Sullivan & Lucky Strike Zones Receive Notices Of Extension

VANCOUVER – P2 Gold Inc. has received the Notices of Extension for the Sullivan and Lucky Strike Zones from the Bureau of Land Management of Nevada to permit drilling at its wholly-owned, gold-copper Gabbs Project located on the Walker-Lane Trend in Nevada. A reverse circulation drill is being mobilized to site and drilling is expected to commence in mid-October.

A 4,500-meter drill program has been planned to expand and upgrade the Sullivan Zone Inferred Mineral Resources to the Indicated category.  The Sullivan Zone hosts approximately 60% of the Gabbs Project Mineral Resources.  Expansion drilling is targeting updip and downdip extensions of the Sullivan Zone and has the potential to increase gold grade.  The Sullivan Zone, which is the largest of the four zones identified to date on the property, remains open in all directions.

The Gabbs Project has an Indicated Mineral Resource of 0.72 million ounces of gold, 2.17 million ounces of silver and 297.0 million pounds of copper (49.8 million tonnes grading 0.45 g/t gold, 1.36 g/t silver and 0.27% copper) and an Inferred Mineral Resource of 1.28 million ounces of gold, 3.04 million ounces of silver and 567.1 million pounds of copper (112.2 million tonnes grading 0.35 g/t gold, 0.84 g/t silver and 0.23% copper).