SG Announces Appointment of Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2013) - SG Spirit Gold Inc. (TSX VENTURE:SG) ("SG" or the "Company") is pleased to announce the appointment of Sam Yik, CA, as Chief Financial Officer of SG, effective immediately. Mr. Yik is a chartered accountant with over 20 years of diversified business experience in areas of accounting, finance, corporate development, marketing, and logistics, with focus primarily in the resource sector, and most recently, the oil & gas sector. Mr. Yik graduated from the University of British Columbia and is a member of the Institute of Chartered Accountants of British Columbia. Mr. Yik obtained his CA designation while articling with the Vancouver office of KPMG and is also a member of the CICA's (Canadian Institute of Chartered Accountant) Small Business Advisory Group.

The board of directors of SG wishes to thank Yvette Harrison for her contributions to SG during her tenure as Chief Financial Officer.

About SG Spirit Gold:

SG Spirit Gold is a Vancouver based exploration company that has entered into a Letter of Intent dated April 5, 2013 with Pangea Energy Corp. to combine their businesses to create a well-funded, growth oriented, oil & gas company. Pangea is a private British Columbia corporation with its head office located in Lakewood, Colorado and has interests in oil & gas properties located in Romania and is in negotiation to acquire producing and non-producing properties in the United States. For more information regarding the business combination, the Pangea private placement and the Pangea convertible debenture financing, please see news releases dated April 8, 2013, May 22, 2013 and June 21, 2013 respectively.

ON BEHALF OF THE SG BOARD

Adrian Bray, President & CEO

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements in this document include statements about the exploration of SG's properties. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and SG undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.