Mr. Matt Lennox-King reports

PILOT GOLD REPORTS 93.0 G/T SILVER OVER 122.7 METRES AT KCD, TV TOWER

Pilot Gold Inc.'s first 10 holes of the 2013 drill campaign at TV Tower's KCD target have returned exceptional results from the silver zone and indicate extension of the stratiform gold zone down dip to the north.

The 2013 program at KCD is primarily focused on infill and step-out drilling of the silver zone, and testing the gold zone down dip to the north and along strike to the west-northwest. Initial highlights include KCD-108, the second best silver hole drilled at KCD to date based on grams by metres, and KCD-109, which encountered high-grade gold of 9.75 grams per tonne gold over three metres down dip along the footwall fault zone.

Drill highlights

Silver zone:

• 93.0 grams per tonne silver over 122.7 metres in KCD-108;
• 51.5 grams per tonne silver over 82.6 metres in KCD-115;
• 31.8 grams per tonne silver over 107.7 metres in KCD-114.

Gold zone:

• 1.63 grams per tonne gold over 40.7 metres in KCD-109, including 9.75 grams per tonne gold over three metres;
• 1.89 grams per tonne gold, 26.4 grams per tonne silver and 0.21 per cent copper over four metres in KCD-112;
• 3.53 grams per tonne gold, 15.6 grams per tonne silver and 0.28 per cent copper over 7.6 metres.

"We are extremely pleased that the 2013 drill program is building on last year's campaign, revealing consistently strong mineralized runs in the silver zone and encouraging results in the gold zone," said Matt Lennox-King, president and chief executive officer, Pilot Gold. "We look forward to the results from the step-out drilling now underway at KCD."

Gold has been encountered in drilling over an area measuring approximately 400 by 250 metres at the KCD target. The silver zone partially overlaps and overlies the gold-silver-copper zone of mineralization, and consists of a gently north-dipping, tabular zone of mineralization over an area measuring approximately 600 by 400 metres. It is exposed on surface along the southern margin of the zone, and under shallow cover farther to the north.

Pilot Gold has budgeted for 30,000 metres of drilling at TV Tower in 2013. Drill results released today form part of an extensive second-year exploration program consisting of 15,000 metres of diamond core drilling at the KCD target. Approximately 6,500 metres in 24 holes at KCD have been completed, with assays pending for 14 holes. The KCD program was launched on March 23, 2013, and three diamond core drills are currently in operation.

Pilot Gold plans to drill 7,500 metres in 2013 at both Kayali and Columbaz, two high-priority TV Tower projects. The Kayali high-sulphidation, shallow oxide gold target is located approximately eight kilometres south of the KCD target. The Columbaz target is located approximately two kilometres south of the KCD target, and consists of low-sulphidation gold-silver veins that have been traced discontinuously over an east-northeast strike length of up to 1,000 metres.

About TV Tower

TV Tower is a joint venture between Pilot Gold (40 per cent) and Teck Madencilik Sanayi Ticaret A.S. (60 per cent), a Turkish subsidiary of Teck Resources Ltd. Pilot Gold is project operator at TV Tower and can increase its interest in the project to 60 per cent, through sole financing of exploration over a three-year period. (See press release dated June 21, 2012, for full details of the agreement terms.)

Located on the Biga Peninsula in 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).

Dr. Moira Smith, PhD, PGeo, chief geologist, Pilot Gold, is the company's designated qualified person for this news release within the meaning of National Instrument 43-101, and has reviewed and validated that the information contained in the release is accurate. Drill composites were calculated using cut-offs of 0.3, three and 10.0 grams per tonne gold. Drill intersections are reported as drilled thicknesses. True widths of the mineralized intervals are interpreted to be between 50 and 100 per cent of the reported lengths. Drill samples were assayed by AcmeLabs in Ankara, Turkey, and Vancouver, for gold by fire assay of a 30-gram (one-assay-ton) charge with ICP-ES or AAS finish, or if over five grams per tonne were reassayed and completed with a gravimetric finish. Silver and copper were determined by ICP-MS, with overlimits (greater than 100 parts per million silver or greater than 10,000 parts per million copper) completed by fire assay with gravimetric finish (silver) or four-acid digestion with ICP-ES finish (copper). Metallic screen techniques were used to assay a high-grade gold interval in KCD-50. Quality assurance/quality control included the insertion and continual monitoring of numerous standards and blanks into the sample stream, and the collection of duplicate samples at random intervals within each batch.

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. The potential quantities and grades disclosed herein are conceptual in nature and there has been insufficient exploration to define a mineral resource for the targets disclosed herein. It is uncertain if further exploration will result in these targets yielding a mineral resource.

We seek Safe Harbor.