Mr. Anthony Zelen reports

GENERATION GOLD CORP. ACQUIRES YATH PROPERTY

Generation Gold Corp. has acquired the Yath uranium project on the Angilak trend in the Thelon basin, Nunavut, Canada. The Yath project is uniquely positioned at the interface of two subbasins of the Thelon basin, Yathkyed basin and Angikuni basin. The Thelon basin is one of only a few unconformity basins globally with proven economics: Athabasca, Saskatchewan; McArthur, Australia; Thelon, Nunavut.

Highlights:

• Prospective for high-grade unconformity-type uranium deposits and IOCG (iron oxide-copper-gold) (Olympic dam) type deposits.
• Adjacent and contiguous to Latitude Uranium's Angilak project, containing 43.3 million pounds (Mlb) U3O8 (triuranium octoxide) at 0.69 per cent (2.8 million tonnes (Mt) U3O8).
• New geological interpretation with drill-ready targets (revised in 2012 by Charlie Jefferson).
• $5-million spent on the project to date.
• The uranium spot price is currently trading at a five-year high (approximately $70/lb).

The 85-square-kilometre project is contiguous with a district-scale uranium project that is currently being advanced by Latitude Uranium -- the Angilak project. The adjacent project contains a historical inferred resource of 43.3 Mlb U3O8 at 0.69 per cent (2.8 Mt U3O8) in the Lac 50 trend deposit. The Lac 50 deposit is 15 km long by three km wide and ranks as one the highest-grade uranium resources globally outside of the Athabasca basin.

Anthony Zelen, chief executive officer of Generation, stated: "After many months of negotiations, we have finally secured the Yath uranium project in the heart of the Theon basin. This area has recently seen some of the worlds largest uranium discoveries and we are right in the heart of it. The team will crunch the data and have some more news regarding this high-level project shortly."

Terms of the acquisition

Pursuant to the agreement, the company acquired the Yath uranium project through a 100-per-cent acquisition; the company will pay a total cash consideration of $45,000 and issue 2.5 million common shares over 24 months to the vendors, and grant a 1-per-cent NSR (net smelter return) royalty in respect of commercial production from the property. All shares will be issued with a 12-month restriction.

Derrick Strickland, PGeo (1000315), a shareholder and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral projects, has reviewed the scientific information that forms the basis for this news release, and has approved the disclosure herein.

Caution: The qualified person has not verified the information on the adjacent properties, nor mineralization found on adjacent and/or geologically similar properties, which is not necessarily indicative of mineralization found on the property.

About Generation Gold Corp.

The company is a natural resource company engaged in the exploration and development of mineral properties. The company has an option to acquire a 60-per-cent interest in and to the Arlington property located within the Arrow Boundary district of south-central British Columbia.

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