Mission Gold Ltd.

August 14, 2015 17:00 ET

Mission Gold Terminates Imperial Project Option Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 14, 2015) - Mission Gold Ltd. (TSX VENTURE:MGL) ("Mission" or the "Company") announces that, due to the deteriorating state of the capital markets for junior natural resource companies and the depressed price of gold, it has terminated its option agreement with Goldcorp USA Inc. pursuant to which it had the right to acquire 100% of Imperial USA Corp, a subsidiary of Goldcorp USA Inc., which holds 100% of the Imperial Gold Project in California, subject to a 1.5% NSR.

About Mission

Mission's business strategy is to leverage the challenging market conditions currently faced by the commodity markets to build a portfolio of high quality gold development projects through a combination of exploration, mergers and acquisitions, utilizing the considerable experience and success of management and the directors of the Company.

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

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