Mr. Morris Beattie reports

SPANISH MOUNTAIN GOLD ANNOUNCES RETIREMENT OF DIRECTOR

Spanish Mountain Gold Ltd.'s Morris Beattie is retiring as a director and chief executive officer, effective May 31, 2015. Dr. Beattie has been actively involved with the company's Spanish Mountain gold project since 2009. He has been instrumental in delineating a multimillion-ounce gold resource and in the successful completion of the preliminary economic assessment and several well-received technical studies. He joined the company's board of directors in March, 2011, and was appointed chief operating officer in September, 2011, and chief executive officer in Oct. 31, 2013. The company has benefited greatly from his exemplary leadership and over 40 years of project development expertise.

Ian Watson, chairman of the board, stated, "We are all grateful for Dr. Beattie's contributions to the company and wish him well in his retirement."

The board of directors has appointed Larry Yau as the interim chief executive officer. Mr. Yau has been the chief financial officer of the company since January, 2010. His in-depth experience in the mining sector and his history with the company will ensure a smooth transition period following Dr. Beattie's retirement.