Mr. Peter Hooper reports

PC GOLD ANNOUNCES PRIVATE PLACEMENT

PC Gold Inc. has entered into an agreement with IBK Capital Corp., under which IBK has agreed to act as the agent for the private placement by PC Gold of up to 14 million flow-through units at a price of five cents per FT unit for gross proceeds to the company of up to $700,000 and up to 16 million non-flow-through units at a price of five cents per unit for gross proceeds to the company of up to $800,000.

Each FT unit and each unit will consist of one common share of the company and one common share purchase warrant of the company. Each warrant will be exercisable to acquire one non-flow-through common share of the company at an exercise price of five cents for a period of four years from closing.

The shares partially comprising the FT units will be issued as flow-through shares and the proceeds from the issuance of the FT units will be used to incur eligible Canadian exploration expenses, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than Dec. 31, 2014. These proceeds will be used for exploration on the company's 100-per-cent-owned Pickle Crow gold mine property in Northwestern Ontario. Proceeds from the issuance of the units will be used by the company for working capital.

The agent will receive a cash commission equal to 9 per cent of the aggregate gross proceeds from the placement, and broker warrants equal to 10 per cent of the FT units and units sold in the placement, each exercisable to acquire one unit at a price of five cents for a period of four years from closing.

All securities issued under the placement will be subject to a four-month hold period from the date of closing. The placement is subject to the approval of the TSX Venture Exchange.