Mr. Alain Hupe reports

RESSOURCES APPALACHES FULLY PERMITTED FOR GOLD PRODUCTION

Appalaches Resources Inc. is fully permitted to proceed with gold production at its 100-per-cent-owned Dufferin mine project in Nova Scotia. Today the company received the final permit, the industrial approval, from the provincial authorities.

Alain Hupe, president and chief executive officer of Appalaches Resources, reports, "The issuance of the industrial approval has an enormous importance, allowing Appalaches Resources to go from an exploration company to a gold producer company in a short period of time."

The receipt of the industrial approval along with the technical due diligence completes the most substantial conditions precedent for the funding of $7.5-million (U.S.) under Appalaches Resources' current gold prepay facility. The lender's technical team reported last month that it was satisfied with Appalaches Resources' Dufferin mine gold mine plan documents (mine report, mine plan, surface and underground electrical installation plan, ground control procedures, and ventilation plan), economic model, operating cost estimates and capital cost estimates (see press release of Oct. 30, 2013).

Funding conditions precedent are nearing completion

The company is working to complete all legal conditions precedent required to be satisfied in order for the remaining $7.5-million (U.S.) to be released to Appalaches Resources. The $7.5-million (U.S.) advance is expected to provide the required funds to complete the refurbishment and relaunch gold production at the Dufferin mine (see press release of May 8, 2013).

The signing of the loan documents and advance of funds is expected to occur shortly. Start of commissioning is projected four months after the receipt of funds, with another four months required for initial mining and milling ramp-up of operations to steady state production.

Final recruitment process

Over the course of the past few weeks the company has commenced the final selection and hiring process for the remaining approximately 54 positions to be filled in order to resume gold production at its Dufferin mine. To date, the company has received more than 950 applications for the following positions:

• Mine technicians/junior mining;
• Mill superintendent engineers;
• Underground boss;
• Millwrights/trades mechanics;
• Senior assayer;
• Process boss and process operators;
• Underground miners;
• Assay lab staff;
• Electricians;
• Underground mechanic;
• Site services technicians;
• Security personnel;
• Administrative assistants;
• Finance clerks.

The sizable number of applicants will enable the company to continue its very competitive selection process. This progression will increase the opportunities of hiring the most qualified applicants to join the Dufferin mine team.

Webcast

The company will host a conference call and webcast on Friday, Nov. 29, 2013, at 11 a.m. Eastern Time to discuss the details concerning the industrial approval permitting, the second tranche of the loan and provide a development update.

Webcast and call-in details are as indicated.

The audio feed call-in details for people who cannot attend the on-line webcast is as follows:

Canada:  1-647-497-9409; code 746-338-121

United States:  1-516-453-0014; code 746-338-121

Germany:  49-0-811-8899-6999; code 746-338-121

United Kingdom:  44-20-7151-1848; code 746-338-121

A replay of the webcast will be available on the company website from Nov. 29, 2013, until Dec. 15, 2013.

Tracking the company's progress

The company's website is being updated actively with all of its news and project updates.

The company's Twitter account is being used to update any and all subscribers. Subscribe now to get your 140-character updates as the company progresses.

The contents of this press release were prepared and reviewed by Alain Hupe, Eng, a qualified person as defined in National Instrument 43-101.

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