Pilot Gold Reports 2.00 G/T Oxide Gold

VANCOUVER, BC – Pilot Gold Inc. reported that recent drilling returned high-grade oxide gold intercepts from the Kayali and Karaayi zones (collectively, the K2 trend) on the TV Tower property in western Turkey.

Highlights include: 0.80 grams/tone gold (g/t Au) over 119.8 meters (m) in KRD-03 (Karaayi Zone), including 2.00 g/t Au over 35.0 m; 1.96 g/t Au over 33.1 m in KYD-51(Kayali Zone), including 3.42 g/t Au over 17.4 m.

Drill holes KRD-03 and KYD-51 are located approximately three kilometers apart along the K2 trend, a four-kilometer-long, near-surface sheet of gold mineralization. KRD-03 yielded the highest-grade results ever returned for the Karaayi zone, with assay intervals up to 10.8 g/t Au.

"2013 was a milestone year at K2," said Matt Lennox-King, President and CEO, Pilot Gold. "Drilling and exploration work confirmed that the K2 gold system has a large mineralized footprint that can be mapped across a broad four-kilometer trend, containing structurally controlled zones of high-grade oxide gold."

Hole KYD-51 is a step-out hole drilled at the east end of the Kayali zone. The mineralized zone was also encountered in holes near KYD-51 and remains open to the southeast. Previous indications of high-grade mineralization at Kayali include 15.9 g/t Au over 3.0 meters from surface in KYD-46R.

Geological mapping and soil and rock sampling are ongoing at Karaayi ahead of further definition and step-out drilling in 2014.

TV Tower is a joint venture between Pilot Gold (40%) and Teck Madencilik Sanayi Ticaret A.S. (60%), a Turkish subsidiary of Teck Resources Limited ("Teck"). Pilot Gold is project operator at TV Tower and can increase its interest in the project to 60%, through sole funding of exploration over a three-year period.