Preliminary Feasibility Study For Relief Canyon

LAKEWOOD, CO – Pershing Gold Corporation reported that its NI 43-101 compliant independent report titled "Technical Report and Preliminary Feasibility Study for the Relief Canyon Mine, Pershing County, Nevada. Pershing Gold is a gold producer whose primary asset is the Relief Canyon Mine in Pershing County, Nevada. Relief Canyon includes three historic open-pit mines and a state-of-the-art, fully permitted and constructed heap-leach processing facility. Pershing Gold is currently permitted to resume mining at Relief Canyon under the existing Plan of Operations.

Pershing Gold’s landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Pershing Gold with the opportunity to expand the Relief Canyon Mine deposit and to explore and make new discoveries on nearby lands.