Mr. Chris Berlet reports

COGONOV INC. AND STAKEHOLDER GOLD CORP. TO DRILL BASS RIVER

Cogonov Inc. and Stakeholder Gold Corp. have formed a joint exploration committee to manage the exploration of Cogonov's Bass River iron-oxide-copper-gold project in Nova Scotia, Canada. The committee comprises two representatives from each company.

The committee has approved the proposed drill program, and Stakeholder has signed a drill contract for a minimum of 3,500 metres with LanTech Drilling Services Inc., Dieppe, N.B., Canada. The 10-hole drill program, anticipated to commence by the end of November, 2014, has been designed to test four specific targets on the Bass River property in Nova Scotia. These targets include gravity anomalies NS23, NS23 West, VTEM (versatile time-domain electromagnetic) cluster VT-BR-05 and a magnetite breccia zone within the Pleasant Hills pluton.

The pulse electromagnetic data for NS-23 and VT-BR-05 have been modelled by independent consultants to the Bass River project. Anomaly NS23, which will be drilled first, is a three-milligal gravity anomaly that is coincident with two potential target types -- dense magnetic and dense non-magnetic associated with an extensive copper-in-soils anomaly. This combination of responses is consistent with disseminated copper in the IOCG model and supports the primary thesis of IOCG deposition in the Cobequids. NS23 drilling will be collared to penetrate the gravity anomaly and associated soil geochemistry trend.

The VT-BR-05 target, which will be drilled immediately pursuant to NS23, shows clear definition from VTEM and pulse EM surveys. The pulse EM survey over VT-BR-05 has outlined a northwest-dipping conductive body that is coincident with extensive B zone soil anomalies for zinc, lead and silver. The conductor has an indicated strike length of 750 metres, and is open along strike to the northeast and southwest. This pulse EM conductive response, which confirms the VTEM and soil anomalies, and the shear-controlled sulphide mineralization found in trenching, now constitutes another primary drill target for investigation. Field exploration in 2014 has also located a magnetite/hematite breccia zone within the Pleasant Lake pluton. Hosted within a microgranite, this target has a surface expression of approximately 750 metres by 750 metres and lies in a trough between two gravity anomalies. Mineralization includes 1 per cent to 2 per cent pyrite and chalcopyrite.

"Stakeholder has undertaken systematic review, and completed gravity and VTEM surveys, as well as a comprehensive soil sampling program and a pulse EM survey on the two primary targets identified at Bass River. Results to date are consistent with, and support, IOCG deposition. There are two primary drill targets, NS23 and VT-BR-05, each of which is supported by several levels of geological investigation. We are excited about the upcoming drill program and our opportunity to prove the thesis of IOCG deposition in the Cobequids of Nova Scotia," said Chris Berlet, president and chief executive officer of Stakeholder.

"This is a culmination of many years of fieldwork, geophysical surveys and data compilation by the Cogonov exploration team, including geologists, prospectors, geophysical advisers, the technical advisory committee and management. We are very excited to move the company forward and bring the Bass River project to drill stage," said P.J. Cruickshank, president and CEO of Cogonov. Gary H. Lohman, BSc, PGeo, a qualified person under National Instrument 43-101, has reviewed and approved the technical portions of this news release.