Dr. Moira Smith reports

PILOT GOLD INC.: 15.3 G/T GOLD OVER 45.2 METRES AT KCD TARGET, TV TOWER

Pilot Gold Inc.'s recent drilling, focused on the northwestern portion of the 400-metre-by-300-metre gold zone at the KCD target, TV Tower, has returned 15.3 grams per tonne (g/t) gold over 45.2 metres in KCD-142, including an interval of 386 g/t gold over 1.5 metres.

The intercept in KCD-142 is located approximately 120 metres north of KCD-50 (see Pilot Gold news release dated Jan. 22, 2013, and titled Pilot Gold reports 227 g/t gold over 12 metres from metallic screen reassay of TV Tower's KCD-50). The high-grade interval in KCD-142 (386 g/t gold over 1.5 metres) is visually very similar to the high-grade interval in KCD-50, including the presence of visible gold in veins oriented nearly perpendicular to the core axis, suggesting that the intercept may represent approximately true thickness. The presence of this style and tenor of gold mineralization a significant distance from KCD-50, as well as other holes with high-grade intercepts along this trend, illustrates the excellent continuity of high-grade mineralization in this area.

Recent highlights include:

• 15.3 g/t gold over 45.2 metres in KCD-142, including 386 g/t gold over 1.5 metres;
• 2.6 g/t gold over 56.5 metres in KCD-141, including 4.7 g/t gold over 23.0 metres;
• 1.5 g/t gold over 57.3 metres in KCD-143;
• 6.3 g/t gold over nine metres in KCD-144, including 29.0 g/t gold over 1.5 metres.

Holes KCD-141, KCD-143 and KCD-144 were fanned off a single site located 110 metres northwest of KCD-50 and were designed to infill a sparsely drilled area where the geological model predicted the presence of gold mineralization. Additional drilling to the north of this area is planned to extend this zone.

"The current phase of drilling, focused on areas to the north and west of the original discovery, confirms the presence of high-grade gold mineralization extending into sparsely drilled areas predicted to host gold based on our geological model," stated Dr. Moira Smith, chief geologist, Pilot Gold. "These exceptional drill results will allow us to model high-grade gold in the upcoming resource estimate with greater confidence."

All true widths are 50 to 100 per cent of reported widths unless otherwise stated. All intervals of no sampling have been assigned zero grade for the purposes of compositing. All intervals are reported as weighted arithmetic averages and no cutting has been applied.

The 2013 program at KCD is primarily focused on infill and step-out drilling of the silver zone, and testing the gold zone downdip to the north and along strike to the west-northwest. The drill results from KCD form part of an aggressive exploration program consisting of approximately 15,000 metres of diamond core and RC drilling, geologic modelling and continuing surface work. Approximately 14,000 metres in 55 holes have been completed at KCD this year, with assays pending for 13 holes.

Previous KCD highlights in the Pilot Gold drilling program since August, 2012:

• KCD-102: 26.6 g/t gold, 47.2 g/t silver, 2.12 per cent copper over 16.5 m;
• KCD-80: 6.59 g/t gold over 34.2 m;
• KCD-79: 14.90 g/t gold over 14.1 m;
• KCD-75: 2.33 g/t gold over 93.5 m;
• KCD-65: 2.79 g/t gold, 10.1 g/t silver, 0.67 per cent copper over 61.3 m;
• KCD-50: 227 g/t gold over 12.0 m;
• KCD-134: 327 g/t silver over 14.5 m;
• KCD-108: 93.0 g/t silver over 122.7 m;
• KCD-104: 69.0 g/t silver over 94.0 m;
• KCD-94: 85.9 g/t silver over 135.5 m.

At the nearby Kayali bulk-tonnage, oxide gold system approximately 1,400 metres have been completed with assays pending for four holes.

About TV Tower

TV Tower is a joint venture between Pilot Gold (40 per cent) and Teck Madencilik Sanayi Ticaret AS (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 Sept. 12, 2012, for full details of the deal terms.)

Located on the Biga peninsula of northwest Turkey, the TV Tower project 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).

First pass drilling in 2010 resulted in new discoveries at the KCD and Kayali epithermal gold systems. Continuing exploration by Pilot Gold continues to uncover robust new targets, including the bonanza-grade Columbaz low-sulphidation epithermal vein system that returned 39 g/t gold and 290 g/t silver in 2012 rock chip sampling.

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.

Dr. Moira Smith, PhD, PGeo, chief geologist, Pilot Gold, is the company's designated qualified person for this news release within the meaning of NI 43-101 and has reviewed and validated that the information contained in the release is accurate. Drill composites were calculated using cut-offs of 10, 50 and 100 g/t silver (Ag). 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, B.C., for gold by fire assay of a 30-gram (one-assay-ton) charge with ICP-ES or AAS finish, or if over five g/t were reassayed and completed with a gravimetric finish. Metallic screen techniques are employed to assay selected very high-grade intervals. Approximately 500 grams of coarse reject material are pulverized and screened. Two splits of the fine fraction are assayed, as well as all material that does not pass through the screen (the coarse fraction). The final gold assay reported is a weighted average of the coarse and fine fractions. Ag and copper (Cu) were determined by aqua regia ICP-MS, with overlimits (greater than 100 parts per million (ppm) Ag or greater than 10,000 ppm Cu) completed by fire assay with gravimetric finish (Ag) or four-acid digestion with ICP-ES (Cu). QA/QC (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.

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