Pilot Gold Inc. announced an initial independent resource estimate, with an effective date of November 6, 2013, for the Kucukdag (KCD) gold-silver-copper deposit, the first of several targets on the TV Tower property slated for intensive drilling, exploration and resource estimation. KCD was divided into a lower gold zone and an overlying silver zone for reporting of the resource estimate, as gold and silver are found in largely spatially distinct zones. KCD will continue to progress through ongoing metallurgical testing and preliminary engineering.

The Silver zone at KCD measures 600 x 600 metres at surface and remains open for expansion to the north and northwest. Gold Zone Resource: An Indicated Mineral Resource of 11.62 million tonnes at an average grade of 1.22 grams/tonne gold ("g/t Au") containing 456,000 ounces gold ("Au"); An Inferred Mineral Resource of 1.70 million tonnes at an average grade of 0.85 g/t Au containing 46,000 ounces gold. Silver Zone Resource: An Indicated Mineral Resource of 11.44 million tonnes at an average grade of 46.7 g/t silver containing 17,182,000 ounces silver ("Ag"; An Inferred Mineral Resource of 9.08 million tonnes at an average grade of 52.7 g/t Ag containing 15,367,000 ounces silver.

In total on a gold equivalence basis, the KCD resource estimate, effective November 6, 2013, delineates an Indicated Mineral Resource of 996,000 gold equivalent "AuEq" ounces (23.06 Mt at 1.34 g/t AuEq) and an Inferred Mineral Resource of 351,000 AuEq ounces (10.77 Mt at 1.01 g/t AuEq). The Classified Mineral Resource estimate is quoted at a cut-off grade of 0.50 grams per tonne ("g/t") gold equivalent ("AuEq"). At a 0.50 g/t AuEq cut-off, the strip ratio is 1.47:1. Gold equivalence was calculated using a ratio of Au:Ag of $1200:$20, at 75% recovery and copper ("Cu") at $3/lb at 70% recovery.