The drill program has been initiated with three drills and may be accelerated with the addition of more drills as the need requires. The aim is to improve the current near surface resource for 100% conversion to measured and indicated category.

The current estimate was prepared in compliance with NI 43-101 by Mine Development Associates and released on August 15, 2013, where pit constrained measured resources are of 6.4 Mt at 1.33 g/t Au for 275,000 ounces, indicated resources are of 18.2 Mt at 1.30 g/t Au for 760,000 ounces and inferred resources are of 10.9 Mt at 0.81 g/t Au for 284,000 ounces.

Additional drilling has been planned but not budgeted for a Phase 2 program scheduled to begin in Q3 2015. It is anticipated that the two programs will suffice for the confidence in physical and grade continuity that will lead to a PEA study scheduled to be completed at the beginning of 2016.

The Company is also pleased to announce the results of its Annual General Meeting held October 30, 2014. Over 60,000,000 common shares, or approximately 50.4% of the issued and outstanding shares, were voted in person or by proxy. All motions were approved, including the election of Messrs. Sean Roosen, Bryan Coates, Robert Wares, Michael Iverson and Peter Hawley as directors, the reappointment of the current auditors, the re-approval of the Company’s amended stock option plan and the amendment of the Company’s Articles to implement advance notice provisions for the nomination of directors.

Following the meeting, the Board appointed Mr. Roosen as Chairman, Mr. Wares as President and CEO, Mr. Jonathan Richards as CFO and Corporate Secretary, Mr. Iverson as Vice President Corporate Communications and Mr. Yan Ducharme as Vice President Exploration.

The Company also announces that it has granted incentive stock options to purchase up to 800,000 common shares of the Company, exercisable at $0.25 per share with a term of five years, to directors, officers and consultants of the Company. The grant remains subject to the approval of the TSX Venture Exchange.