Antipodes Gold Limited

Antipodes Gold Limited

February 19, 2015 15:00 ET

Antipodes Gold: Newmont Earns a 50% Equity in Waihi West and General Security Provided

WELLINGTON, NEW ZEALAND--(Marketwired - Feb. 19, 2015) - ANTIPODES GOLD (TSX VENTURE:AXG)(NZAX:AXG) ("the Company") announced today that Newmont Waihi Gold ("Newmont") had earned a 50% equity in the Waihi West Joint Venture and that the Company had provided a General Security Deed for the benefit of Newmont.

The Waihi West permit area is adjacent to Newmont's Martha gold mine in Waihi, North Island, New Zealand. An additional 10% equity in the joint venture may be earned by Newmont spending a further NZ$264,000 (C$245,000).

The Company and Newmont also have the Hauraki Joint Venture (35%:65% respectively) approximately 10 km to the north of Martha mine (where the primary target is the WKP project).

The Company has executed a General Security Deed in favour of Newmont, securing Newmont's equity interests in these two joint ventures. Newmont has pre-existing rights under the joint ventures and the General Security Deed provides a more effective mechanism for securing its equity position.

The Company's discussions with an eligible third party to achieve an effective restructuring continue. As advised earlier, the terms of any prospective deal remain to be determined and shareholder approval will likely be required for any such agreement to be finalised. There is no certainty that any transaction will be completed.

The Company will continue to actively pursue this encouraging opportunity, plus other financing options and will inform the market of any substantive developments.

About the Company

Antipodes Gold is an experienced exploration and development company focused on establishing gold resources in New Zealand's Hauraki region - host to low-sulphidation epithermal gold-silver deposits including the Newmont-owned Martha gold mine. The Company's strategic priority is to advance the high-grade potential of the joint ventured WKP project (Antipodes Gold 35%, Newmont 65%).

In March 2014 this joint venture was renegotiated to give the company project management and sole-funding control of further planned development of the WKP project, which at present holds an NI 43-101-compliant inferred resource estimate of 260,000 ounces of gold at an average grade of 6.1 g/t Au (and cut-off grade of 3 g/t Au).

This independent technical report, entitled "NI 43-101 Technical Report on the mineral resource estimate for the Wharekirauponga (WKP) Gold Project, Hauraki, New Zealand" was prepared by David Ross, P.Geo., Principal Geologist with Roscoe Postle Associates Inc. Toronto, who is a Qualified Person under NI 43-101.

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Mr Simon Henderson, MSc Geology (CODES), an AusIMM Chartered Professional under the Discipline of Geology; is a Qualified Person as defined by National Instrument 43-101 and an employee of the Company, and has reviewed and approved the technical information given above.

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

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