Mr. Todd Morgan reports

ARMISTICE RESOURCES SIGNS TRUCKING AGREEMENT; RESUMES HOISTING OPERATIONS; SHIPMENTS OF ORE FROM THE MCGARRY GOLD MINE TO MILL FOR PROCESSING HAVE COMMENCED; REBUILD AND MAINTENANCE OF MCGARRY MINE'S HOIST SYSTEM COMPLETED; HOISTING FROM MINE RESUMES; COMPANY PRODUCTIVELY USED TIME DURING HOIST SYSTEM REBUILD TO COMPLETE VARIOUS IMPORTANT PLANNED MAINTENANCE AND CONSTRUCTION PROJECTS

Armistice Resources Corp., which began hoisting and stockpiling in December, 2011, at its McGarry gold mine in Ontario's Kirkland Lake area, has begun shipments of ore from the mine to a mill for processing.

After receiving bids from a number of local haulage companies, Armistice has signed a contract with James Lathem Excavating Ltd. for trucking ore from the McGarry mine to the McAlpine mill, near Cobalt, Ont., for processing. On March 6, 2012, Armistice announced that it had signed a custom milling contract with SMC (Canada) Ltd. for processing ore at its McAlpine mill. The contract covers processing of the first 30,000 tons of ore to be delivered from the McGarry gold mine.

"We have previously brought sufficient ore to surface at the McGarry property," said Todd. J. Morgan, president and chief executive officer, "so that with the signing of this trucking contract we were able to commence immediately a steady rate of shipments initially from preproduction activities and then from production stopes for processing at the mill and that will lead to our initiating our first sales of gold.

"I also am pleased to report that we have resumed hoisting operations at the McGarry mine. As we reported on March 20, 2012, we proceeded with rebuilding and maintenance work on the hoist system. We have completed the refurbishing of both hoist motors and the associated motor-generator set, and have now placed the system back into operation. This means a full resumption of underground work in the mine, including bringing ore to the surface.

"We have used the past few weeks very productively, completing a number of essential projects that had been planned. In particular, we made modifications to the headframe required for double skipping; we completed the construction of a temporary headframe on surface at the vent raise for the installation of escapeway ladders to the 1250 level; we overhauled major surface mobile and stationary equipment; we improved and relocated various surface storage facilities; and we engaged a number of employees in essential training programs," Mr. Morgan added.

Qualified person

Erik Andersen, PEng, vice-president and chief operating officer of Armistice Resources, and a qualified person as defined by National Instrument 43-101, has reviewed and approved this news release.

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