Mr. Peter Hooper reports

PC GOLD COMPLETES ACQUISITIONS OF ADDITIONAL MINING CLAIMS

PC Gold Inc. has completed all of its previously announced acquisitions of additional mining claims adjacent to its Pickle Crow gold project in the Patricia mining division, Ontario. These acquisitions comprise the acquisition of 28 unpatented mining claims from Metalcorp Ltd. (see the company's news release dated Sept. 12, 2014), the acquisition of eight patented mining claims (mineral rights only) and 21 unpatented mining claims from Frontline Gold Corp. (see the company's news release dated Aug. 6, 2014), and the acquisition of 38 unpatented mining claims from GoldON Resources Ltd., as well as all of GoldON Resources' rights, interest and obligations under an option agreement between GoldON Resources and an arm's-length third party in respect of an additional five unpatented mining claims (see the company's news release dated June 6, 2014). All of the acquisitions have been completed on the terms previously disclosed by the company.

"These acquisitions now make PC Gold by far the largest landholder in the Pickle Crow gold camp," said Peter Hooper, president and chief executive officer. "The claims acquired cover key ground between the company's past-producing Pickle Crow mine and the Central Patricia mine, add the Crowshore shaft and another 3.5 kilometres of the historic core mine trend to the Pickle Crow property, and add numerous gold showings and a large copper anomaly to the Pickle Crow property. They also add the NE extension to the Central Patricia East zone. Hole PC-11-141, which was drilled along the previous PC Gold-Metalcorp property boundary, returned 1.03 grams per tonne over 51.00 metres, including 8.17 grams per tonne over 3.00 metres (see the company's news release dated July 25, 2011). The CPE zone contains mineralization similar to the historic Central Patricia mine, which produced 650,000 ounces at 13.03 grams per tonne."

The company has received the acceptance of the TSX Venture Exchange for all of the acquisitions.

All common shares issued by the company in connection with the acquisitions as previously disclosed and described are subject to a four-month hold period from the date of issuance under applicable securities laws.

A map of the PC Gold mineral claims can be found on the company's website.