Mr. Matt Lennox-King reports

PILOT GOLD REPORTS 6.59 G/T GOLD OVER 34.2 METRES AT TV TOWER

Pilot Gold Inc.'s infill drilling from holes to the southeast and downdip to the northeast of KCD-50 returned significant intervals of high-grade gold, including one interval containing visible gold.

Drill highlights include:

• 6.59 grams per tonne (g/t) gold (Au) over 34.2 metres in KCD-80, including 42 g/t Au over 3.7 metres;
• 9.58 g/t Au over 4.5 metres;
• 2.83 g/t Au over 32 metres in KCD-85, including 7.20 g/t Au over 10.6 metres;
• 7.08 g/t Au over 17 metres in KCD-72, including 86 g/t Au over 1.3 metres.

"Infill drilling is necessary to demonstrate continuity of high-grade zones of gold mineralization, and we are pleased that these results confirm continuity and extend it," said Matt Lennox-King, president and chief executive officer, Pilot Gold.

Core holes KCD-80, KCD-83 and KCD-85 were fanned from a single drill pad located approximately 25 metres southeast of KCD-50, which returned 12 metres averaging 193 g/t gold. The results suggest that a zone of high gold grades extends continuously from KCD-50 southeast to join strong intercepts such as KCD-39 (5.94 g/t Au over 137.1 metres) over a total distance of more than 100 metres.

The intercept from KCD-72 contains visible gold. The hole was drilled from the same pad as KCD-50, and extends high-grade gold mineralization downdip approximately 25 metres to the northeast.

The drill results form part of an aggressive first year exploration program consisting of 16,000 metres of diamond core drilling, property-wide airborne magnetic/EM geophysics, and continuing surface mapping and geochemical sampling.

Approximately 12,180 metres in 61 holes at KCD have been completed, with assays pending for 20 holes. Drilling in the near term will continue to focus on infill and step-out drilling in the KCD target area, followed by systematic testing of other high-priority targets throughout 2013.

                               DRILL RESULTS
                                                                          Au
               From       To  Intercept       Au       Ag       Cu   cut-off
Hole ID         (m)      (m)        (m)    (g/t)    (g/t)      (%)       g/t

KCD072         57.1     64.0        6.9     1.67      4.5     0.09       0.3
and            91.0    110.0       19.0     0.89      1.2     0.08       0.3
including     107.5    108.9        1.4     6.30      5.6     0.54       3.0
and           119.0    136.0       17.0     7.08      2.3     0.11       0.3
including     131.6    132.9        1.3     86.0     21.5     0.82      10.0
KCD080         63.8     98.0       34.2     6.59      5.9     0.32       0.3
including      64.9     71.0        6.1     10.2     21.6     1.26      10.0
including      88.6     92.3        3.7     42.0      7.5     0.03      10.0
and           105.5    110.0        4.5     9.58      3.1     0.23       0.3
including     106.8    108.4        1.6     26.2      6.1     0.47      10.0
KCD083         51.0     79.5       28.5     0.94      3.9     0.13       0.3
including      74.9     76.5        1.6     4.88     13.9     0.77       3.0
and           114.1    121.5        7.4     1.74      2.5     0.19       0.3
KCD085         33.8     65.8       32.0     2.83     12.7     0.07       0.3
including      41.0     51.6       10.6     7.20     23.4     0.06       3.0
including      42.5     44.0        1.5     11.6     55.1     0.04      10.0
including      48.6     50.0        1.4     15.5     12.8     0.03      10.0
and            74.4     80.6        6.2     6.86      2.5     0.20       0.3
including      75.8     78.3        2.5     16.0      4.1     0.31      10.0
and           100.2    122.7       22.5     1.86      4.1     0.29       0.3
including     101.2    105.5        4.3     6.49     12.9     0.73       3.0

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.

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, 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).

First pass drilling in 2010 resulted in new discoveries at the KCD and Kayali targets. Surface 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 recent 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 0.3, three and 10 g/t Au. 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. Silver (Ag) and copper (Cu) were determined by 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 finish (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.

We seek Safe Harbor.