Mr. Dwayne Melrose reports

TRUE GOLD DRILLING CONTINUES TO EXPAND GOLD MINERALIZATION AT THE KARMA PROJECT

Drilling completed in December, 2013, has returned numerous wide mineralized intercepts and expanded the area of gold mineralization north of the Kao deposit at True Gold Mining Inc.'s Karma gold project in Burkina Faso, West Africa.

Drilling during the past six months has outlined a new area of continuous gold mineralization measuring 1,300 metres by 600 metres immediately north of the Kao deposit, which -- at 1,400 metres by 900 metres -- is the largest of the five deposits at Karma. The new mineralized area exhibits comparable scale, continuity and characteristics of grade with the Kao deposit.

This newly discovered gold mineralization is situated within a regional-scale gold trend that is now clearly defined over more than 3.5 kilometres and remains open. The new gold mineralization was not included in the recently published mineral reserve and updated mineral resource estimate released as part of the Karma project's independent feasibility study (1).

True Gold anticipates being in a position to calculate an initial mineral resource estimate for the mineralized area immediately north of Kao in late first-quarter 2014. New assay highlights from recent drilling include:

• 1.50 grams per tonne gold over 90.00 metres in KAO13DD-233, including:
  • 3.08 g/t Au over 32.50 metres;
  • 4.94 g/t Au over 7.0 metres;
• 3.02 g/t Au over 30.00 metres in KAO13RC-489, including:
  • 8.52 g/t Au over 8.00 metres;
• 1.04 g/t Au over 48.40 metres in KAO13DD-228;
• 20.60 g/t Au over 2.00 metres and 2.81 g/t Au over 12.00 metres in KAO13RC-492, including:
  • 6.01 g/t Au over 4.00 metres;
• 0.46 g/t Au over 26.00 metres and 1.56 g/t Au over 10.00 metres in KAO13RC-499;
• 1.11 g/t Au over 9.00 metres in KAO13DD-230.

"We anticipate that additional oxide ounces defined within the envelope of the proposed mining operation will feed into our current mine plan and be accretive to the overall Karma project in the near term," said Mark O'Dea, executive chairman, True Gold.

"The discovery of an expansive zone of gold mineralization north of the Kao deposit highlights the potential for Karma project growth and scalability and builds confidence in our geological and exploration models," added Dwayne Melrose, president and chief executive officer, True Gold. "The area north of Kao is one of more than a dozen high-priority targets at the Karma project that contain gold-mineralized material that is higher than cut-off grade in the feasibility study and are slated for further exploration work and drilling."

The potential quantity and grade of the targets are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain that further exploration will result in any of the targets being delineated as a mineral resource.

Recent drilling intersected shallow, east-dipping, intrusive-hosted gold mineralization, which is geologically consistent with the Kao deposit.

The 856-square-kilometre Karma project includes five closely spaced deposits -- Kao, Goulagou I, Goulagou II, Rambo and Nami -- with a proposed central processing facility. The Karma project feasibility study results support a technically simple, open-pit heap-leach project with 1.4-year payback and 43.1-per-cent internal rate of return (after tax) at $1,250 (U.S.) per ounce of gold (1).

Scott Heffernan, MSc, PGeo, is the company's vice-president, exploration, and designated qualified person for this news release within the meaning of National Instrument 43-101. He has reviewed and verified that the technical information contained in this release is accurate and approves of the written disclosure of same.

All recently completed core and RC holes at North Kao were drilled at a minus-60-degree dip and 270-degree azimuth, and to an average depth of 150 metres. True widths are estimated to be 70 per cent to 90 per cent of the intersected widths. Samples were assayed for gold by ALS Chemex in Ouagadougou, Burkina Faso. Assays were done by fire assay with AAS finish, and repeats of all AAS assays over 5.0 g/t were done by fire assay with gravimetric finish. Control samples (accredited standards, blanks and duplicate samples at the preparation stage) were inserted on a regular basis. Results were monitored on receipt of assays.

(1) See True Gold news release dated Dec. 17, 2013.

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