Mill City Gold Corp.
TSX VENTURE : MC
OTCBB : MCYGF
FRANKFURT : NJ6

Mill City Gold Corp.

August 08, 2013 19:00 ET

Mill City Announces Non-Brokered Private Placement

CALGARY, ALBERTA--(Marketwired - Aug. 8, 2013) - MILL CITY GOLD CORP. ("Mill City" and/or the "Company") (TSX VENTURE:MC)(OTCBB:MCYGF)(FRANKFURT:NJ6) announced today it is undertaking a non-brokered private placement to raise up to $200,000 through the sale of units of securities of the Company.

The units will be priced at $0.02 per unit with each unit consisting of one common share (a "Share") and one common transferable share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share for a period of 5 years, exercisable at a price of $0.05 per Share for the first year and $0.10 per Share for the remaining four years.

The proposed private placement is subject to TSX Venture Exchange ("TSX-V") acceptance, including TSX-V bulletins dated Aug. 17, 2012, December 12, 2012 and April 12, 2013 respectively, private placements - temporary relief from certain pricing requirements. All securities issued under the private placement will be subject to a four-month hold period from the closing date.

The proceeds from the private placement will be used toward payment of outstanding payables, general and administrative expenses and to maintain Mill City's properties.

ON BEHALF OF THE BOARD OF DIRECTORS

James R. Brown, Chairman, President & CEO

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 release.

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