Mr. Timothy Johnson reports

GRANITE CREEK CLOSES $250,000 NON-BROKERED PRIVATE PLACEMENT

Granite Creek Gold Ltd. has closed the previously announced non-brokered private placement of five million units at a price of five cents per unit for proceeds totalling $250,000. Each unit consists of one common share and one-half of a transferrable common share purchase warrant. Each full common share purchase warrant will be exercisable for one common share of the company's capital stock for a period of 18 months from the date of issue at an exercise price of seven cents. The company received TSX Venture Exchange approval for the private placement on April 22, 2014. The company will pay finders' fees and issue finders' warrants in connection with a portion of the private placement. The net proceeds from the placement will be used by the company for operations, investor relations and general working capital purposes. All shares, warrants and any shares issued upon exercise of warrants are subject to a hold period and may not be traded in British Columbia until four months and one day from the date of issue, except as permitted by the applicable securities acts and the rules made thereunder, and the TSX-V.

The company is also pleased to announce that it has retained FronTier Merchant Capital Group for investor relations services. FronTier is an experienced and reputable investor relations group with a home office in Toronto, Canada. FronTier will assist the company by increasing market awareness utilizing a number of financial market communications initiatives, the core of which will be facilitating in-person introductions for the company with institutional and retail brokers and investors in a number of cities across Canada, the United States, Europe and Australasia.

FronTier has been retained for a 12-month period, commencing April 22, 2014, at $5,000 per month plus direct expenses. The agreement may only be terminated after six months from commencement by either party on 30 days advance written notice.

Frontier and its principal(s) have purchased 1.6 million units in this private placement.

The company has agreed, subject to TSX-V approval, to grant FronTier a stock option for the purchase of up to 250,000 common shares of the company's capital stock for a period of five years at a price of 10 cents per share, in accordance with the company's stock option plan and to vest according to TSX-V policy.

We seek Safe Harbor.