SOURCE: Gold Torrent, Inc.

January 05, 2015 10:29 ET

Gold Torrent, Inc. Announces Planned Private Placement for up to $2,000,000

BOISE, ID--(Marketwired - Jan 5, 2015) - Gold Torrent, Inc. (OTCQB: GTOR) ("Gold Torrent" or the "Company"), a junior mining company focused on the development of high grade gold properties in North America, announced today that it intends to raise up to $2,000,000 pursuant to a private placement offering (the "Offering") at a price of $0.25 per common share.

The proceeds of the Offering will be used to make certain joint venture payments and initiate engineering and permitting activities related to the Willow Creek Gold Project near Anchorage, Alaska and for general and corporate purposes. Willow Creek is a historic, very high-grade gold past producer. It is currently being developed for gold production from the Coleman deposit.

Gold Torrent has received expressions of interest to participate in the private placement from existing shareholders, management, and new institutional investors to the extent that, following completion of the Offering, certain investors could beneficially control more than 10% of the issued and outstanding common shares of the Company.

The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or as applicable under any state securities laws, and may not be offered or sold in the United States absent registration or an application exemption from registration. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Gold Torrent:
Gold Torrent, Inc. (OTCQB: GTOR) is an OTC Bulletin Board listed company led by individuals with extensive experience in public company management, mine development, mine operations, and finance. The company is focused on acquiring ownership in late-stage exploration to development-stage gold mining projects and/or royalty or streaming interests in low capital intensity, late-stage mining projects in North America. Gold Torrent is supported by a technical and advisory team with over 150 years of combined experience including in Alaska and the Yukon.

Please visit our website at: www.goldtorrentinc.com

Cautionary Note Regarding Forward Looking Statements:
This news release contains forward-looking statements regarding future events and Gold Torrent's future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended (the "Securities Act"), and the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and applicable Canadian securities laws. Forward-looking statements include, among others, estimates of resources. These statements are based on current expectations, estimates, forecasts, and projections about Gold Torrent's exploration projects, the industry in which Gold Torrent operates and the beliefs and assumptions of Gold Torrent's management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as the results of exploration activities and whether the results continue to support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, potential changes to royalties and taxes imposed by the Alaska government and other matters discussed under the caption "Risk Factors" in our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2013, and our other periodic and current reports filed with the SEC and available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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