Mr. Martin Dallaire reports

VISIBLE GOLD MINES ANNOUNCES INITIATION OF A 4,000 KILOMETRES AIRBORNE SURVEY FOR ITS NEW PROJECT IN THE JAMES BAY REGION OF QUEBEC; 50% OF SURVEY ALREADY COMPLETED

Visible Gold Mines Inc. has contracted Prospectair Geosurveys Inc. of Gatineau, Que., for a detailed helicopter-borne magnetic and time-domain electromagnetic survey of its 100-per-cent-owned 167 Extension project in the region of the Plan Nord in the province of Quebec. The survey began on Nov. 13, 2014, and so far approximately 1,977 linear kilometres, representing 50 per cent of the survey, have been covered by Prospectair. The entire survey is expected to be completed before the end of the month of November.

The MAG-TDEM geophysical survey will consist of a data acquisition program over a total of 3,955 linear kilometres on two different survey blocks at 100-metre line spacing.

Upon completion of the heliborne survey, Joel Dube, Eng, a consultant specialized in geophysics, will generate anomaly-picking and interpretation maps. These products will be key in providing prospective guidance on potential diamond drilling targets. A preliminary map will be available soon after the survey is completed, and final maps, data and a report are expected within two weeks of completion of the data acquisition.

A Eurocopter EC120B aircraft equipped with the lightweight ProspecTEM system and a Geometrics magnetometer will be used to carry out the survey. This cost-effective geophysical configuration is well adapted for reconnaissance surveys with the objective of delineating conductors to a depth of about 150 metres while maintaining excellent spatial resolution. Detailed heliborne MAG-TDEM surveying technology offers excellent penetration results for detecting discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity at depth. Given the conductive and magnetic nature of the angular mineralized boulders found by Visible Gold Mines along road 167, the MAG-TDEM heliborne technology offers an adapted data combination, thus maximizing chances to discover the suboutcropping sources of these boulders.

In addition to the results previously announced in its press release dated Nov. 11, 2014, Visible Gold Mines is pleased to announce additional results from five boulders found in the area of KM150 of its 167 Extension project. See Visible Gold Mines' website for an interactive map and pictures of the 167 Extension project.

 ADDITIONAL RESULTS OF FIVE BOULDERS 
            FOUND AT KM150

Sample       Au      Ag      Cu    Zn
No.        (g/t)   (g/t)     (%)   (%)            

55916     10.08     9.2    0.23     -     
55866      0.74    13.5    0.35  0.36  
55867     29.31    39.0    1.00     -     
55868     10.49    24.4    0.48     -     
55869      2.42    13.9    0.08     -     

Following the receipt of all sample results and of the MAG-TDEM geophysical survey, the Visible Gold Mines geological team will review the results and establish an exploration program in order to define the bedrock sources of these mineralized boulders. A batch of 16 new mineralized boulders were sent to Techni-Lab Laboratories on Nov. 7, 2014, and results from these boulders will be released as they become available.

Qualified persons

Martin Dallaire, PEng, president and chief executive officer of Visible Gold Mines, is the qualified person for the 167 Extension exploration project information presented in this press release under National Instrument 43-101 Standards of Disclosure for Mineral Projects, and is responsible for the technical contents of this press release. He has approved the disclosure of the technical information contained herein. The data verification was conducted by Jeannot Theberge, PGeo, under the supervision of Mr. Dallaire.

Quality control

Visible Gold Mines has implemented and adheres to a strict quality assurance/quality control for the current exploration program. It includes one mineralized gold standard, one duplicate and one blank for each batch of samples. Analyses are performed by ALS Chemex, Val d'Or, Que., or Techni-Lab, Ste-Germaine-Boule, Que., both accredited laboratories.

About Plan Nord 167 Extension project

In 2011, when the Quebec government launched its ambitious Plan Nord project to develop Quebec's north, including the construction of a 243-kilometre-long all-season road that links Stornoway's Renard diamond project to the provincial highway network, Visible Gold Mines' management decided to acquire the available mining rights along each side of the new road in order to have access to new outcrops and strippings generated by the road construction. Visible Gold Mines acquired claims by acquisition and staking and so the 167 Extension project was born. Out of the 140 kilometres of new road available for mining exploration (the first 102 kilometres are a planned provincial park), Visible Gold Mines owns more than 110 kilometres. The road has been completed since Oct. 1, 2014, at a construction cost of approximately $350-million. The 167 Extension project is 100 per cent owned by Visible Gold Mines and represents with recent acquisitions up to 54,734 hectares or 547 square kilometres.