SOURCE: Integra Gold Corp.

Integra Gold Corp

November 14, 2014 16:30 ET

Integra Gold Clarifies Technical Disclosure

VANCOUVER, BC--(Marketwired - November 14, 2014) - As a result of a review by the British Columbia Securities Commission (the "BCSC"), Integra Gold Corp. (TSX VENTURE: ICG) (OTCQX: ICGQF) ("Integra" or the "Company") is issuing the following news release to clarify the Company's technical disclosure. 

Preliminary Economic Assessment Disclosure (the "PEA")

The Company has updated the disclosure used in its Corporate Presentation and corrected the disclosure used in other investor relations material to include the following statement proximate to references about the results of the economic analysis in the PEA: The PEA is preliminary in nature, includes inferred resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the PEA will be realized. A description of the basis of the PEA along with relevant qualifications and assumptions of the QPs can be found in the April 25, 2014 Technical Report on the Lamaque Property.

The Company further clarifies that the PEA does not confirm the feasibility of development of the Lamaque Property, which would not be confirmed unless and until a positive feasibility study within the meaning of NI 43-101 is prepared for the project. The Company has removed references to the term "feasibility" and "robust economics" in association with the PEA for certain of its investor relations-related materials. The Company also notes that the following sentence from the April 25, 2014 technical report on the Lamaque Property is erroneous and should not be relied upon: "The results from this prefeasibility study [sic] demonstrate that the Lamaque Project is technically and economically viable and InnovExplo recommends that Integra Gold continue to advance the project toward prefeasibility."

The results from the Company's PEA remain unchanged from those contained in the original report dated April 25, 2014. The Company is in the process of updating this PEA to reflect the Company's recent acquisition of the Sigma-Lamaque Milling Complex and Mine (see News Release dated September 3, 2014 and October 9, 2014). 

Project and Company Profile

Integra's Lamaque South Gold Project and Sigma-Lamaque Milling Complex and Mine are located adjacent and directly east of the city of Val-d'Or along the prolific Abitibi Greenstone belt in the Province of Québec, Canada, approximately 550 km northwest of Montréal. Québec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available.

The Company's primary focus is the advancement of exploration at its Lamaque South project. The Lamaque South property is divided into three resource clusters, the North, South and West cluster. The primary targets are the high-grade Parallel Zone in the North Cluster and the Triangle Zone in the South cluster. The acquired Sigma Mill, located 500 meters from the Parallel Zone and 2 kilometers from the Triangle Zone, is a fully-permitted, 2,200 ton per day mill and tailings facility. The Sigma-Lamaque Mill and Mining Complex include the historic Sigma and Lamaque Mines which operated for 60 and 40 years respectively and produced more than 9 million ounces of Gold in total.


Stephen de Jong
CEO & President

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

Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, those matters identified in its continuous disclosure filings, including its most recently filed MD&A. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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