Tower as the premier exploration project in northwest Turkey.

These results mark the start of an aggressive exploration program consisting of 16,000 metres of diamond core drilling, property-wide airborne geophysics and ongoing surface mapping and geochemical sampling.

Nine thousand metres of drilling will be focused on the KCD target and is designed to infill and expand the mineralized footprint. Approximately 2,500 metres comprising 12 holes have been completed to date, with assays pending for 10 holes. A third drill was recently added to the project, with a fourth rig anticipated to arrive by the end of September. All drilling for the remainder of 2012 will focus on infill and step-out drilling in the KCD (northern) target area, followed by systematic testing of other high-priority targets in early 2013.

Past drilling at the KCD zone has returned some of the highest-grade gold, silver and copper drilling intervals in northwestern Turkey.