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Pure Gold Intersects Near Surface High-Grade Gold at Madsen

Oct 23, 2014

Pure Gold Mining Inc. announced results of its recent $4.0 million exploration program at its  Madsen Gold Project in the Red Lake gold district of northwest Ontario.

The exploration program included 9,000 metres of diamond drilling and was designed to test and expand the current mineral resources while concurrently developing and drill testing high-grade, 8 Zone-style targets through ongoing evaluation of the large historic database.

Phase I of the exploration program focused on near-surface high-grade mineralization along the 12-km long Madsen Mine Trend, which includes the Madsen Mine, Red Lake's second largest past producer with over 2.4 million ounces produced. Initial target areas include McVeigh Ramp, Fork Zone, Junction, and Point. Phase II, to begin in the winter months, will focus on targets along the 10 kilometre-long ultramafic contact, including Russet South.

Highlights from the ongoing exploration program include:

- Approximately 4,000 metres in twelve (12) diamond drill holes have been completed to date testing the McVeigh Ramp, Junction, and Fork Zone target areas. Assay results from the first seven (7) drill holes are reported below, with results from the remaining five (5) holes pending.

- Drilling in the Fork Zone has identified a silicified feeder structure that has been delineated for approximately 275 metres along strike and to a depth of 200 metres. Assay results are reported from the initial three (3) holes and include 14.6 g/t Au over 1.8 metres from hole PG14-006 which contains visible gold.

- Drill holes PG14-009 and PG14-011 also contain visible gold. Assay results are pending from drill holes PG14-008 through to PG14-011, which intersected the silicified structure in Fork Zone.

- Limited drilling at McVeigh Ramp intersected multiple mineralized horizons of garnet and biotite alteration representing the McVeigh, Austin, and South Austin horizons. Significant assays include 8.3 g/t Au over 2.0 metres and 5.3 g/t Au over 5.0 metres.

- Structural and alteration mapping, soil, and rock geochemical sampling programs completed at the Fork Zone, Junction, Point, and Russet South target areas continue to advance new drill targets.

"The application of modern exploration techniques are already leading to an improved understanding of the geology, and delivering outstanding new targets at the Madsen Gold Project," stated Darin Labrenz, President & CEO of Pure Gold. "Our initial drilling in the Fork Zone has identified a gold-bearing structure that has been targeted and traced for approximately 275 metres. Modeling of this structure and the recognition of the related folded mafic - ultramafic contact has defined a shallow southerly plunge control to higher grade mineralization. The intersection of this structure and the ultramafic contact has been identified as an exciting new target. We look forward to testing this target in the coming months when access will be facilitated by winter freeze-up."

Additional information about the Company and its activities may be found on the Company's website at www.puregoldmining.ca and under the Company's profile at www.sedar.com.