Mr. Duncan Middlemiss reports

SAS: RECENT DRILLING CONFIRMS THE EXTENSION OF THE 147 ZONE MINERALIZATION ONTO THE HISLOP MINE PROPERTY

St. Andrew Goldfields Ltd. is releasing recent drill results from the Hislop North project northwest of the Hislop mine and the Hislop V2 zone.

Highlights of drilling results

Hislop North (147 extension):

H14-006:  0.88 gram per tonne gold over 50.5 metres

H14-012:  2.96 grams per tonne gold over 43.1 metres, including 9.20 grams per tonne gold over 10.2 metres

H14-013:  17.87 grams per tonne gold over 6.5 metres (9.28 grams per tonne gold uncut), including 31.43 grams per tonne gold over 3.5 metres (15.47 grams per tonne gold uncut)

H14-014:  6.76 grams per tonne gold over 12.2 metres, including 18.49 grams per tonne gold over 2.7 metres

V2 zone:

HS14-001:   4.70 grams per tonne gold over 3.9 metres, including 7.76 grams per tonne gold over 1.9 metres

All lengths reported at Hislop North are reported as core length, as true width is not available at this time. Assays at Hislop North and the Hislop V2 zone are cut to 32.00 g/t Au.

"The continuation of positive results being generated from the Hislop property is very encouraging," said Duncan Middlemiss, president and chief executive officer of SAS. "The additional drill results from Hislop North support the thesis that the Grey Fox and 147 zones (traced from the neighbouring property) cross the claim boundary, and we are seeing good potential to identify resources by year-end. Additionally, the V2 zone results demonstrate the highly prospective nature of the Hislop property, and exploration work will continue throughout 2014."

Hislop North project

Phase 2 drilling continued along the northern Hislop property boundary (aimed at following up on the southerly strike extension of the 147 zone). To date in 2014, 17 holes totalling approximately 3,700 metres were drilled using one surface rig. Near-surface intersections over significant widths were intercepted in hole H14-012, which returned 2.96 g/t Au over 43.1 metres, and hole H14-006, which returned 0.88 g/t Au over 50.5 metres.

These intercepts are hosted within a brecciated albitic mafic volcanic with significant quartz veining, carbonate stringers and disseminated pyrite. The recently reported mineralized intercepts occur at surface, with hole H14-012 being collared in the mineralized zone. Recent drilling was conducted on a 50-metre-by-50-metre drill pattern, with the objective of following up on 2013 drill results. This recent phase of drilling has traced the 147 mineralized extension approximately 135 metres onto SAS property. The drilling has indicated that the 147 mineralized zone subcrops on the SAS property and is covered by minimal overburden (1.5 metres to two metres). The company expects to mechanically trench, geologically map and channel sample the mineralized zone as part of its summer exploration field program. Additional follow-up drilling is planned to continue to trace the 147 and Grey Fox mineralized extensions onto SAS property and follow up on numerous other drill targets situated on the Hislop property.

Primero Mining Corp.'s Grey Fox property (which hosts the Grey Fox, 147 and Contact zones) is situated on the north side of the Hislop property boundary, and Primero (formerly Brigus Gold Corp.) has reported approximately 507,000 ounces of indicated resources (4.3 million tonnes grading 3.7 grams per tonne gold) and 229,000 ounces of inferred resources (1.5 million tonnes grading 4.7 grams per tonne gold). See the compliant technical report as filed by Brigus Gold on SEDAR, "NI 43-101 Technical Report and Mineral Resources Estimate for the Grey Fox Project," dated July 30, 2013.

Significant assay intercepts from the recent Hislop North drill program are summarized in the table.

 
     HISLOP NORTH TARGET -- 2014 PHASE II SURFACE DRILL PROGRAM           

                                                    Gold        Gold
                                         Core      grade       grade
Hole                From        To     length    (uncut)       (cut)
No.                  (m)       (m)        (m)      (g/t)       (g/t)

H14-001            365.2       366        0.8       5.06           -
H14-002            276.3     278.8        2.5       1.96           -
H14-003            133.5     137.9        4.4      13.61       12.79
Including          133.5       136        2.5      22.76       21.32
H14-004                                              NSV           -
H14-005             18.2      21.2        3.0       6.98           -
Including           18.2      19.2        1.0      16.60           -
H14-006             25.8      76.3       50.5       0.88           -
Including           25.8      30.1        4.3       1.74           -
Including           52.4      55.4        3.0       4.43           -
H14-007              6.4       7.8        1.4      10.15           -
H14-011            342.7       347        4.3       3.83           -
Including          343.5       344        0.5      14.70           -
H14-012              3.0      46.1       43.1       2.96           -
Including           35.9      46.1       10.2       9.20           -
And                120.3     128.2        7.9       6.65           -
And                133.5     142.5        9.0       1.38           -
H14-013            130.5     136.1        5.6       2.30           -
And                145.0     151.5        6.5      17.87        9.28
Including          148.1     150.7        2.6      31.43       15.47
H14-014             80.5      92.7       12.2       6.76           -
Including           88.0      90.7        2.7      18.49           -
H14-017            117.0     133.6       16.6       2.42           -
Including          119.5     124.6        5.1       4.88           -

Notes: 
All lengths are reported as core length, as true width is not 
available at this time. Assays are cut to 32.00 g/t. NSV equals no 
significant value.

V2 zone

The V2 zone is located approximately one kilometre south of the East pit on the Hislop property. This is a regional target that has been defined by historical drilling and remains open along strike to the east. The V2 zone consists of gold-bearing quartz veins hosted within a steeply dipping mafic volcanic unit. In 2014, two holes were drilled to target the easterly strike extension of the V2 zone, which resulted in extending the zone an additional 50 metres to the east. This zone remains open to the east with additional drilling planned to follow up on the strike extension of this target. Significant assay intercepts from the recent V2 zone drill program are summarized in the table.

                  V2 ZONE 2014 SURFACE DRILL PROGRAM

                                                    Gold        Gold
                                         Core      grade       grade
Hole                From        To     length    (uncut)       (cut)
No.                  (m)       (m)        (m)      (g/t)       (g/t)

HS14-001           102.6     106.5        3.9       4.70           -    
Including          102.6     104.5        1.9       7.76           -    
HS14-002           148.6     159.3       10.7       1.34  
          
Notes: 
All lengths are reported as true width. Assays are 
cut to 32.00 g/t. 

Drilling, assaying and quality assurance/quality control

Surface drilling was conducted by Forage Orbit Garant Drilling Services Inc. Analytical work for the Hislop North/147 extension was performed by AGAT Laboratories Ltd., situated in Mississauga, Ont., an accredited lab. Diamond drill samples sent for analysis consisted of saw-cut NQ-size core samples. SAS employs an industry-standard quality assurance/quality control program consisting of certified reference standards and blanks that are inserted into the sample stream, which represent approximately 5 per cent of the total sample population. Gold analysis is performed using a 30-gram fire assay with an ICP-OES (inductively coupled plasma optical emission spectrometry) finish.

Qualified person

The exploration programs on the company's various mineral properties are under the supervision of Doug Cater, PGeo, the company's vice-president, exploration. Mr. Cater is a qualified person as defined by National Instrument 43-101 and has reviewed and approved this news release.

We seek Safe Harbor.