Pilot Gold Announces Additional Drill Results from Larger Main Zone Targets at Goldstrike Project

Pilot Gold Inc. is pleased to announce additional drill results from the Warrior, Aggie, Peg Leg and Dip Slope targets, all located within the emerging, larger Main Zone, at the 100% controlled Goldstrike Oxide Gold Project in southwestern Utah.

The Main Zone now covers an approximate 4 square kilometre area that remains open for expansion and contains 8 of the 12 historic pits within the broad mineralized envelope. Drilling is focused on the oxide gold mineralization between, below and down-dip of the historic open pits in order to connect all areas.

Highlights from the Warrior and Aggie targets include:

• 1.93 g/t A over 15.2 m in PGS197
• 1.08 g/t Au over 13.7 m within 0.56 g/t Au over 45.7 m in PGS201
• 1.21 g/t Au over 7.6 m within 0.83 g/t Au over 15.2 m, and 0.46 g/t Au over 13.7 m, and 1.16 g/t Au over 6.1 m in PGS193

Highlights from the Peg Leg target include:

• 2.05 g/t Au over 9.1 m within 1.61 g/t Au over 13.7 m and 0.98 g/t Au over 15.2 m in PGS227
• 1.15 g/t Au over 16.8 m within 0.94 g/t Au over 29.0 m in PGS224

Highlights from the Dip Slope target include:

• 1.02 g/t Au over 9.1 m within 0.41 g/t over 56.4 m in PGS212
• 0.44 g/t Au over 37.5 m in PGS206, which bottomed in mineralization.
• 1.41 g/t Au over 4.6 m in PGS199

Note that due to having two drills on the property, assay results for the holes are not necessarily received in sequence.

KEY POINTS

• Some individual named targets within the broad Main Zone are identified for their higher grade, starter pit potential.
• The emerging Warrior target is located approximately 300 metres west-northwest of the Aggie target and further drilling is currently underway to link the two areas together.
• Additional drilling at Aggie has extended mineralization up to 150 m to the west of the original discovery.
• Step-out drilling at the Peg Leg target continues to yield high-grade oxide intercepts. Mineralization is open to the north and west in this area.
• The Dip Slope target continues to yield gold over significant widths both within the Claron Formation and the underlying Paleozoic strata, showing two mineralized hosts.