PICKLE

PC Gold reported that results have been received for the completion of deep wedge hole PC-08-014AW03 at the Pickle Crow Property, which has cut multiple high grade veins. Highlights include 112.15 g/t gold over 1.15m in the No. 5 Vein and 38.77 g/t gold over 0.30m in the No. 11 Vein. A fourth wedge hole PC-09-014AW04, presently at about 1,180 metres downhole, is targeting the No. 5 Banded Iron Formation (BIF) Zone southwest of the lowest level (3,800 feet/1,160 metres) of Shaft 1. The hole is now coring through the target and results are pending.

PC Gold Inc. announce the discovery of a major new gold zone in the heart of the Albany Shaft portion of the Pickle Crow Gold Mine Property, Ontario, Canada. This entirely new discovery, termed the Conduit Zone (“CZ”), carries consistently good grades over robust widths, displays impressive continuity, and remains open for expansion down-plunge to the north, where drilling is continuing. Drilling is expected to be ongoing throughout the Fall on the CZ, subject to ground conditions. Select highlights include from Hole PC-09-036 3.17 g/t over 35.6 metres including 15.25 g/t over 6.1 metres; Hole PC-09-037 returned 2.11 g/t over 40.5 metres including 5.55 g/t over 11.0 metres; and Hole PC-09-028 returned 1.42 g/t over 32.4 metres, including 6.40 g/t over 4.1 metres.

PC Gold announced that the objectives of its exploration work program include: (1) confirmation of historical drilling results; (2) drilling to test for lateral and depth extensions of known zones of mineralization; (3) drilling to test for new discoveries in certain near-surface areas, including the Albany Shaft portion of the historical mine, as well as areas to the north and south of the core mine trend; (4) deep exploration drilling to seek new discoveries in the unexplored ground below the historical workings to depths of up to 2,500 metres (8,200 feet) vertically from surface; (5) definition of a National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant mineral resource for the Pickle Crow Property; and (6) completion of environmental, metallurgical and other studies required to advance the Pickle Crow Property.