Parlane Resource Corp.

TSX VENTURE : PPP


Parlane Resource Corp.

November 14, 2012 10:00 ET

Parlane Commences Drilling at the Big Bear Project in Central British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2012) - Parlane Resource Corp. (TSX VENTURE:PPP) ("Parlane" or the "Company") has started a core drilling program at the Big Bear property on the Nechako Plateau.

The Company is pleased to announce that drilling has commenced at the Big Bear property, which is situated between two mineralized systems: New Gold Inc.'s Blackwater and the Capoose properties.

Five target areas (see Parlane news release Oct. 2, 2012 www.parlaneresource.com) are being drill-tested. The drill sites are easily accessed by a dense logging road network and it is anticipated that the planned 1,500 metres of core drilling will be completed before the end of December. Core samples are being sent to an accredited laboratory and results will be reported as soon as they are available.

The Big Bear property is located in the Omineca Mining Division, Nechako Plateau in central British Columbia, approximately 100 kilometres south of Vanderhoof, and contains 14,366 hectares.

Ian Webster, P.Geo. is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this release.

ON BEHALF OF THE BOARD

Robert Eadie, President, Chief Executive Officer and Director

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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