Drilling Confirms Potential significant shallow Au System

· All eight Phase 2 holes at Vuzel hit near-surface gold, including high-grade intercepts in a number of intervals–to date every Phase 1&2 drillhole has intercepted gold mineralisation with peak value/interval 24g/t Au over 1.5m.

· Results indicate that Vuzel may host an extensive, near-surface mineralised gold system with a high-grade component.

· The near surface, shallow dipping to sub-horizontal nature of the mineralisation will allow for rapid, cost-effective follow up drilling to explore the full extent of the mineralised system.

· Initial program is focused on 1.5km of strike within the 4km target area. Assays for further holes are pending, and drilling is ongoing.

· Vuzel is located <20km from Gorubso-Kardzhali A.D.’s (a private Bulgarian Mining company) gold processing facility, whom is also a 30% partner of TSX-V Velocity Minerals, whose Bulgarian assets, including the Rozino deposit (573Koz @ 0.8g/t Au) was recently subject of US$59M acquisition by Türker Mining, a subsidiary of Turkish conglomerate Türkerler Holding.